34 firms sign up for German center in BSD complex
34 firms sign up for German center in BSD complex
TANGERANG (JP): Registration of 34 local and foreign companies
is confirmed for the eight-story German Center for Industry and
Trade in the Bumi Serpong Damai (BSD) housing complex here, the
center's president said yesterday.
Jochen Sauter, speaking at the topping-off ceremony of the
US$32 million construction project, said the businesses would
move in by the end of the year.
The ceremony marked the completion of the basic structural
work on the project, which is scheduled to be ready for occupancy
in September.
Among those present at the event were Minister of Research and
Technology/Chairman of the Agency for Assessment and Application
of Technology, Rahardi Ramelan, German Ambassador Heinrich Seeman
and former minister of agrarian affairs/chairman of the National
Land Agency Soni Harsono.
Twenty-two Indonesian firms, 10 German companies and two
Singaporean enterprises have signed up for space.
Local firms include Bank Bali, Bank Danamon, PT Asuransi
Allianz Utama Indo and NV Djawa Indah. Among the German companies
are Korsch Pressen GmbH, Roedl & Partner, Steinbrenner Import &
Export and Taprogge GmbH. The Singaporean businesses are Rinol
Asit Pte. Ltd. and Klockner Moeller Asia Pacific.
"The German center has introduced new rental terms in line
with the general market trends in Greater Jakarta," Sautter told
The Jakarta Post after the ceremony.
He said the center leased space in U.S. dollar-denominated
rates which would be pegged according to a particular rupiah
conversion.
"The pegged rate itself, however, will be set at a
shareholders meeting tomorrow. I hope the dollar will be pegged
at Rp 5,000," Sautter said.
Rahardi said in his speech that the center was an outstanding
opportunity for German companies to establish a footing in the
country's market.
"Germany is supporting Indonesia to overcome the current
economic crisis and proceeds with this prestigious project," he
said.
The center, which also provides information for businesspeople
who want to establish ventures in local markets, can function as
a bridge between German and Indonesian companies.
The building, called the German House, is built on 15,000
square meters. It will also be equipped with a business center
and rooms for conference and presentations.
Total space available is 24,900 square meters, of which 17,000
square meters will be leased out on two-year minimum terms.
Construction by PT Econ Construction was supervised by ICM of
Germany. At least 50 percent of materials were imported from
Germany. (ind)