PT Nestle to move

PT Nestle to move

JAKARTA (JP): Food producer PT Nestle Indonesia is to move its
office headquarters from the Metropolitan II building in Central
Jakarta to Arcadia Office Park in South Jakarta in January 1999.

Even though the move is still two years away, the 10-year
leasing agreement was signed between executives of the park and
Nestle Indonesia yesterday.

"Heavy traffic congestion, pollution and the high office rent
in the city's central business district have prompted us to move
to a better working niche," the group's president, Steven
Issenmann, said after the signing ceremony.

Arcadia is developing five 14-story office towers on a five-
hectare plot on Jl. T.B. Simatupang in South Jakarta. The project
is expected to be completed in mid-1998.

Nestle is to lease two of the five towers, which will be
equipped with facilities such as restaurants, banks, tennis
court, pool and fitness center for 10 years. (07)