Senayan office space to be ready in October: Developer<\/p>\n
JAKARTA (JP): The growing number of multinationals here are
\nexpected to be the main tenants of new office and apartment space
\nin Senayan, Central Jakarta.<\/p>\n
The director of property consultant First Pacific Davies,
\nMartin Steens, said an 18-story office built by PT Senayan
\nTrikarya Sempana, would be ready in October.<\/p>\n
Other tenants would come from companies moving out of
\nbuildings more than 10 years old, Steens said.<\/p>\n
"As offices grow they (managements) want to be more efficient
\nand have one space instead of having separate floors or an office
\nhere and there," said Steens, who is marketing PT Senayan's
\nproject.<\/p>\n
In the 30,400 square meters of leasable space, a floor will be
\nrented for US$18 to $50 per square meter and a monthly service
\ncharge of $7 per square meter. Also under construction is a
\nseven-story parking lot.<\/p>\n
PT Senayan, a joint venture of the Japan-based Kajima
\nCorporation, PT Aditya Wirabakti and the Senayan Sports Stadium
\nManagement Board, also built Plaza Senayan mall.<\/p>\n
Kajima, which owns 70 percent of the shares, is developer,
\ndesigner, contractor and property manager of the entire area
\nnamed Sentral Senayan I.<\/p>\n
The project will consist of twin apartment towers, a
\ndepartment store and hotel. It is based on a 40-year build,
\noperate and transfer agreement with the board, which is under the
\nState Secretariat.<\/p>\n
"The BOT agreement is for the land," Steens said.<\/p>\n
The board has a 10 percent share while PT Aditya, owned by
\nHasyim Djojohadikusumo and Titiek Prabowo, a daughter of
\nPresident Soeharto, has 20 percent.<\/p>\n
Hasyim is Titiek's brother-in-law.<\/p>\n
PT Senayan's president director, Masao Hashimoto, said the
\nproject would preserve 40 percent of the open space.<\/p>\n
The investment in the project, which began construction last
\nyear, was $800 million he said.<\/p>\n
Steens said a finance company had agreed to rent several
\nfloors of the new building, which is exempt from the three-in-one
\ncar policy.<\/p>\n
In January another property consultant, PT Procon Indah\/Jones
\nLang Wootton, estimated that the additional supply of office
\nspace here would reach 850,000 square meters in the next two
\nyears. Colliers Jardine reported last month that office stock
\nhere was 3,193,047 square meters in December.<\/p>\n
Steens said office rents would continue to rise given more
\ndemand and supply of office space. (anr)<\/p>",
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"sponsor": "Okusi Associates",
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