Vasanta Group through its business unit PT Pakuan Tbk cooperates with a giant partner from Korea, namely Lotte Land. The two of them will work together in building the Vasanta Eco Town project located in Sawangan.

For information, PT Lotte Land Indonesia is a subsidiary of one of the largest conglomerate companies in Korea, Lotte Engineering & Construction company limited (Lotte E&C Co., Ltd.). This collaboration was marked by the signing of a joint venture agreement at Shila at Sawangan, on October 26, 2022.

"Seeing the rapid development of Shila at Sawangan, we are very excited to be part of the commercial and residential area of ​​Vasanta Eco Town. Together with PT Pakuan Tbk, we can contribute and share experiences to develop commercial and residential areas in Vasanta Eco Town", said Choi Gab Moon President Director of PT Lotte Land Indonesia.

On the same occasion, Director of PT Pakuan Tbk, Denny Asalim welcomed the collaboration with PT Lotte Land Indonesia. "It is an honor for us to be able to develop the Vasanta Eco Town area with Lotte. Furthermore, we will continue to advance infrastructure development, provide added value to the Vasanta Eco Town project by guaranteeing quality, and accelerating the realization of this modern city." said Denny Asalim.

Continuing the success of the first phase of The Shoppes 'Senopati Boulevard', the first shopping street in South Jakarta which sold out all its units within three months, PT Pakuan Tbk together with PT Lotte Land Indonesia partnered in developing a land area of ​​104,363 m2 which will be built commercial and residential areas in Vasanta Eco Town.

This area was chosen because of its strategic location, connecting two main roads Jalan Raya Bojongsari and Jalan Raya Muchtar which are national roads and important access links between Bogor and Tangerang, and can be easily accessed via JORR 2 Toll Road, Cijago Toll Road (Cinere-Jagorawi), and the Desari Toll Road (Depok Antasari) via the Sawangan Toll Gate.

Previously, PT Pakuan Tbk had collaborated with Mitsubishi Corporation to build the Shila at Sawangan housing complex in Vasanta Eco Town. PT Pakuan Tbk together with Mitsubishi Corporation have developed the first two clusters in Shila at Sawangan and have sold out.

With its rapid development, Shila at Sawangan launched its newest product, the Lake Series, which consists of two premium residential clusters with the concept of "waterfront living", in September this year.