An unknown buyer acquired 3.43% stake in Pakuwon Jati tbk PT from BSL Investment Inc. for approximately IDR 640 billion.

PT Pakuwon Jati Tbk is an Indonesia-based real estate developer. The Company is engaged in the operations of shopping center, business center, hotel and real estate. The Company operates through three segments: Office, Shopping Centers, and Service Apartments; Real Estate, and Hospitality. Its Office, Shopping Centers, and Service Apartments segment includes over 10 shopping centers spread across Jakarta, Surabaya, Yogyakarta and Solo; six offices, namely Gandaria 8 Office, Kota Kasablanka Tower A and B, and Pakuwon Tower, which are located in Jakarta, as well as Pakuwon Tower and Pakuwon Center which are in the Tunjungan Plaza superblock area, Surabaya, and two serviced apartments, namely Ascott Waterplace Surabaya located in the Pakuwon Mall superblock area and Somerset Berlian Jakarta serviced apartment. Its Hospitality segment operates starred hotels, namely Sheraton Surabaya Hotel and Towers and Four Points by Sheraton, Tunjungan Plaza Surabaya and others.