Keppel Land is set to redevelop Tower 2 of its Barclays House complex in Jakarta’s central business district, the property giant announced yesterday.
Indonesia’s booming economy has led to increased demand for office space and Mr Ang Wee Gee, executive director and chief executive officer (international) of Keppel Land International Limited, said: “Our new office tower will meet the demand of tenants seeking well-designed and sustainable buildings in Jakarta’s central business district.”
The 10-storey Tower 2 of Barclays House can be redeveloped into a 40-storey building with a maximum gross floor area of 56,000 square metres. The building was completed in 1985. The redevelopment is expected to take three years and will cost about Rp $636 billion ($95 million).
Upon its expected completion in 2014, the new tower will comprise of larger floor plates and green features – which include high-efficiency mechanical and electrical equipment as well as energy and water saving fixtures.
Barclays House has a total net lettable area of 38,093 sq m. The property is located amid five star hotels, embassies and popular shopping centres in Jakarta’s Jalan Sudirman.
“We are confident that Keppel Land’s commercial properties will continue to be the preferred business address of major financial institutions and multi national corporations, Mr Ang added.
Source : Today – 6 Sep 2010