Barito Pacific Develops Industrial Estates in Tangerang

Kompas.com, 01/08/2019
 
Stimulating the high interest in industrial estate and warehousing, the business empire initiated by Prajogo Pangestu, PT Barito Pacific Tbk, developed the Griya Idola Industrial Park (GIIP) in the Bitung area, Tangerang Regency, Banten.

According to Senior Associate Director of Industrial Services Colliers International Indonesia, Rivan Munansa, GIIP was developed through a subsidiary of PT Barito Pacific Tbk, namely PT Griya Tirta Asri which is the property business wing.

"The area of land developed is around 50 hectares.
In it not only plots for industry, but also combined with various functions that support industrial needs, "Rivan said to Kompas.com, Tuesday (04/07/2015).


GIIP, continued Rivan, is different from other industrial areas. This property integrates industrial land with multipurpose warehouses, service centers, offices, workshops, shop houses, and retail space as supporting facilities.

GIIP is also equipped with clean water and wastewater treatment facilities.

"In addition, it accommodates the needs of three to four tenants as a major anchor, and places an area to be developed with a built-to-suit scheme or built according to the specific needs and demands of prospective tenants," Rivan said.
There are also rental prices for warehouses and industrial plots, according to Rivan, not much different from other industrial areas in East Bekasi, Cikarang, and Cilegon.

For your information, according to the Colliers International Indonesia study, the price of industrial land in Bogor reached an average of 169.3 US dollars per square meter, in Bekasi around 222.5 US dollars per square meter, in Tangerang 152.3 US dollars per square meter, in Karawang 185 US dollars per square meter, and in Serang around 132.8 square meters. This price is outside the management fee.

In general, business in industrial estates in Jadebotabek, and Serang-Cilegon, in the first quarter of 2015 were relatively stable. Its growth is still positive. This can be seen from the sales performance of 26 percent of total sales in 2014 which reached around 1,300 hectares. "The level of demand is still high on the one hand, while on the other hand supply is limited, especially in the eastern region of Jakarta.

It is not surprising if some developers expand land for industrial estates, "said Associate Director of Research at Colliers International Indonesia, Ferry Salanto.

Ferry continued, the demand for this year is no longer driven by the automotive sector, but the goods consummer sector with a portion of 35.45 percent, food and beverages 17.22 percent, building materials 13.87 percent, chemicals 10.06 percent, and heavy equipment 9.25 percent.

The automotive sector alone accounts for 6.94 percent. During the first quarter of this year, land expansion came from Bekasi Fajar Industrial Estate covering an area of 50 hectares. Next year, said Ferry, there will be many more stocks ready to be introduced to the market.

Source : kompas.com

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