PT Argo Pantes

What PT Argo Pantes does

PT Argo Pantes Tbk is an Indonesia-based industrial real estate company that leases warehouse and Build-to-Suit (BTS) industrial facilities in Greater Jakarta, serving logistics operators, manufacturers, and consumer goods companies. Founded in 1977 by Mr. The Ning King as an integrated textile manufacturer, the company went public on the Indonesia Stock Exchange in 1991 (ticker ARGO) and completed a strategic business transformation in 2016, repurposing its textile manufacturing land and built assets into warehousing, distribution, and industrial leasing operations. By 2025, logistics and warehousing had become the company's primary growth focus.

The company's core offering consists of long-term warehouse and industrial lease agreements anchored by two mega-site properties: a 443,000 m² site in Cikokol, Tangerang, and a 199,560 m² site in the MM2100 Industrial Estate in Cibitung, Bekasi. Argo Pantes supplements these sites with BTS custom-built facilities, including a flagship IDR 120 billion project for J&T Cargo under a 10-year lease worth approximately IDR 221 billion (groundbreaking April 2026, completion targeted February 2027). The company also provides integrated supply chain solutions, facility management services, and tenant support. Underlying technology is described as 'Cutting Edge Technology' supporting speed, accuracy, and transparency, though no specific proprietary AI, software, or digital platform is disclosed.

Argo Pantes generates revenue primarily through long-duration, recurring lease payments (e.g., 10-year BTS agreements) and managed logistics services. The company employs a direct enterprise sales model targeting blue-chip tenants across logistics and e-commerce (J&T Cargo, Sicepat, Lazada Express), consumer goods (Coca-Cola Europacific Partners, Indofood Fritolay, Kino), F&B (Universal Robina), automotive (Kawasaki Motor, Astra Komponen), and tobacco (HM Sampoerna). FY2025 revenue reached IDR 112.3 billion (9.1% YoY growth), with leased warehouse area at 170,283 sqm (17.2% YoY growth) and a 99% occupancy rate. Argo Pantes is a subsidiary of Argo Manunggal Group, which provides access to a broader facility network spanning 20+ Indonesian cities.

Name

PT Argo Pantes

Legal name

PT Argo Pantes Tbk

Website

https://argopantes.com

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

11–50 employees

Short description

PT Argo Pantes is an Indonesia-based industrial real estate company that leases warehouse and Build-to-Suit logistics facilities in Greater Jakarta, serving logistics operators, manufacturers, and consumer goods enterprises across Southeast Asia.

Ownership category

akta.pro rank

Product category

Industrial Real Estate and Warehouse Leasing

NAICS

Warehousing and Storage (493), General Warehousing and Storage (493110)

SIC

Public Warehousing & Storage (4220)

akta.pro primary industry

Industrial & Logistics Property Management (BPAJAGAC)

Keywords

• Warehouse leasing
• Industrial real estate
• Logistics services
• Supply chain solutions
• Build-to-suit warehouses

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Others

Revenue model

1. Warehouse & Industrial Leasing: Long-term lease agreements for built-to-suit and standard warehouse facilities. Revenue is generated through recurring rental payments over multi-year contract terms (e.g., 10-year/120-month leases). Build-to-suit projects are custom-developed for tenants under lease agreements. The company aims to optimize land occupancy through long-term lease agreements to secure stable cash flows.
2. Logistics Services: Integrated logistics supporting activities including industrial asset management, warehousing, and distribution services. Since 2016, the company has been pivoting its core business toward logistics services, supporting logistics operators, land development, and supply chain management for customers.
3. Land Development: Utilization and development of strategic land assets in Tangerang and Bekasi for industrial leasing and logistics purposes. Asset optimization strategy leverages strategically located land for build-to-suit warehouse developments.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels9 records

Core offering

PT Argo Pantes leases warehouse and industrial space, develops build-to-suit warehouse facilities, and provides facility support services and integrated supply chain solutions to logistics and industrial tenants. Operations are concentrated in Indonesian industrial hubs, including Tangerang and Cibitung/Bekasi, with approximately 160,658 sqm of net leasable area reporting 99% occupancy.

Product overview

PT Argo Pantes operates as a warehouse and industrial leasing company offering multiple interconnected services. The core offering consists of warehouse leasing with properties in Tangerang (443,000 m² land area) and Cibitung/Bekasi (199,560 m²), supplemented by Build-to-Suit (BTS) custom warehouse construction. The company provides access to additional Group Facilities across 20+ locations throughout Indonesia, integrated supply chain solutions, and comprehensive facility support services. They serve diverse sectors including logistics, agriculture, industrial, lifestyle, and resources. The company has been transitioning from its original textile manufacturing business (1977-2016) to focus on logistics and warehousing since 2016.

Differentiator

Problem solved

Functional benefit

Products and services

• Warehouse Leasing Leasing of ready-built warehouse and industrial space to logistics, distribution, and industrial tenants across facilities in Tangerang and Cibitung/Bekasi, totaling approximately 160,658 sqm of net leasable area.
• Build-to-Suit Warehouses Custom-designed and constructed warehouse/industrial facilities delivered to tenant specifications in Indonesian industrial corridors.
• Facility Support Services Operational and maintenance support services for leased warehouse and industrial facilities, provided to tenants occupying Argo Pantes properties.
• Integrated Supply Chain Solutions End-to-end supply chain services integrated with warehouse operations for industrial and logistics tenants seeking combined real estate and logistics support.

Quantifiable outcome

• 99% annual occupancy rate across leasable warehouse portfolio
• +3 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

23 partnerships are on record, tiered core and minor.

• PT ACE Construction and Development (ACE United Group)coreImplementation/ SI/ Consulting Partner · 1 April 2026Phase-2 main contractor selected for the J&T Cargo Build-to-Suit warehouse project. ACE United Group is an international construction and engineering firm headquartered in Shanghai, China operating in over 30 countries with key Indonesian projects since 2009.
• J&T Cargo (PT Global Yimi Cargo)coreStrategic or Co-development Partner · 11 February 202610-year (120-month) lease agreement for a Build-to-Suit (BTS) warehouse. Total contract value of approximately IDR 221 billion. Groundbreaking commenced April 23, 2026 with targeted completion by February 2027. The warehouse will serve as a strategic pillar in J&T Cargo's logistics network within the Greater Jakarta (Jabodetabek) area. Project cost estimated at IDR 120 billion.
• FUMIRAminorStrategic or Co-development Partner · 30 November 2025Humanitarian aid partnership for West Sumatra disaster relief, dispatching roofing materials to support communities affected by natural disasters.
• Alam SuteraminorStrategic or Co-development Partner · 30 November 2025Humanitarian aid partnership for West Sumatra disaster relief, dispatching roofing materials to support communities affected by natural disasters.
• Lions Club Jakarta Millennium ManunggalminorStrategic or Co-development Partner · 3 February 2024CSR partnership for community service program 'Spreading Love and Caring for Others' held at Kelurahan Cengkareng Timur, West Jakarta, providing free health check-ups, blood tests, and distributing food supplies to residents in need.
• Lions Club International District 307-A1 Zone 17minorStrategic or Co-development Partner · 24 March 2021CSR partnership for 'Peduli Cancer' (Caring for Cancer Patients) program at RSUPN Dr. Cipto Mangunkusumo, Jakarta. Distributed care packages, nutritional support, and hygiene kits to young cancer patients.
• Lions Club International District 307-A1minorStrategic or Co-development Partner · 14 October 2020CSR partnership for flood relief efforts providing essential supplies including tarpaulins, food items, and clean water support materials for flood victims in Tangerang areas.
• Lions Club International District 307-A1minorStrategic or Co-development Partner · 16 January 2020CSR partnership for 'Feed The Hunger Movement Program – Egg-citing Day' distributing eggs and nutritious food packages to hundreds of local families in need across Tangerang and surrounding areas.
• PT Sicepat Ekspres IndonesiaminorOthersLogistics partner utilizing Argo Pantes warehousing and industrial facilities for express delivery and logistics operations.
• PT Lazada Express IndonesiaminorOthersE-commerce logistics partner utilizing Argo Pantes warehousing facilities for fulfillment and distribution operations.
• PT Syncrum Logistics IndonesiaminorOthersLogistics partner utilizing Argo Pantes' industrial leasing services.
• Coca-Cola Europacific Partners IndonesiaminorOthersEnterprise tenant occupying industrial leasing facilities.
• PT HM Sampoerna TbkminorOthersEnterprise tenant occupying industrial leasing facilities.
• PT JFE Engineering IndonesiaminorOthersEnterprise tenant occupying industrial leasing facilities.
• PT Astra Komponen IndonesiaminorOthersEnterprise tenant occupying industrial leasing facilities.
• PT Indofood Fritolay MakmurminorOthersEnterprise tenant occupying industrial leasing facilities.
• PT Universal Robina CorporationminorOthersEnterprise tenant occupying industrial leasing facilities.
• PT Kino Indonesia TbkminorOthersEnterprise tenant occupying industrial leasing facilities.
• PT Kawan Lama SejahteraminorOthersEnterprise tenant occupying industrial leasing facilities.
• PT Andiarta MuzizatminorOthersEnterprise tenant occupying industrial leasing facilities.
• PT Kawasaki Motor IndonesiaminorOthersEnterprise tenant occupying industrial leasing facilities.
• PT LF Services IndonesiaminorOthersEnterprise tenant occupying industrial leasing facilities.
• Argo Manunggal GroupcoreOthersParent group providing shared resources, brand identity, and access to group-wide facility network. Argo Pantes is a subsidiary of Argo Manunggal Group, which manages additional assets across Indonesia including facilities in Serang, Cikupa, Jakarta, Bogor, Bekasi, Karawang, Bandung, Demak, Salatiga, Semarang, Surabaya, and Banjarmasin.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• PT Kawasan Industri Jababeka: Indonesian industrial estate developer listed on IDX (KIJA) operating Cikarang and other Greater Jakarta industrial parks. Directly comparable to Argo Pantes as a landlord of industrial land and built factories/warehouses for manufacturing and logistics tenants.
• PT Bekasi Fajar Industrial Estate: IDX-listed industrial estate developer (BEST) focused on Bekasi, adjacent to Argo Pantes' Cibitung facility. Comparable as a Greater Jakarta industrial real estate provider targeting manufacturers and logistics tenants.
• PT Puradelta Lestari: IDX-listed developer (DMAS) of the Kota Delta Mas industrial and residential estate in Cikarang. Comparable to Argo Pantes in developing and leasing industrial land in Greater Jakarta, including logistics and manufacturing tenants.

Regional players

• PT Surya Semesta Internusa: IDX-listed (SSIA) Indonesian developer with industrial estate operations in Subang/Cikarang and hospitality. Comparable to Argo Pantes as an Indonesian industrial real estate landlord in the same geography, though with broader diversification including construction and hospitality.
• Modernland Realty: IDX-listed Indonesian property developer with industrial and residential components. Tangentially comparable to Argo Pantes' industrial leasing activities though primarily residential-focused and operating from a different base.

Broad incumbents

• ESR Group: Asia-Pacific logistics and data centre real estate platform with significant Indonesia presence. Comparable to Argo Pantes as a large-scale institutional warehouse landlord, though operates across a much broader regional portfolio and asset classes.
• Mapletree Logistics Trust: SGX-listed REIT owning logistics warehouses across Asia including Indonesia. Comparable to Argo Pantes as a landlord of modern logistics facilities targeting 3PL and e-commerce tenants in Asia, though operates at vastly larger scale and primarily through acquisition-led growth.
• LOGOS Indonesia: Asia-focused logistics real estate developer with Indonesian projects. Comparable to Argo Pantes as a competing modern logistics warehouse provider in the same Greater Jakarta market, though backed by institutional capital and larger development pipeline.

Others

• PT Sinar Mas Agro Resources and Technology: Indonesian conglomerate with diversified operations including industrial real estate and warehousing needs. Comparable to Argo Pantes as a major Indonesian business group that itself leases or develops industrial space, providing a useful comparable for tenant-side demand patterns.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/argo-pantes-tbk

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT Argo Pantes