Key Points
- Keppel Land will unlock value from its Barclays House complex in Jakarta's CBD through the redevelopment of one of its two buildings.
- The existing 10-storey building, which was first completed in 1985, can be redeveloped into a 40-storey tower with a maximum potential gross floor area of about 56,000 square metres (sm) (approximately 600,000 square feet).
- The redevelopment, which will take about three years, is estimated to cost about Rp 636 billion (S$95 million).
- Upon its targeted completion in early 2014, the new tower will be state-of-the-art with larger floor plates and green features such as high-efficiency mechanical and electrical equipment, energy saving lighting and fixtures with sensors to monitor water consumption.
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