Indonesian state-owned post office has remodeled its 111-year-old colonial office building into a rent-free micro, small and medium enterprise (MSME) hub located in Sawah Besar, Jakarta.
ndonesia’s state-owned post office has remodeled its 111-year-old colonial office building into a rent-free micro, small and medium enterprise (MSME) hub located in Sawah Besar, Jakarta.
PT Pos Indonesia named the new building Pos Bloc, which is the company’s new brand for redevelopment projects that it plans to undertake in several other major cities in Indonesia outside of Jakarta.
“[We’ve used this property] because otherwise it would become a liability. Operation maintenance [costs] are swelling and this is also the case with land and building tax. In several big cities, the tax has even doubled,” said Pos Indonesia president director Faizal Rochmad Djoemadi during the inauguration ceremony on Thursday.
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The ceremony concluded the second phase of Pos Bloc, with 7,000 square meters of the old post office building refurbished at a cost of Rp 5 billion (US$318,725). This followed the first phase with the development of 3,000 sq m.
In total, Faizal said, Pos Indonesia controlled around 2,970 properties with an approximate land surface area of 3 million sq m, and 750,000 sq m of buildings.
At the same event, State-Owned Enterprises (SOEs) Minister Erick Thohir said the buildings used to be stalled assets as they were becoming irrelevant, but this development had turned the stagnating situation into one of productivity.
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