Jakarta, June 23, 2016— It is always a commitment of the Lippo Group and each of its subsidiaries to create quality products with the concept of “Human Oriented Project”. This commitment translated among others by PT Lippo Cikarang Tbk (“LPCK”), which is developing a masterpiece “Integrated Development Orange County” in the Eastern Corridor of Jakarta which covers an area of 322 hectares.
Based on this commitment, LPCK continue to strive to realize this, among others through the selection of a contractor whose quality is assured. Consequently today,a signing ceremony is heldbetweenLPCK, represented by Alwi Sjaaf-Chief Development Officer and PT Total BangunPersadaTbk (“TOTAL”), represented byJanti Komadjaja-President Director.
With the experience of building an international township in Cikarang 20 years ago, LPCK continuously improvesthe quality of it’sproduct and services. And through thorough research and a strict tender process, the final choice for project contractorwas awarded to TOTAL.
“We believe the achievements and reputation of TOTAL will support LPCK’scommitment to realize Orange County as a center of business activity and lifestyle, which will fulfill the aspirations of our global consumers. It should be added that one of our key selection criteria is that TOTAL isable to give a commitment to complete the first phase of the project in a timely manner,”said the Chief Development Officer of LPCK.
“The construction work for this phase is the initial step to build four residential towers. The first phase of the construction will begin in late July 2016 on the projects with a value of around Rp 1.5 trillion. Construction works on the residential towers will be implemented gradually with the target to complete from mid 2018 with full completion by theend of 2019, “said Alwi Sjaaf.
The masterpiece “Orange County Integrated Development” covers an area of 322 hectares with an investment value of Rp 250 trillion brings the concept of “The New California City” and will provide super facilities complete with 32-in-1 concept which will drastically change the ‘face’ of Cikarang currently, bringing it in line with many cities in the world with the best global standards, “added the President Director of PT Lippo Cikarang Tbk – Toto Bartholomeus.
The concept of “The New California City” implemented in Orange County Cikarang, also includes areas for Japanese Town, Korean Town, and China Town. To this day, its a fact that thousands of expatriates have resided and work in the area of Lippo Cikarang. This concept has proven to be an added value to each of our products, including this project, said Director / Chief Marketing Officer of PT Lippo Cikarang Tbk – Stanley Ang.
Orange County is a mega construction projects with a total building area of 16,500,000 squaremeters, consisting of the CBD area of Lippo Cikarang area of 82.3 hectares, withan area of 19.5 hectares for Phase One.
To provide comfort for the occupants, Orange County is designed with super complete facilities with a 32-in-1 concept, includingSky Park, Lippo Mall (390,000 square meters), Luxurious Residential, Shopping Street, Lippo 61 Plaza, Lippo 5* hotel (200 rooms), Service Apartment, Lippo Tower Office Building, Sky Lounge, Roof Top Bar, Zu Private Membership Club, Convention Center (7,000 attendees), Dali Hotel (400 rooms), Fine Dining, CinemaxxTheatre (10 studios), X-zone, Wellness Center , Grand Chapel (3,000 square meters), SOHO, Japanese Cultural Center, Korean Cultural Center, Senior Homes, Condotel, Green Belt Outdoor Recreation Area, Home Furnishing Center, Helicopter Service, Dormitory, SPH International, YPPH School, University Pelita Harapan, Japan College and Health City.
LPCK’s achievements and reputation as a property developer has proved that LPCK is an independent developer of urban areas with various facilities be fitting of an international standard city covering an area of approximately 3,000 hectares with an industrial area as its economic base. LPCK has successfully built more than 14,000 homes, with a population of 47,700 residentsand 448,000 people who work here daily for the 920 manufacturing companies spread throughout the Lippo Cikarang industrial area.
LPCK is a subsidiary of PT Lippo Karawaci Tbk (“LPKR”). LPKR isthelargestpropertycompanyin Indonesia interms of total assetsandrevenue and islisted on the Indonesia Stock Exchange, andissupportedbya strong land bank and solid recurringincome. LPKR’s businesscomprises Residential / Township, RetailMalls, Hospitals, Hotels and Asset Management.
Further information:
Dea Thamrin
Corporate Secretary
PT Lippo Cikarang Tbk
021-8972484/021-8972488
Hong Kah Jin
Director
PT Lippo Cikarang Tbk
021-8972484/021-8972488
