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Adhi Commuter Properti acquires Mega Graha

17 September 2019 09:52

JAKARTA. PT Adhi Commuter Properti has acquired PT Mega Graha Cipta Perkasa, a subsidiary of PT Cowell Development, to accelerate the development of the transit-oriented development (TOD) area.

Regina Karlinda, Corporate Secretary of Adhi Commuter Properti, said that the acquisition was funded using the company's capital expenditure (CapEx) budget. Later, Mega Graha will be the manager of recurring income from all Adhi Commuter projects.

In addition, Karlinda mentioned that there are a number of properties owned by Mega Graha that are developed as transit-based housing. "Adhi Commuter sees that in terms of business, Grand Central Bogor project is feasible to be developed," Karlinda was quoted as saying by Kontan on Tuesday (17/9) today. (KR/AR)

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