Concurrently, PTCRI is terminating the existing lease for Courts Kota Harapan Indah (KHI) Megastore which is located in the KHI Building.
SINGAPORE (Jan 15): Courts Asia’s Indonesian subsidiary is acquiring a new property but ending two existing megastore leases as part of the group’s ongoing review of its store network and store format in the country.
In a Tuesday filing, Courts Asia says PT Courts Retail Indonesia Courts (PTCRI) has acquired KHI Megastore in Jakarta for $9.4 million from seller PT Garwita Sentra Utama which is a subsidiary of Singapore Exchange-listed Sinarmas Land.
