Griya Tirta Asri Attracts Spanish Sanitary Companies for Industrial Estates in Banten

Kompas.com, 01/08/2019
Proyek 1
PT Griya Tirta Asri managed to attract new buyers to fill their industrial areas, Griya Idola Industrial Park (GIIP).

The buyer is a sanitary company, Roca Indonesia, based in Spain. They occupied industrial land located in the Bitung area, Tangerang Regency, Banten, covering an area of 7 hectares.

GIIP was developed by PT Griya Tirta Asri which is a subsidiary of PT Barito Pacific Tbk. The total land area reaches 50 hectares.

According to Colliers International Indonesia’s Senior Associate Director, Rivan Munansa, since it was built on March 24, 2015, GIIP’s land prices have risen 18 percent.

"At present the price of land in GIIP is at a position of Rp. 2.750 million per square meter," Rivan told Kompas.com, Tuesday (04/10/2016).

Unlike other industrial estates, GIIP does not only contain plots for industry, but also combined with various functions that support industrial needs.

GIIP also integrates industrial land with multipurpose warehouses, service centers, offices, workshops, shop houses, and retail space as supporting facilities. "There are also clean water and wastewater treatment facilities," Rivan added.

Regarding the performance of industrial estates in general in the third quarter of 2016, Rivan said, still had not shown an increase. Except for transactions booked by Griya Tirta Asri and PT Puri Delta Lestari Tbk for Greenland International Industrial Center (GIIC) in Cikarang, West Java, sales of industrial estate are very minimal.

In fact, several new industrial estates such as the 500 hectare Podomoro Industrial Park, managed by PT Agung Podomoro Land Tbk and Artha Industrial Hills owned by Artha Graha Network, covering an area of 390 hectares, have not been able to bring in new buyers.

Source : Kompas

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