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Since its founding,
the Company has remained focused on its main business, which is
developing and managing prime property in Jalan M. H. Thamrin, Jakarta.
In 2004, the Company recommenced the Extension Project which has
been halted in 1998 due to the country's economic crisis. This development
will include a retail extension to the Plaza Indonesia Shopping
Center, a 48- storey residential building and a 47- storey office
tower. Having updated the project design in 2004, the construction
is scheduled to resume in 2005.
PT Plaza Nusantara Realti, a subsidiary of PT Plaza Indonesia Realty
Tbk with 81.73% ownership, opened "EX", an entertainment
center on its land in Jalan M. H. Thamrin, Jakarta in February 2004.
This Entertainment Center provides a wide selection of upscale entertainment
and lifestyle facilities, and a strong commercial synergy with Plaza
Indonesia Shopping Center and Grand Hyatt Jakarta. |
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