In 1985, a building which prides itself on safety, efficient floor layout and many other cutting-edge functions was developed by Sumitomo in Jakarta (PT Summitmas Property / Summitmas I, II). This modern building attracted many foreign companies as their base in the country and we have successfully maintained their satisfaction. Riding on the back of a growing economy and increasing demand in commercial properties in Jakarta, we developed a second office building next to the first one in 1992 and launched warehousing business in 2017. Building on this success, which is marked by a 100% occupancy rate, we are now planning to develop a third one.
We will continue to seek opportunities in residential property development to meet the demand from an increasing middle class in Asia, as well as expand our existing commercial building business by leveraging our experience and know-how of operating properties in Asia.