Keikyu Corporation (Head Office: Minato Ward, Tokyo, President: Kazuyuki Harada, hereinafter "Keikyu") is participating in a large scale joint development in Indonesia to carry out sale by lots of the 29 story tower condominium SOUTHGATE PRIME TOWER, which uses the name of the PRIME housing brand developed within Japan. This will be a major turning point for Keikyu as its first participation in a condominium sale by lots project overseas since the company's founding 120 years ago.
In order to carry out this project Keikyu has jointly established the local project company PT Keikyu Itomas Indonesia with PT JCREAL (Hereinafter "JCREAL") which is formed by Itochu Corporation and Itochu Property Development, Ltd. which have a vast development history in Indonesia, and PT Duta Semsta Mas (Hereinafter "DUTA") which is under the corporate umbrella of Sinar Mas Land Limited (Hereinafter "SML"), Indonesia's largest real estate developer.
PT Keikyu Itomas Indonesia is located close to the expressway which directly links to Soekarno-Hatta International Airport approximately 12 kilometers south of center part of the capital Jakarta, and is participating in the sales by lots of tower condominiums (this project) from one of the two high rise tower condominiums which together with 1 commercial complex building centering around an Aeon Mall, and one office building make up the large scale joint development plan currently being carried out in the extremely convenient Simatupang Tanjung Barat area approximately 1 minutes' walk from the KRL Jabodetabek Tanjung Barat Station.
Keikyu Corporation's previous overseas real estate ventures include participation in a joint development project which supplied detached housing etc. in the suburbs of Jakarta. In this project Keikyu Corporation will utilize the knowhow it has cultivated through its suburban and urban development and sale by lot condominium development to both contribute to housing development in Indonesia and also work towards expanding its real estate projects both in Indonesia and all over the world going forward. See the details on the attachment.
Established as the Keikyu Group's unified housing business brand. The name is taken from the English word meaning "the best" or "superior".
■Brand slogan: The world's reserved seat.