PPRO Collaborates With Greenwoods To Develop Modern Residential

Photo: Doc. PP Properti

JAKARTA - PT PP Properti Tbk (PPRO), one of the leading property developers in Indonesia who is a subsidiary of BUMN PT PP (Persero) Tbk officially signed a term sheet strategic collaboration with PT Greenwood's Central Java Development (Greenwoods) on Wednesday, October 9.

The signing was carried out by both parties to show their commitment to expanding their development portfolio. In this strategic step, PPRO collaborates with Greenwoods, a company that focuses on developing and investing in property to develop residential projects in Ngaliyan, Semarang, Central Java.

The signing of the term sheet which was held at the Park Hotel Jakarta was attended directly by the management of PPRO and Greenwoods, including: Rudi Nugroho as President Director of Greenwoods, Arvin Hartanto as Finance Director of Greenwoods, Dyah Rahadyannie as Director of Business Management & HC PPRO, Daniel Moeis as Managing Director of PPRO, and several representatives from PPRO and Greenwoods management.

The signing was represented by Dyah Rahadyani as Director of Business Management & HC PPRO and Rudi Nugroho as President Director of Greenwoods.

This property development project includes the construction of landed house housing which will be developed on an area of 13.9 hectares. This project will be designed in five clusters and will be developed in stages until 2031.

Unit sales in each cluster are targeted to be sold out before the project is completed in 2031. Projects that have strategic locations and the concept of developing shelters that are adaptive to market needs are expected to attract consumer interest, especially prospective consumers who live in the Central Java area.

"We are very enthusiastic about collaborating with Greenwoods. This collaboration will be realized by developing housing in the Central Java area where it is one of the areas with high growth potential. This business expansion not only expands the PPRO portfolio but also strengthens the company's position in an increasingly competitive market," said Dyah Rahadyani as Director of Business Management and HC PPRO.

Greenwoods is a group of companies experienced in developing more than 60 property projects, including cluster houses, commercial complexes, to public facilities such as hotels and hospitals with operating areas located in Indonesia, Australia, and Japan.

"This collaboration is in line with our long-term strategy to provide high-quality housing that is in accordance with the needs of modern communities, especially in responding to high demand for landed houses in the Semarang region. We are optimistic that this project will receive a positive response," said Arie Nugroho as Head of Corporate Investment Greenwoods.

The development of this property is expected to be a solution for people who want quality housing with a harmonious, innovative, and sustainable concept. Each unit developed will be carefully designed to create an environment that supports a modern lifestyle, in line with the company's vision of presenting future housing.

PPRO is optimistic that this collaboration will not only strengthen the company's position in the property market, but also contribute significantly to the development of the area in Semarang and its surroundings as a preferred residential destination. With a bright vision, the two companies are committed to creating modern and affordable housing for the community.