Bhuwanatala Indah Permai
Indonesian listed property developer and real-estate group with office, hotel, apartment and mall assets.
Last updated September 26, 2026
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Overview
PT Bhuwanatala Indah Permai Tbk (commonly abbreviated BIPP) is an Indonesian property and real-estate company. It was established in 1981 under the framework of Indonesia's domestic investment laws, with its deed of establishment dated 21 December 1981, and it later became a publicly listed company (Tbk). Its head office is at Graha BIP on Jl. Gatot Subroto Kav. 23 in South Jakarta, which is also one of its own office properties. The company operates across several real-estate segments. Its portfolio includes office space for lease — notably Graha BIP and The Victoria — as well as hotels and apartments such as Cross Paasha Seminyak Bali, Cross Vibe Paasha, Atelier Paasha Resort Nusa Dua, Hotel Studio One and Apartemen Sinabung. It also lists other assets including Mall Star Square Manado and Citra Maja Raya 2. This mix positions BIPP as a diversified property owner, developer and manager rather than a single-asset landlord. As a listed issuer, BIPP maintains the usual corporate-governance apparatus: a Board of Commissioners (Dewan Komisaris), a Board of Directors (Dewan Direksi) and an Audit Committee, and it publishes annual reports, financial statements, prospectuses, share information and corporate-action disclosures. Its governance and investor-relations functions are handled through a corporate secretary contact at its Jakarta head office. BIPP's brand identity is tied to its property assets and to its role as a listed Indonesian real-estate group. Its website presents the company's history, vision and mission, milestones, management team, corporate structure, subsidiaries and asset locations, and it offers downloadable annual reports and financial statements. The company continues to operate and to hold shareholder meetings, including general meetings of shareholders announced for 2026.
History
PT Bhuwanatala Indah Permai Tbk was originally established within the framework of Indonesia's Domestic Investment Law No. 6 of 1968 in conjunction with Law No. 12 of 1970. Its deed of establishment, Act No. 165, is dated 21 December 1981 and was drawn up before Notary Koswara, SH. The deed received approval from the Minister of Justice of the Republic of Indonesia through Decision Letter No. C2-4821.HT.01.01.Th.83 dated 29 June 1983, and was announced in the State Gazette of the Republic of Indonesia No. 12 dated 10 February 1989, Supplement No. 204. The company's Articles of Association have been amended several times, most recently by Act No. 52 dated 30 November 2012 before Notary Edi Priyono, SH, concerning amendments to the Articles of Association. That deed was ratified by the Minister of Law and Human Rights of the Republic of Indonesia. Over time BIPP became a publicly listed company (Tbk) and built a diversified property portfolio. Its assets span office space for lease, including Graha BIP and The Victoria; hotels and apartments such as Cross Paasha Seminyak Bali, Cross Vibe Paasha, Atelier Paasha Resort Nusa Dua, Hotel Studio One and Apartemen Sinabung; and other holdings including Mall Star Square Manado and Citra Maja Raya 2. The company maintains a corporate structure with subsidiaries (entitas anak) and a governance framework comprising a Board of Commissioners, a Board of Directors and an Audit Committee. As a listed issuer, BIPP publishes annual reports, financial statements, prospectuses, share information and summaries of financials, and discloses corporate governance, CSR and corporate-action information. It holds annual and extraordinary general meetings of shareholders; a notification for a general meeting dated 24 June 2026 and an announcement of an extraordinary general meeting scheduled for 25 September 2026 appear on its website. Its head office remains at Graha BIP, Jl. Gatot Subroto Kav. 23, Jakarta.
- 2026
Notification of General Meeting of Shareholders dated 24 June 2026; announcement of Extraordinary General Meeting of Shareholders scheduled for 25 September 2026.
- 2025
Annual and Extraordinary General Meeting of Shareholders 2025 held; BIP 2025 Annual Report published.
- 2012
Articles of Association amended by Act No. 52 dated 30 November 2012 before Notary Edi Priyono, SH.
- 1989
Establishment announced in the State Gazette of the Republic of Indonesia No. 12 dated 10 February 1989, Supplement No. 204.
- 1983
Deed of establishment approved by the Minister of Justice of the Republic of Indonesia via Decision Letter No. C2-4821.HT.01.01.Th.83 dated 29 June 1983.
- 1981
Company established by deed of establishment Act No. 165 dated 21 December 1981 before Notary Koswara, SH.
Products and positioning
Diversified Indonesian listed property owner, developer and manager spanning office, hospitality, residential and retail assets.
Graha BIP
The Victoria
Cross Paasha Seminyak Bali
Cross Vibe Paasha
Atelier Paasha Resort Nusa Dua
Hotel Studio One
Apartemen Sinabung
Mall Star Square Manado
Citra Maja Raya 2
Sources5 sources
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