Kuningan Center Lot 3 and Lot 5, Jakarta

Stories

Kuningan Center Lot 3 and Lot 5, Jakarta

01 The Deal

Address	Kuningan Center Lot 3 and Lot 5, Jakarta
Property type	Commercial Land
GFA (sqm)	6,043 sqm
Seller	PT Sentra Graha Sentosa
Buyer	PT Ekagrata Data Gemilang (a subsidiary of PT IndoInternet Tbk, a recently listed company with a trading name of EDGE, which 12.1% owned by Digital Edge (Hongkong) Limited)
Deal Structure	Asset Purchase

02 The Challenge

EDGE is looking for an affordable development site for a Data Center located within close proximity to the Jakarta Central Business District. The site must have a good accessibility but does not require exposure to the main road. The land zoning must be allowable for a data center. The land shape must be regular with a plot ratio of minimum 4. The location must have fibre-optic connection from 3 paths and power connection from 2 sources.

03 The Solution

Kuningan Center Lot 3 and Lot 5 which was originally planned for a small office development, perfectly meet EDGE’s requirements. It is rectangular in shape, located off the main road with good accessibility from several access points within the CBD which makes it possible to have multiple fibre optic connections. Both Lot 3 and Lot 5 have been allocated with a plot ratio of 4, as they are part of a superblock development which were surrounded by other land plots with higher plot ratio. The land price is very affordable due to its plot ratio. As part of the due diligence process, the government confirmed that the commercial zoning of the site can be developed for Data Center.

04 The Result

As a result, the team achieved satisfactory results through negotiations with the land owner on the detailed conditions requested by the client. The transaction concluded in a relatively short period.