IBRA sells properties

JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) said that it managed to book Rp 105 billion (about US$12.3 million) from the auction of 18 properties on Saturday.

The agency said in a statement that the amount achieved at the auction held by PT Ray Wahid Lelang was 70 percent higher than its initial estimate.

The properties sold over the weekend were formerly owned by closed Bumiraya Bank, Bira Bank, Modern Bank, Bahari Bank, Dewrutji Bank, Subentra Bank, Dharmala Bank, BDNI Bank, Mashill Bank, BUN Bank and Namura Bank.

Most property sites are at strategic locations, such as Jalan Mangga Dua Raya, Jalan Kelapa Gading, ITC Roxy Mas, Jalan Kemang Raya and Permata Hijau.

The auction, which was held at Shangrila hotel, was the first phase of the second series of property auctions to be conducted by the agency through the end of next month.

IBRA will hold another property auction on May 31 organized by PT Balai Lelang Indonesia (Balindo), which will sell 25 properties, mostly shop-houses, worth some Rp 15 billion. (07)