PT Summarecon Agung Tbk (SMRA), through its subsidiary PT Serpong Cipta Kreasi (SPCK), is expanding its real estate projects in the Serpong Area, Tangerang Regency. SPCK aims to develop new projects on land plots owned and/or managed by SMRA’s affiliations, namely PT Variatata and PT Lestari Kreasi (LK). SPCK in collaboration with VT and LK, respectively, have agreed to establish two new companies to acquire land plots owned by VT and LK to expand and to maintain the continuation of projects in Summarecon Serpong area.