PT Perintis Triniti Properti Tbk (TRIN) signed a land development MoU with PT Griya Kedaton Indah (GKI) in property development cooperation.

Property development will be carried out in two locations in Lampung. Its designation is a logistics park and residential area of ​​approximately 12 hectares and 40 hectares, respectively.

The development of logistics parks and residential areas is estimated to begin to be developed and commercialized in late 2021 or early 2022, with a logistics park development period of around 4-5 years and residential areas for eight years.

"After the MoU signed on June 15, 2021 is effective, the company will take corporate action to follow up on the MoU," said the President Director of Perintis Triniti, Ishak Iskandar, in the IDX information disclosure, Thursday (17/6).

He explained that the corporate action that will be carried out is a joint operation or transfer of land ownership to the company from p