Their total area is about 8,000 sq m.
OUE acquired plots of land in Jakarta from Indonesian firm Asiatower Sudirman for $150m (IDR1.6b), an announcement revealed.
The conditional land sale and purchase agreement (SPA) for the land plots with total area of approximately 8,000 sq m was done through the firm’s subsidiary, PT OUE Pengembangan Properti. Said land plots are located in the central business district (CBD) in South Jakarta.
With a commercial zoning, the plots are exposed to accessibility and are near road networks as well as other infrastructure and facilities.
Under the conditional SPA, OUE needs to pay 10% of the total consideration which is about $15m (IDR162.9m) within 30 business days after the transaction deal. Meanwhile, the remaining amount should be paid within a year.
According to the firm, the consideration for the deal took into account the permitted use of the land and its prime location.
Do you know more about this story? Contact us anonymously through this link.