Kajima to step up urban development business

Kajima Corp. plans to expand its urban development project in Jakarta, starting with the construction of a large office building, Nikkei reported Tuesday (19/2/08).

The general contractor completed a large office building on Monday, and already plans to begin constructing a similar-sized office building late this year.

The 4 billion yen ($37.08 million) building, which is expected to be completed in 2010, is to have 28 above-ground floors and a total floor space of 62,000 sq. meters.

As soon as it receives government approval, Kajima also plans to build a hotel and a shopping mall in Jakarta.

"We aim to bolster our urban development business in Indonesia further by planning construction of new office buildings and hotels," Kajima president Mitsuyoshi Nakamura said.