BSBK to seek extra 1.2 ha for its land bank in Balikpapan
JAKARTA – PT Wulandari Bangun Laksana Tbk (BSBK), the owner of hotels and shopping centres, is looking for an addition to its land bank, aiming to score 1.2 ha of land in Balikpapan, East Kalimantan, upon which The Mansion Apartment will be built.
In the prospectus quoted Monday (7/11), the management of BSBK is said to have allocated IDR 100 billion to purchase a tract of land near downtown Balikpapan. The money used for this plan originates from the proceeds gained in the initial public offering (IPO) of 25,091,713,397 shares of IDR 100 each. The total target of the IPO proceeds has been set to IDR 275 billion.
As of now, BSBK is still handling several property projects, including the construction of Aeropolis Apartment over a land of 2,133.41 m2 and the construction of three Condotel towers in Balikpapan Superblock in Balikpapan, East Kalimantan.
Then, the remaining IDR 175 billion of the IPO proceeds will be spent to pay the contractor of the Metropolis Condotel project, as well as the building maintenance fee of E-Walk Mall. (LK/ZH)