WIKA Realty & Sarinah Sign Amendment to Build-Use-Handover Agreement, Lease Agreement, and Management Agreement for the Sarinah, Thamrin Building Project

Thursday, 06 May 2021

Jakarta, 6 May 2021 - PT Wijaya Karya Realty (WIKA Realty) and PT Sarinah (Persero) signed several agreements related to the Sarinah, Thamrin Building development project on Thursday (6/5) afternoon at Best Western Premier The Hive Hotel, Cawang. This event is attended directly by the Directors of each company, where WIKA Realty is represented by Koko Cahyo Kuncoro as the President Director and Sarinah is represented by Fetty Kwartati as the President Director. Several agreements are signed, including the Amendment to the Build-Use-Handover Agreement, the Lease Agreement, and the Management Agreement for the Sarinah, Thamrin Building Project. 


WIKA Realty and Sarinah will cooperate in the form of BOT (build, operate, transfer) for the development of the transformation of the Sarinah, Thamrin Building. The New Sarinah is planned to combine retail and office areas with designs with local wisdom and modern concepts. In its latest development, The New Sarinah will present a cultural zone, duty free shop, trading house + Sarinah home, to a thematic atrium, and will present one of the historical relics, a masterpiece relief of the first President of the Republic of Indonesia in the Sarinah Building. It is planned that The New Sarinah will be inaugurated by President Jokowi on 10 November 2021.