Lotte Joins The Construction Of The First Shopping Street In South Jakarta

President Director of Vasanta Group, Erick Wihardja and President Director of PT Lotte Land Indonesia, Choi Gab Moon (Photo: IST)

JAKARTA - Vasanta Group through its business unit Pt Pakuan Tbk has succeeded in cooperating with a Korean giant partner, namely Lotte Land Indonesia, to jointly build a Vasanta Eco Town project located in Sawangan. PT Lotte Land Indonesia is a subsidiary of one of the largest conglomerate companies in Korea, Lotte Engineering & Construction company limited (Lotte E&C Co., Ltd.).

This collaboration was marked by the signing of a joint venture agreement located in Shila at Sawangan on October 26, 2022. Seeing the rapid development of Shila at Sawangan, we are very enthusiastic to be part of the commercial area and residential Vasanta Eco Town. Together with PT Pakuan Tbk, we can contribute and share experiences to develop commercial and residential areas in Vasanta Eco Town. said Mr. Choi Gab Moon President Director of PT Lotte Land Indonesia in its release, Friday, October 28.

"It is an honor for us to be able to develop the Vasanta Eco Town area with Lotte. Furthermore, we will continue to advance infrastructure development, provide added value for the Vasanta Eco Town project by ensuring quality, as well as accelerating the realization of this modern city," said Denny Asalim.

Continuing the success of the first phase of The Shoppes Senopati Boulevard, the first street shopping in South Jakarta was developed on a land area of 104,363 m2 which will be built commercial and residential areas in Vasanta Eco Town.

This area was chosen because of its strategic location, connecting the two main roads of Jalan Raya Bojongsari and Jalan Raya Muchtar which are national roads and important access connecting Bogor and Tangerang, and can be easily accessed via the JORR 2 Toll Road, Cijago Toll Road (Cinere-Jagorawi), and Desari Toll Road (Depok Antasari) via the Sawangan Toll Gate.