SSEK Indonesian Legal Consultants Advises on Real Estate JV
SSEK recently acted as Indonesian counsel to a foreign sovereign wealth fund that specializes in real estate investment and management services in connection with a contemplated joint venture with JustCo, Singapore\'s largest co-working space provider, to develop co-working spaces across Asia.
Specifically for the Indonesian aspect of the transaction, the client sought to acquire a majority interest in an Indonesian entity - part of the Gunung Sewu Group - that operates in the Indonesian co-working space. SSEK performed due diligence on the Indonesian entity and advised on the relevant Indonesian laws.
Denny Rahmansyah, the supervising partner of SSEK\'s real estate practice, led the SSEK team advising on the transaction, with assistance from Nico A. Mooduto, Samuel Y. Abednego and Florianti K. Sjaaf, associates of the firm.