PT Summarecon Investment Property entered into an agreement to acquire Kelapa Gading Mall 1, 2, 3 and 5, La Piazza and Gading Food City from Summarecon Agung tbk PT (JKSE:SMRA) for IDR 6.2 trillion on September 1, 2015. Assets that will be sold in Phase 1 transaction are “Kelapa Gading Mall 3”, “Kelapa Gading Mall 5”, “La Piazza” and “Gading Food City” for IDR 3.91 trillion and are expected to be closed by November 2015. Assets that will be sold in Phase 1 transaction are “Kelapa Gading Mall 1 and 2” for IDR 2.28 trillion and are expected to be sold by October 2019.