Sudirman project offers lots

Sudirman project offers lots

JAKARTA (JP): PT Danayasa Arthatama, a company developing the Sudirman Central Business District (SCBD) in South Jakarta, will participate in next week's Hannover Fair '95 to invite international investors to erect buildings on its 'superblock'.

"We will offer 17 of our 25 lots in the SCBD to international investors attending Hannover Fair '95 in Germany between April 2 and April 8," the company's president, Nasroel Chas, said on Tuesday.

Danayasa Arthatama, a wholly-owned subsidiary of the publicly- listed PT Jakarta International Hotel Development, will be one of about 100 Indonesian companies to take part in the fair, which will be jointly opened by President Soeharto and German President Roman Herzog.

Nasroel said that eight buildings were currently being constructed in the SCBD, the first superblock to be developed in the city: the Jakarta Stock Exchange Building, Bank Artha Graha Tower, Casabella Court Apartments, Jakarta Financial Tower, Jakarta Conrad Hotel, Jakarta Omni Hotel, Jakarta Twin Tower and a hospital.

"On the 17 lots, each with an area of between 6,000 square meters and 2.58 hectares, investors may establish office buildings, shopping centers, apartments, hotels or any other business facilities," he said.

He said investors could enter into joint ventures with Danayasa Arthatama in establishing a property on the superblock.

His company would use the land it has developed as its equity participation in such joint ventures, he said.

Nasroel said that 30 percent of the 45-hectare business district had been set aside for the development of infrastructure, 80 percent of which had already been completed.

He estimated that the development of the business district would cost almost US$3.6 billion and would take 17 years. (riz)