JAKARTA - The chemical producer of the Salim Group and Wings Group, PT Unggul Indah Cahaya Tbk. (UNIC), through its subsidiary, PT Wiranusa Grahatama will build apartments and offices in Gatot Subroto, Jakarta. The plan, this development will be carried out in 2023.
UNIC President Director Yani Alifen said the development process was still in the planning stage and adjusted to the applicable government regulations. The project is the location of the former Wisma UIC.
Yani also said the construction was planned to start in early 2023 and be completed within 4-5 years. Meanwhile, the investment value of the apartment construction is still in the calculation stage.
"It is planned that in 2023 it will be able to start construction and for the completion target it is estimated that it will take around 4-5 years," Yani said in an information disclosure on the Indonesia Stock Exchange (IDX) website, quoted on Tuesday, December 27.
Furthermore Yani said the project funds came from internal cash, as well as bank loans. As for increasing funds, apartment and office sales will be carried out.
Yani said UNIC has credit facilities from several banks for financing. Currently, the facilities used are trading facilities for the opening of Letter of Credit.
"Until now, the company does not have outstanding bank debt, except from its subsidiaries, namely PT Petrocentral," said Yani.
Regarding the design for the apartment and office, Yani said that currently it is still in the planning stage. It is hoped that the company can get a very efficient design.
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