Astra Land taps rising demand for modern warehousing in Jakarta
The joint venture between Astra International and Hongkong Land sets its sights on Indonesian capital amid e-commerce boom, growing logistics market
Add BT as a preferred sourceSingapore
ASTRA Land Indonesia (ALI), a joint venture (JV) between Indonesia-listed Astra International and Singapore-listed Hongkong Land, is looking to tap growing demand for modern warehousing in the country, mainly in Jakarta and its surrounding cities.
"There is still sufficient room for growth because domestic logistics outsourcing can still be optimised compared to other countries in South-east Asia," Boy Kelana Soebroto, head of corporate communication at Astra International, told The Business Times.
TRENDING NOW
CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce
