Sinarmas Land

The development is a joint venture with Mitbana, a joint venture of Mitsubishi Corporation and Surbana Jurong.

The acquisition is slated to be completed on June 30.

The companies will collaborate on a new transit-oriented development in Bumi Serpong Damai City.

Centurion has some 70,000 beds across its portfolio of accommodation assets.

SINGAPORE (Aug 14): Sinarmas Land reported 1H19 earnings increased nearly sevenfold to $330.8 million from a year ago on exceptional gain.

SINGAPORE (May 13): Sinarmas Land has reported 54.6% higher 1Q earnings of $43.3 million from $28 million in 1Q18, which came on the back higher revenue and margins as well as lower expenses.

SINGAPORE (Nov 12): Sinarmas Land reported $20 million in 2Q18 earnings, down 69.4% lower from a year ago om lower revenue from its Indonesia division, higher finance cost and weakening of the Indonesian Rupiah.

SINGAPORE (May 14): Sinarmas Land saw its earnings fall 26.3% to $28.0 million for the 1Q ended March, from $38.0 million a year ago.

SINGAPORE (Feb 26): Sinarmas Land saw its earnings surge five-fold to $238.2 million for the 4Q ended December, from $46.5 million a year ago.

SINGAPORE (Nov 13): Sinarmas Land reported 3Q ended Sept earnings increased by 0.7% to $17.6 million compared to $17.4 million a year ago.