Senayan management draws up new land use contracts
Senayan management draws up new land use contracts
JAKARTA (JP): The management of Senayan sports complex has set
a Nov. 12 deadline to finish drafting new contracts which it will
refer to in a series of negotiations with 14 companies now
occupying its land.
Vice chairman Agung Laksono said on Friday that a team of
three experts are drawing up the contracts that will enable the
management to extract more money from tenant companies on its
land.
The team consists of renowned banking analyst I Nyoman Moena,
economist Winarno Zein and the assistant to the State Minister of
Youth Affairs and Sports, Imam Sujudi.
"As soon as they finish with the contracts, we'll ask our
legal and business consultants to start negotiations," said
Agung, who is also the State Minister of Youth Affairs and
Sports.
The management has appointed the University of Indonesia's
Finance Management Institute as its business consultants and Nono
Makarim Association as its legal consultants.
"We have to work fast. We don't have much time left," Agung
said.
Agung said on Wednesday that Hotel Mulia Senayan topped the
priority list of companies targeted in the bid to raise more
revenue. Under the present contract, the five-star hotel which
accommodated participants of the 19th Southeast Asian Games here
last year is obliged to pay the Senayan management a mere Rp 90
million in annual royalties.
The other 13 companies targeted are PT Senayan Trikarya
Sempana (the owner of Plaza Senayan), PT Senayan Trikarya Graha
(Senayan Apartments and Offices), PT Adya Bintang (now
constructing a hotel), PT Sinar Kemala Intermetro Golf (Senayan
golf course), PT Adil Andaru (Senayan golf driving range), PT
Lingga Hamparan Krida (Hotel Atlet Century Park), PT Rajuli Adi
Senayan (now constructing a McDonald's restaurant), PT
Indobuildco (Jakarta Hilton Convention Center and Jakarta Hilton
International Hotel), PT Waskita Mustika Indah (now constructing
Senayan Tower), Senayan Holding Pte. and PT Wantas Perkasa Waya
(project postponed), PT Terminal Builders (Panin Bank Building)
and PT Ratu Sayang (Ratu Plaza).
A source who requested anonymity said on Friday that the
Senayan management had earned only Rp 150 billion (US$16.7
million) in royalties since it first leased plots of land out to
private companies almost 30 years ago.
"That's not enough," he said, adding that the funds had been
under the exclusive control of executives on the management
committee. (yan)