The Owner Of Gandaria City And Kokas Officially Gets The Largest Mall In Solo, Which Has An Area Of 100 Thousand Square Meters

Photo: Doc. Hartono Mall Solo

JAKARTA - Property company PT Pakuwon Jati Tbk officially obtained two assets in the form of a mall or shopping center. The issuer coded PWON received two malls, each of which is located in the Special Region of Yogyakarta (DIY) and Solo.

Quoted from Pakuwon's disclosure of information on the Indonesia Stock Exchange (IDX) website, the Company's Director and Corporate Secretary Pakuwon Jati Minarto said that the acquisition process was carried out on Wednesday, November 25, 2020.

The two malls in question are Hartono Mall Solo and Hartono Mall Yogyakarta. The two shopping centers were previously owned by PT Delta Merlin Dunia Properti (DMDP).

Hartono Mall Solo was founded in 2012. This mall has a building area of 100 thousand square meters (m2) and is the largest mall in Sukoharjo Regency.

Meanwhile, Hartono Mall Yogyakarta is a mall that was inaugurated since 20 November 2015. This shopping center is also claimed to be the largest in the City of Students, with a total tenant of 300 units.

Since its establishment in 1982, Pakuwon has continued to strive to expand its wings in the country. Founded in Surabaya, Pakuwon has also put its feet in Jakarta, and this time in Central Java and Yogyakarta.

The acquisition of Hartono Mall Solo and Yogyakarta and Solo certainly adds to the list of shopping centers managed by Pakuwon. They previously owned Tunjungan Plaza, Pakuwon City Mall, Gandaria City Mall, Kota Kasablanka Mall, Pakuwon Mall. Royal Plaza, Blok M Plaza, Ascott Waterplace Surabaya, and Somerset Berlian serviced apartments.

In purchasing the assets of Hartono Mall Solo and Yogyakarta, Pakuwon disbursed Rp1.36 trillion in funds, plus the Yogyakarta Marriott Hotel in Sleman Regency.

"The additional assets will strengthen Pakuwon's performance growth by increasing recurring income," Minarto said, quoted by VOI, Monday, November 30.