Jakarta, 17 November 2016
Lippo Group, through its subsidiary PT Lippo Cikarang Tbk (“LPCK”), the developer of the masterpiece integrated development Orange County on an area of 322 hectares in the East Jakarta Corridor hub, continues to commit to be a trendsetter for the city development.
There are five key infrastructures that will be the catalyst in the next five years’ growth in the East Jakarta Corridor, such as Patimban Deep Seaport, Kertajati International Airport, Jakarta-Bandung High Speed Train, Light Rail Transport (LRT) and Monorail which will connect Orange County with the seven industrial estates in Bekasi and its surroundings.
Orange County is strategically located between Jakarta and Bandung in the middle of seven other industrial estates. This strategic locationfits with the concept of Transit Oriented Development (“TOD”), where future transportation will be in conjuction with multiple activities in one location. This concept has inspired Orange County to develop the masterplan design for phase 1.
Phase I consists of Apartments, Hotel, Office, Shopping Centre, Retail and Commercial, Schools / Universities, Hospitals, Convention Centers, and other various supporting facilities, covering an area of 19.5 hectares.
This month, Orange County is welcoming Kengo Kuma, one of the world’s leading architects, as Phase 1 Masterplan Design Advisor. Kengo Kuma will cooperate with Mitsubishi Jisho Sekkei Inc,in designing the concept of “Livable City” in Orange County.
“We trust Kengo Kuma will bring a spectacular nuance to the overall phase 1 masterplan design inOrange County,” said Toto Bartholomeus, President Director of PT Lippo Cikarang Tbk.
“Kengo Kuma has been appointed as an architect who works on the National Stadium in Japan for Tokyo Olympics 2020. As an architect, Kuma is highly expert in mixing cultural heritage with modern materials and technology in a sculptural and phenomenal design,” added Toto Bartholomeus.
“Kengo Kuma and Mitsubishi Jisho Sekkei is a great team and the right one for developing phase 1 masterplan design for Orange County. They have an international reputation for being reliable, highly thought not only artistic and visual, but also to improve the quality of life of all inhabitants of the city” said Takashi Ito, President Director of Diamond Realty Investment Indonesia.
Koki Miyachi, General Manager, Architectural Design Dept. I, Mitsubishi Jisho Sekkei Inc. said that the concept of Livable City are Open space, Friendly, and Walkable with the focus on:
Orange County is a masterpiece integrated development of 322 hectares with a project value estimated at Rp250 trillion. It is dubbed as “The New California City” and provides 32-in-1 super complete facilities.
On Saturday, November 26th 2016, PT Lippo Cikarang Tbk will launch a Grand Preview of ‘Newport Park’, the second apartment tower developed in collaboration between Lippo Group and Mitsubishi Corporation at Orange County.
Currently, Newport Park is selling refundable Priority Pass (PP), at Rp 10 million per unit, and it is the first smart apartment in the East Jakarta Corridor that has a smart apartment features, such as the retina access security system, smart doorlock system, smart lighting, and has the potential to lease with yield reaching 20%. Thereare 1BR, 2BR and 3BR types with an area ranging from25 m2 to 97 m2 with prices ranging from Rp 450 million to Rp 2 billion.
Lippo Cikarang is an urban developement with a total area of more than 3.000 hectares (Ha) where industry forms its base economy. LPCK has succeeded in building more than 14,000 residences, with a population of 47,700 residents and 448,000 people working daily in 920 manufacturing companies spread out in the Lippo Cikarang industrial area.
LPCK is a subsidiary of PT Lippo Karawaci Tbk (“LPKR”). LPKR is the largest property company in Indonesia interms of total assets and revenue and is listed on the Indonesia Stock Exchange, and is supported by a strong land bank and solid recurring income. LPKR’s business comprises Residential / Township, Retail Malls, Hospitals, Hotels and Asset Management.
For further information please contact:
Dea Thamrin
Corporate Secretary PT Lippo Cikarang Tbk
021-8972484//021-8972488
Hong Kah Jin
Director PT Lippo Cikarang Tbk
021-8972484//021-8972488
