Participation in Townhouse Development Project in Indonesia
Shimizu Corporation (President: Tatsuya Shimmura), as part of its investment business strategy in the Republic of Indonesia, has recently entered into a strategic partnership with PT Agung Podomoro Land Tbk (APL), a leading listed real estate developer in Indonesia. As the first step of this collaboration, Shimizu participates in the townhouse development project undertaken by APL Group in Bandung, West Java. As a real estate developer, APL develops and operates a broad range of properties, including shopping malls, office buildings, hotels, residential apartments and houses, and superblock developments in Indonesia, and Shimizu had undertaken construction of high-end condominiums developed by APL in the past.
