PT Angkasa Pura Propertindo ("the Company") was established based on Notarial Deed Maya Veronica SH., M.Kn. No. 9, 20 April 2016. The deed of establishment was approved by the Minister of Law and Human Rights of the Republic of Indonesia on 25 April 2016 with Decree No. AHU-0020770.AH.01.01. In 2016.
The Company's articles of association have been amended, most recently based on Notarial Deed Maya Veronica, SH., M.Kn. No. 31 dated 31 January 2020 concerning changes to the Company's Articles of Association. The amendment to the Articles of Association was approved by the Minister of Law and Human Rights of the Republic of Indonesia based on Decree No. AHU-0010748.AH.01.02.TUNE 2020 on February 6, 2020.
The Company's main business activities are conducting commercial property consultancy services at airports, commercial room management services at public airports, provision and management of commercial assets, construction services, management and supply of electric power at airports and the environment around airports, construction services as a requirement in the development, construction and maintenance of property and commercial facilities, as well as the provision of labor services for the purposes of managing, maintaining, maintaining and securing property and commercial facilities.
The company commenced commercial operations in August 2016, the parent company of the Company is PT Angkasa Pura II (Persero) and the ultimate parent entity is the Government of the Republic of Indonesia. At present, the Company is engaged in activities of construction services, security services, parking management, carwash, building management, and hotels.