Jababeka and PP Properties work on Riverview Project
Kawasan Industri Jababeka, Tbk (KIJA IJ) and PP Properti, Tbk (PPRO IJ) agreed to build simultaneously market the project apartment Riverview Residences and Commercial Riverwalk Park. It was proved by signing the cooperation agreement conducted by the President Director of Jababeka Liman Budianto, Director Jababeka Suteja Sidarta Darmono, and President Director of PP Properti Taufik Hidayat. In the agreement, the two sides agreed to prepare all that is necessary to support the implementation of a marketing and construction of Riverview Residences and Commercial Riverwalk Park.
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President Director of PP Property, Taufik Hidayat said, the cooperation is expected to be able to bring a positive impact to the performance of both parties. Moreover, the two parties have competence in their respective fields who can deliver the product in accordance with the needs of consumers. PP Properti already experienced in developing products with the concept that can attract the interest of consumers. While the Jababeka also have competence in the field of positive development of industrial areas. These synergies are expected to provide products that match the needs of consumers in Jababeka industrial area.
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“The construction of the apartments will strengthen the position of PP Properti as the leader in the segment of the middle class. This cooperation will contribute to the achievement of target marketing set PP Properti, i.e. by 30%. We see the year 2016 it will be better in income for PP Properti with building mega projects in Jabodetabek and areas such as Surabaya and Semarang, where the need is high and high school classes are being developed, “he explained.
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For 26 years, the Jababeka industrial area has developed into a self-contained city that offer primary fulfilment and lifestyle as well as environmentally friendly. Currently, the area of the Jababeka, Cikarang, including will reap the positive impact of the Government’s macro-planning infrastructure. For example, KRL Commuter Line is planned to stop at the station Cikarang in 2017, plan routes for Light Rapid Transit (LRT) starting from Balaraja (Tangerang) and Cikarang (Jakarta), and the opening of new toll access at Cikarang in the year 2016.
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Positive impact of the Government’s infrastructure planning it is expected to boost the value of the property and the facilities in the area. On the basis of these, the two sides agreed to establish partnerships and synergies of effort by mutually beneficial principle in the development and enhancement of the business activities of the two parties. The two sides also agreed to immediately establish a joint venture structure so that the entire plan and coordination as well as various studies that cover financial, operational, technical, commercial, and others can run smoothly.
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Director of Jababeka, Suteja Sidarta Darmono reveals, that cooperation in the project apartment Riverview Residences and Commercial Park Riverwalk this be the first step for both companies in developing mutually beneficial cooperation in the future. “The vision of the Jababeka is developing like a self-contained city 100 which has been successfully achieved in Jababeka Cikarang. We are proud to be working with PP Properti which is a State-Owned Company in the property sector which is trusted to develop further the city’s Jababeka Cikarang, “explained Suteja.
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