SSEK acted for China Fortune Land Development (CFLD) in the acquisition of approximately 280 hectares of land located in Karawang Regency, West Java, from PT Buana Makmur Indah (BMI), which is part of leading Indonesian land and property developer Agung Podomoro Land (APL).
The land acquisition is in connection with a CFLD project to develop a new industrial city, with an industrial estate and support services and facilities, a residential area, and a commercial center.
SSEK assisted CFLD with, among other things, a comprehensive land due diligence and reviewing the land certificates up to the land relinquishment documents.
The SSEK team was led by Denny Rahmansyah, the supervising partner of SSEK’s land and real estate practice, and lead associate Greita Anggraeni.