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Jaya Real Property to rebuild razed Senen building

| Source: JP

Jaya Real Property to rebuild razed Senen building

JAKARTA (JP): Publicly-listed PT Jaya Real Property will begin
rebuilding Block IV and V of Senen shopping center in June, the
company's executive director said yesterday.

The old center was destroyed by fire in November last year.
Executive director Tanto Kurniawan said the new center would be
better designed, use higher quality materials and have a better
safety system.

"The new building will accommodate traders whose kiosks were
burnt down by fire," Tanto said, stressing that no newcomers
would be allowed to occupy the new building.

He said the company would need between six and eight months to
completely restore Block V, but would take longer to rebuild
Block IV, which was totally destroyed. He said completion on
Block IV was expected by late 1998.

Tanto declined to reveal the cost of reconstruction but said
he expected insurance compensation would cover the expenses.

"The two buildings were insured for Rp 43 billion (US$18
million) by a consortium of local insurance firms," he explained.

Both blocks were managed by Jaya Real Property, a subsidiary
of the PT Pembangunan Jaya, 40 percent of which is owned by the
municipality.

There were about 300 kiosks in the four-story Block IV and 900
in the eight-story Block V before the fire.

Jaya Real Property also planned to start building another 599
makeshift kiosks to accommodate hundreds of electronics and car
spare-parts traders whose shops were burned down.

Tanto said Jaya Realty had finished setting up 240 makeshift
kiosks in the center's parking lot for clothing, bag and textile
traders, as well food sellers.

"Traders only have to pay between Rp 2,500 and Rp 3,100 per
kiosk per day," he said.

About 750 shops were razed by the fire, which lasted 17 hours.
Lack of water sources, small alleys and many types of rolling
doors were among difficulties faced by firefighters.

According to the Central Jakarta mayoralty, there were 786
traders who rented a total of 1,389 kiosks in Senen shopping
centers, with many traders renting more than one unit.

"Due to the limited space, each kiosk owner will be given only
one makeshift kiosk, provided they have signed and paid the
contract," he said, adding that kiosk owners would stay at the
new kiosks until the end of their terms.

Tanto called on kiosk owners to pay more attention to safety
guidelines. "The building's safety is also their responsibility.
That's why we ask each kiosk to have a fire extinguisher," he
added. (04)

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