Company:AgungPodomoroLandTbkPT Brand value:US$217 million Year on year change: -19% Headquarter city:Jakarta Industry:Real Estate Year formed:2004
Agung Podomoro is a real estate developer, owner and manager working across retail, commercial, and residential property. The majority of their projects in the past decade have catered to the middle classes, with projects ranging from low-cost apartments to high-end developments in South Jakarta, as well as shopping malls, hotels and office blocks. It promotes modern living in prestigious locations, and has recently been focusing on ‘green’ living through TV and social media. The company is currently developing a 42-hectare green-living project in Batam, Sumatra, including residential property, offices, shopping and open space.
The brand’s flagship projects include Podomoro City, in West Jakarta, and Kuningan City in South Jakarta, which each comprise a shopping complex, office space and towers of apartments. Projects under construction include Podomoro Gold View in Cimanggis, West Java, and Park Avenue in Orchard Park, Batam. The company is also working with an NGO to provide schools for disadvantaged children in fishing villages.
Agung Podomoro Land is listed on the Indonesia Stock Exchange and is the flagship listed company in the Agung Podomoro Group, which completed its first project, a housing complex in South Jakarta, in 1973.