Indonesia 2015 | Brand Profiles | 35 | Agung Podomoro
Company: Agung Podomoro Land Tbk PT
Brand value: US$267 million
Headquarter city: Jakarta
Industry: Real Estate
Year formed: 2004
Developer approaches 40th anniversary with large projects in pipeline
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. The brand is best known for its projects Podomoro City, in West Jakarta, Kuningan City in South Jakarta, and Senayan City in South Jakarta. These are all integrated superblocks comprising a shopping complex, office space and towers of apartments.
Projects under construction include a superblock development in Medan city centre, North Sumatra, called Podomoro City Deli. Also in the pipeline are the Orchard Park residential area in Batam, Sumatra, and the Pakubuwono Springs apartments in South Jakarta. 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.