Strategic Property Investors Company Limited entered into binding investment agreement to acquire PT Central Pesona Pala and Pullman Jakarta Central Park from PT Agung Podomoro Land Tbk (JKSE:APLN) on February 23, 2017. Strategic Property Investors Company Limited will acquire all shares of PT Central Pesona Pala and assets of Pullman Jakarta Central Park. In a related transaction, PT Agung Podomoro Land Tbk will subscribe unit of Strategic Hospitality Real Estate Investment Trust. Strategic Property Investors Company Limited cancelled the acquisition of PT Central Pesona Palace and Pullman Jakarta Central Park from PT Agung Podomoro Land Tbk (IDX:APLN) on February 23, 2018.