Brief: Sinarmas Land Enters JV With Sumitomo Forestry, Kumagai Gumi And Harjohn Timber
24/02/2020 14:24
Feb 24 (Reuters) - Sinarmas Land Ltd SINA.SI :
* ENTERED INTO A JOINT VENTURE WITH SUMITOMO FORESTRY,
KUMAGAI
GUMI AND HARJOHN TIMBER
* TOTAL INITIAL INVESTMENT BY ALL PARTNERS WILL BE ABOUT USD
150
MILLION AND PLAN IS TO LAUNCH SALES EARLY 2021
* JV TO JOINTLY DEVELOP A MIXED- USE RESIDENTIAL AND
COMMERCIAL
PROJECT IN KUNINGAN, JAKARTA
Source text for Eikon: ID:nSNZ39Xrll
Further company coverage: SINA.SI
((Reuters.Briefs@thomsonreuters.com;))