PT Pollux Aditama Kencana, a wholly owned subsidiary of the publicly listed property developer PT Pollux Properti Indonesia Tbk, is making headway to complete a 300.000 m2 mixed use development which would be the largest and tallest integrated development located in Cikarang, West Java.
The development comprises of four towers of 45 stories condominium tower, a shopping mall, two blocks of office tower, a four-star hotel and a hospital tower. PT Pollux Properti Indonesia Tbk is Indonesia’s leading property developer, listed in the Indonesia stock exchange, with a market capitalisation exceeding US$4 billion.
“With the inauguration of the East and West Office Tower, the development is ready to provide full support to the business community in West Java, particularly those who are working at Cikarang.
“Cikarang is home to thousands of multinational corporations with manufacturing facilities, and after the pandemic is over, we are confident that these spaces will be fully leased,” said Ex-Chief of Indonesia National Police Force, Gen. (ret), Timur Pradopo, who is also Pollux Commissioner, in a statement.
Pollux Chadstone CEO, Yanto Zefania, said, “That this is a very challenging times but it is critical to be well prepared for the property upcycle after the pandemic is over.”
Yanto strongly believes that property investors should look at longer term horizon as Indonesia is predicted to be the fourth largest economy in the near future. He stresses that he has been working hard together with all stakeholders including the development of main banker, Bank BTN, which has been very supportive to complete this US$500 million worth mega-superblock project — the largest of its kind in West Java, Indonesia.