TOGETHER WE GROW
Pakuwon Group specializes in building of malls, residentials, offices, hospitalities and superblock in Surabaya and Jakarta.
We are proud of our leadership position and continually work to improve the awareness and delivery of sustainability within our industry all the way through to the customers.
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Refinanced US$250m bond with US$400m of
4.875% Senior Unsecured Notes due 2028
Opening of Pakuwon Mall 4 and Pakuwon City Mall 2. Acquired Hartono Mall and Marriott Yogjakarta
and Hartono Mall Solo. Opening of The Westin Surabaya
Gradual handover of Kota Kasablanka condominium phase 3 (Chianti), Office Pakuwon Tower Jakarta. Opening of the Four Points Hotel by Sheraton Surabaya Pakuwon Indah on 8 December 2019
Gradual handover of 2 Kota Kasablanka condominum phase 2 (Angelo and Bella), Anderson's apartment at Superblock Pakuwon Mall and One Icon Apartment at Tunjungan City Superblock, Surabaya.
Opening of Pakuwon Mall Phase 2 & 3 in February 22, 2017 and Tunjungan Plaza 6 in September 23, 2017. Refinanced USD 200 million of Senior Unsecured Notes with 250 million of 5.0% due in 2024
Acquired 11 ha of land in Daan Mogot, West Jakarta and opening of Four Points by Sheraton Surabaya Hotel in June 2016
Opening of Ascott Waterplace Surabaya in May 2015, Tunjungan Plaza retail mall phase V Surabaya and Sheraton Grand Jakarta, Gandaria City Hotel in October 2015
Acquired 67.1% of PT Pakuwon Permai. Raised USD 200 million of 7.125% Senior Unsecured Notes due 2019. Increases shareholding of 4.5ha Simatupang land bank from 45% to 70%
Acquired 33% stake in Usada Insani Hospital, as well as 45% stake in 4.2ha land bank in
Simatupang, South Jakarta
Completed 4 condos, 2 offices and opened Kota Kasablanka mall
with 94% pre-leasing rate
Acquired Kota Kasablanka Superblock in
Jakarta’s Fringe CBD
Completed 2 condos, 1 office tower, and 1 mall in Gandaria City,
as well as 1 mall in Pakuwon City
Rebranding of Pakuwon City into a self-contained city, complete with retail/commercial areas,
school, and a hospital.
Entered the Jakarta Market with the acquisition of land for
Gandaria City Superblock in South Jakarta
Completed Tunjungan Plaza III and IV, Surabaya Sheraton Hotel and Regensi Condominium Tunjungan City becomes the 1st Superblock in Indonesia
Completed Tunjungan Plaza II Shopping Center (Lifestyle Center)
and the Mandiri Office Tower
1st Property company to be listed on
Jakarta Stock Exchange
Pakuwon Jati established to develop Tunjungan Plaza I,
the first modern shopping center in Surabaya.