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Joint Ventures | Investment
Buana Pacifik International | Buana Pacifik International Successfully Completes Land Acquisition
01.10.2011

In Q4 2011, Buana Pacifik International (BPI) successfully acquired a 15,193 m2 land bank located in Gatot Subroto and within close proximity to Jakarta’s Golden Triangle; the hub for business in Indonesia. As the property’s dedicated developer and principal representative for the group of vastly experienced investors backing the project, BPI upon completing the land acquisition process commissioned a feasibility study undertaken by Colliers International; a leading global real estate firm that specialises in commercial property. Drawing upon the conclusive findings of the study which emphasised the property’s advantages in appealing to the affluent subset of the population, this strategically located land plot was earmarked for the construction of a mixed use high rise complex titled Gayanti City and headlined by two luxury residential towers.

In catering to professionals looking for both premium office space and upscale apartment living, Gayanti City is well suited to Gatot Subroto, an area of Jakarta presently being targeted by a host of notable developers as a prime location for high end commercial property. Offering convenience and accessibility to thriving pockets of business activity in Sudirman, SCBD and Kuningan; Gatot Subroto has recently seen an uptick in the number of projects breaking ground with plans to open high end offices, apartments, hotels and entertainment centres in the near future. The establishment of properties such as Gayanti City, The St. Regis Jakarta (a mixed used complex developed by Rajawali Group) and a premium office building to be developed by PT Realindo Sapta Optima, is indicative of a movement amongst Indonesia’s foremost property companies to transform Gatot Subroto into the premier destination for luxury driven consumers and builds for a positive long term outlook for investment in the area.

Buana Pacifik International