Sinarmas Land ramps up overseas expansion
It is eyeing London, Europe commercial assets while it continues to sell industrial land and launch residential projects in Indonesia.
Singapore
SINARMAS Land, majority owned by Indonesia's well-known Widjaja family, is speeding up its overseas expansion by riding on the momentum from its recent acquisitions in London.
The Singapore-listed developer is now eyeing more commercial assets in central London and continental Europe to beef up its international portfolio and recurring income - even as it continues to accumulate land bank in its home country.
TRENDING NOW
From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire
Koh Poh Koon resigns from ministerial roles for ‘family reasons’, will stay on as MP
Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million
Ban on land sales, new launches for developers that deliver ‘defect-ridden’ projects