October 18, 2022
Japan Overseas Infrastructure Investment Corporation
For Transport & Urban Development (JOIN)
JOIN Supports the Urban Development Project– Central Park Project – in West Jakarta City, Indonesia
Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN)
received approval from the Minister of the Land, Infrastructure, Transport and Tourism of Japan, toinvest up to approximately JPY 14 billion to participate in the urban development project – Central
Park Project – in West Jakarta City, Indonesia jointly with Hankyu Hanshin Property Co., Ltd (HHP),
which together are referred to as Japanese consortium.
The Japanese consortium will participate in the operation and management of the Central Park
shopping mall, one of the largest commercial complexes in Indonesia, developed by PT. AgungPodomoro Land, Tbk (Agung Podomoro Land), a subsidiary of the Agung Podomoro Group, a major
Indonesian real estate development company. JOIN’s participation in this project is to support HHP'sfirst ever leading position in the management of an overseas large-scale commercial facility.
This project aims to revitalize and improve the environmental quality of the surrounding area byutilizing HHP’s accumulated experience to create a vibrant public space that can contribute tosociety and ultimately create value for the approximately 20,000 ㎡ public greenery space over thelong term. In addition, the Japanese consortium through the project will contribute to the realizationof a sustainable 10-year-old facility that supports decarbonized society by providing HHP’s expertiseon large-scale renovation and maintenance accumulated in Japan.
This project aims to accelerate Japan’s priority policy on its contribution to resolve social issues andachieve SDGs in partner countries stated in the Japanese government's "Infrastructure SystemOverseas Promotion Strategy 2025" (formulated at the Ministerial Meeting on Strategy relating
Infrastructure Export and Economic Cooperation on December 10, 2020).
（Project Overview）

・Use：Shopping mall・Site Area：Approximately 8.6 ha・Total Floor Area：188,000 ㎡（Press Contacts）

Japan Overseas Infrastructure Investment Corporation for Transport &Urban Development
Project Department Tachibana
E-Mail：info@join-future.co.jp

About JOIN:
Company Name:Japan Overseas Infrastructure Investment Corporation for Transport &Urban Development

Headquarters:

Tokyo, Japan

Representative:

Tatsuhiko Takesada, President and CEO

Business Description:

The infrastructure fund specializing in oversea transport and urban
development investment, sponsored by the Government of Japan andJapanese private companies

Website:https://www.join-future.co.jp/english/

About HHP:
Company Name:

Hankyu Hanshin Properties Corp., Ltd

Headquarters:

Osaka, Japan

Representative:

Ryuichi Morotomi, President and CEO

Business Description:

Leasing of office and commercial facilities, real estate development,
area management, real estate funds, sales of condominiums, land, andresidential land plots, brokerage, refurbishment, rental management,
land use optimization, and others

Website:https://www.hhp.co.jp/en/

About Agung Podomoro Land:
Company Name:

PT. Agung Podomoro Land, Tbk

Headquarters:

Jakarta, Indonesia

Representative:

Bacelius Ruru, President Director

Business Description:

Real estate development

Website:https://www.agungpodomoroland.com/en/（Project Scheme）

（Location）（Project Facilities）