Grand Colaboration between Agung Podomoro Group & Fukuoka Consortium

We are thrilled to support Agung Podomoro Group (through its subsidiary) in forming a strategic partnership with the Fukuoka Consortium, which comprises leading Japanese companies, Bika Co., Ltd., Kyushu Leasing Service Co., Ltd., and Shinoken Group Co., Ltd. to accelerate the development of Kota Podomoro Tenjo, a growing satellite city in West Java.

This partnership marks not only a significant investment collaboration but also a platform for technology transfer, design innovation, and the adoption of sustainable development practices. Together, the parties aim to deliver high-quality housing solutions through the launch of two new residential clusters: Edelweiss (premium segment) and Mahogany (deluxe segment).

The Hendra Soenardi team advising on this transaction was led by Partner Raisa Rishya Renald Rinaldi, Senior Associate Livia Handria, Associates Clara Luciana and Zoar Christian, with strategic guidance from our Senior Partner, Soenardi Pardi.

Congratulations to Agung Podomoro Group and the Fukuoka Consortium on this important milestone in strengthening Kota Podomoro Tenjo’s position as a modern, affordable, and sustainable city, while contributing to Indonesia’s long-term economic growth.