Published Nov 2, 2016, 10:39 AM
Japan-based real estate giant Mitsubishi Estate has signed an agreement to support the Daswin Project, an office building development project worth US$260 million in Central Jakarta.
The company will collaborate with manufacturing company and property developer Gesit Group and diversified conglomerate Santini Group to develop the project, which is slated for completion in 2020.
“The project is the first business opportunity for Mitsubishi Estate to develop an office building in Indonesia and Mitsubishi Estate fully intends to utilize the know-how of the Mitsubishi Group as a whole,” Mitsubishi said in a statement on Tuesday.
Mitsubishi Jisho Sekkei will be in charge of the architectural design, while Mitsubishi Jisho Property Management will advise the property’s management. Both companies are subsidiaries of Mitsubishi Estate.
The Daswin Project will be located on a 16,000 square meter (sqm) plot of land and will consist of a 46-storey grade A office building with retail and multifunction facilities on the lower floors, adding up to a total floor area of over 130,000 sqm.
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