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Perennial buys firm with big stake in Sentul City in Jakarta

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Published Thu, May 31, 2018 · 09:50 PM

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Singapore

MAINBOARD-LISTED Perennial Real Estate Holdings on Thursday said its wholly-owned subsidiary Perennial SL has acquired Sanctuary City from an unrelated party for US$15.6 million.

The jewel in Sanctuary City's crown is its 60 per cent stake in PT Bhakti Bangun Harmoni (BBH), which owns a 246,982 square metre land parcel inside the Sentul City master-planned township, in the greater Jakarta area.

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