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Wisma Soewarna greets investors upon arrival

| Source: JP

Wisma Soewarna greets investors upon arrival

JAKARTA (JP): In an effort to attract foreign investors,
Minister of Communications Agum Gumelar inaugurated on Tuesday
Wisma Soewarna, a first-class integrated commercial estate at
Soekarno-Hatta International Airport.

"The new building will hopefully provide a much needed
stimulus for the Indonesian business community and give a good
impression to foreign investors as it is located near the
airport, Indonesia's gateway to the world," Agum said while
addressing the opening ceremony.

Present at the ceremony were Soenaryo, the director general of
Air Transportation, Mishul Firdaus, the president director of
airport management firm PT Angkasa Pura, and Irawadi D. Hanafi,
the president director of business complex developer PT.
Sanggraha Daksamitra.

Wisma Soewarna, Indonesia's first integrated commercial estate
located in the Soewarna Commercial Park area at Soekarno-Hatta
International Airport in Cengkareng, West Jakarta, was
established to help businesspeople make and maintain foreign
business contacts with internationally integrated commercial
estates.

"The commercial complex was designed according to
international standards and will cater to distribution and
trading companies, airport support businesses and light
manufacturing or assembly industries," Irawadi said.

Soewarna Commercial Park occupies a 102-hectare area and was
developed with a budget worth US$30 million by PT. Sanggraha
Daksamitra, a joint venture comprising Nisso Iwai Corporation of
Japan and a consortium of local property developers, which
recently completed the Four Seasons Regent Residence in Central
Jakarta.

Wisma Soewarna is a three-story office block, occupying a
6,000-square-meter area within the park, equipped with a fiber
optic telecommunications system, parking area, gardens and other
supporting facilities, such as a food court, mosque and a bank
with an ATM.

Besides Wisma Soewarna, the park has three other major
facilities: a 24-unit warehouse complex with sizes starting from
300 square meters to be leased out for US$8 per square meter, a
64-hectare 18-hole golf course and 17.5 hectares of cleared land,
which is available to be leased from 10 to 20 years at between
$2.40 and $12 per square meter.

Sanggraha general marketing manager Ishak Chandra said 50
percent of the office space at Wisma Soewarna was leased, while
the warehouse was completely leased. He said another four
investors had registered for an additional warehouse complex
which would be constructed this year. Meanwhile, the golf club
has been in operation since early 1999.

"Given its direct access to the airport cargo terminal and the
toll road and the fact that it's only some 20 minutes from both
Jakarta's central business district and Tanjung Priok seaport,
the business park is an attractive medium for foreign investors,"
Irawadi said.

"Companies which have leased facilities at the park, include
freight forwarding companies: TNT Express, Tiki JNC, Danzas, K-
Line, Ritra Cargo, Petrolog and Tabitha, and travel agency Vaya
Tour," he said.

The presence of the park, he said, would enable Indonesia to
offer facilities and services comparable to those offered by
other leading modern business locations in the ASEAN region, such
as Chek Lap Kok in Hong Kong, Clark Special Economic Zone in the
Philippines and Sultan Abdul Aziz Shah International Airport in
Kuala Lumpur, Malaysia. (09)

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