Esmaco, Bhuwanatala tie up

JAKARTA (JP): Property company PT Bhuwanatala Indah Permai has appointed Singapore's Esmaco Pte Ltd to maintain and manage its Indonesian shopping centers.

Bhuwanatala announced yesterday that under a cooperation agreement signed in Singapore earlier this month, Esmaco would begin maintaining and managing the Megamal Pluit shopping complex in Jakarta.

Bhuwanatala, which is controlled by President Soeharto's son Bambang Trihatmodjo, also owns and operates the Bandung Indah Plaza building which is Bandung's largest shopping mall.

Esmaco is a joint venture between DBS Property Services Pte Ltd and Housing and Development Board.(hen)