JAKARTA: Apartment and superblock developer PT Pakuwon Jati Tbk prepares IDR1 trillion investment fund to construct Kota Kasablanka Shopping Mall that is expected to open in May 2012. Pakuwons Director of Business Development Ivy Wong stated the mall is constructed on 110,000 m2 land in the center of Kota Kasablanka superblock.We soon ready for topping of. 60% from the total area is already rented.Kota Kasablanka is constructed on 9.5 hectare land with a total investment of IDR2.7 trillion. 50% fund came from internal cash and another 50% from two banking loans namely Bank Mandiri and CIMB Niaga.Kota Kasablanka Superblock is including Kota Kasablanka Shopping Mall, 2 apartment towers, Casa Grande Residence and an office building.Pakuwon, she continued, plans to develop the second stage of Gandaria City superblock in 2012. The development will be on a 1 hectare land and require IDR600 billion (T05/wiw)

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