Our company has announced plans to implement a large multifunctional project in Nusantara, the new capital of Indonesia. Construction will begin in 2025.
Igor Maximov, co-founder of the company, told Kompas.com:
We are creating a complex that will fully meet the needs of this unique place.
The project includes retail spaces and service apartments at the level of five-star hotels.
The new facility will be located on a 1,3-hectare site. A letter of intent was signed on August 8, 2024. The amount of investment has not yet been disclosed.
This project will be an important step in the development of the new capital of Indonesia and will strengthen Magnum Estate’s position as a leading developer of premium real estate in the country.