Developer promotes offices in Kuningan

Developer promotes offices in Kuningan

JAKARTA (JP): Ever thought of owning your own office building,
with your company's logo, in the highly prestigious Kuningan
area?

The developer of the Kuningan Office Park is offering that
chance to medium-sized companies, local or foreign, at prices its
marketing agency guarantees to be competitive.

PT Kharisma Mandrasakti, a subsidiary of Prasidha Group, began
the construction on Thursday of a number of buildings, which it
plans to sell later with facilities, including elevators and
parking space.

"This is a whole new concept. A company can own a building we
build and design at a competitive price," Andreas Wiyono, an
executive from Koll Ipac, the marketing agency for the project,
told The Jakarta Post.

The developer is aiming in particular at middle-size and
growing companies which are looking to set up headquarters.
Instead of taking up two floors in some towering building, they
can own their own building at affordable prices.

Besides the towers, Kuningan Office Park will have a number of
smaller units, seven to 15 floors in size, that will be available
for sale.

Andreas declined to state the prices of the buildings.

"The company will not be buying just the building, but the
land as well," he explained.

Elaborating on the concept, he said the buyer will obtain hak
guna bangunan, a title that grants the holder the right to
construct and own a building on a piece of land for a period of
20 or 30 years. The right is renewable at the discretion of the
local authorities.

This, he said, means that foreigners can buy the right.

The concept is different from the scheme of buying space in
some high rise buildings in which the facilities, such as
elevator and parking space, are collectively owned.

Under the Kuningan Office Park concept the buyer will own the
building and all its facilities. "The surrounding roads are
regarded as public facilities," Andreas said.

When completed, the Kuningan Office Park will consist of 20
buildings, with sizes ranging from 2,000 to 7,000 square meters.

In the first phase of the project, which was launched on
Thursday, the developer will build six buildings on a three-
hectare plot of land. Construction should be completed within two
years, Andreas said.

The idea for the concept came from Jeffry Sanusi Soedargo, the
vice president of the Prasidha Group and managing director of the
company's real estate and property division.

"What happens to companies like ours -- growing companies,
having a need to consolidate in one location and yet maintain an
identity?" he once mused. (yns)