Indonesia > Real estate > Real estate
Real estate
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Under the leadership of Mita Djajadiredja and Harun Reksodiputro, highlights for Hadiputranto, Hadinoto & Partners include acting for an international department store chain on its proposed expansion in Jakarta and Surabaya. The practice also acted for the property vendor in a proposed REIT to be registered on the Singapore Stock Exchange. Notably, this was the second REIT involving Indonesian properties ever to have taken place. Regularly instructed on the finance side, clients include Standard Chartered and UOB Asia.
Hanafiah Ponggawa & Partners’s practice primarily focuses on foreign investor projects with a high level of cross-practice involvement with the project financing team. It also advises domestic clients as sellers, buyers, mortgagors and mortgagees. Past instructions include acting for Tomen in arranging the financing for the development of a commercial and residential tower complex as part of the Batavia City project. Fabian Pascoal and Andre Rahadian are the names to note.
Hutabarat Halim & Rekan had a particularly impressive year, advising Pikko Group on a number of matters, including the acquisition and development of Crystal Square, and on the development of Taman Ria Senayan, one of Jakarta’s prominent entertainment parks. The practice also acted for Loh & Loh Construction Indonesia in relation to the purchase of waterfront land in Batam. Pheo M Hutabarat and Nini N Halim are recommended.
The sizeable team at Makarim & Taira S. advised Cirebon Electric Power on the implementation of its construction services contract for the development of a coal-fired power plant facility. Rahayuningsih Hoed and Pudji Wahjuni Purbo are the main contacts, while Richard Cornwallis is recommended for hotel work and boasts a client list that includes Mandarin Oriental, Club Med, Aman Resorts and Ritz Carlton.
The practice at Soebagjo, Jatim, Djarot has a strong hotel and tourism flavour with past clients including the Marriott and Hilton hotel groups. Felix O Soebagjo is recommended.
Recent highlights for Soemadipradja & Taher saw the practice advising numerous joint ventures on lease agreements and Australian financial institution ANZ in relation to the lease agreement for ANZ Tower. Additional practice strengths include land acquisition. Linda Widyati and senior associate Retno Muljosantoso are recommended.
At Soewito Suhardiman Eddymurthy Kardono, Dyah Soewito recently led the team that represented Exxon Mobil on a 1,000 hectare land acquisition in Cepu, as well as advising McDonald’s and its Indonesian subsidiary, Bina Nusa Rama, in land acquisitions for over 100 franchise restaurant developments. Additional clients include investor Bali Bias Putih and geothermal company Mandala Nusantara.
Particularly active of late in the hotel and resort sector, Ali Budiardjo, Nugroho, Reksodiputro recently advised Kempinski Hotels and Sol Melia Hotels on management agreements. Regularly engaged in finance work, recent mandates have come from Gunung Sewu and Wachovia Bank. Theodoor Bakker is recommended.
Predominantly construction focused, the practice at Bahar & Partners offers experience advising clients involved in power plant and office block projects. Clients include Bekasi Power.
Particularly accomplished within the hotel resorts and tourism sector, Christian Teo & Associates continues to advise Raffles Hotel and Resort on management and land development issues. It was also instructed by Asia Pasifik Properti, a subsidiary of the Rekso Group, on ongoing residential projects. Christian Teo is recommended. Other clients include luxury resort chain Amanresorts.
Led by name partner Iqbal Hadromi, Hadromi & Partners regularly advises clients on significant sale and purchase of land transactions. Notable recent clients include Hilton Surfers Paradise Hotels & Residences and the Kuwaiti Embassy.
At KarimSyah, Iswahjudi Karim and Karen Mills continue to represent national and international construction companies in arbitrations and disputes with clients and sub-contractors.
Regularly instructed by developers, Kartini Muljadi & Rekan has experience acting on construction, finance and leasing matters. The practice has also been involved in hotel and tourism projects. Irianto Shalim is the name to note.
Timbul Thomas Lubis remains the main contact at Lubis Ganie Surowidjojo. The practice is noted for its construction expertise.
Headed by Indajani K Halim, Mochtar, Karuwin & Komar recently acted for S.Widjojo Building on the sale of $26m of assets to GSK, in addition to advising Hanjaya Mandala Sampoerna in the strata title purchase of five floors of an office building.
Sani, Aminoeddin & Partners advises clients on the construction and engineering aspects of housing, infrastructure and power plant projects, in addition to land acquisition and property finance.
Situmorang, Saragi & Partners receives instructions on industrial estate, hotel, apartment, retail resort complex development. Henry Togi Situmorang leads the practice.
Zaidun & Partners advises the likes of Patra Surabaya Hilton International Hotel on land ownership and rights issues.