Reuters logo
INDONESIA PRESS-Lippo Cikarang to develop central business district in Cikarang-Investor Daily
April 7, 2014 / 1:51 AM / 4 years ago

INDONESIA PRESS-Lippo Cikarang to develop central business district in Cikarang-Investor Daily

Property developer PT Lippo Cikarang plans to develop a new central business district on 300 hectares of land in Cikarang, Bekasi, a satellite city of capital Jakarta, with an initial investment of 1.5 trillion rupiah ($132.55 million), said CEO Meow Chong Loh.

Construction will begin this year and the development will continue for the next 20 years. The firm currently owns a total of 3,000 hectares of land in the area, which is known as a manufacturing and industrial hub. (Investor Daily)

Note: Reuters has not verified this story and does not vouch for its accuracy.

$1 = 11,316.5 Indonesian rupiah Compiled by Jakarta Newsroom; Editing by Anupama Dwivedi

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below