How to Do the Trivo Setup Again

There is no limit to the scope of the holding industry in Indonesia however sometimes majuscule is a limitation. Therefore joint ventures are a good way to overcome this for larger projects

Mr Robert Yapari, President Director

Trivo Group is engaged in commercial property development in Republic of indonesia and has been involved in several commercial projects such every bit the Tangcity Superblock in Tangerang, Pusat Grosir in Cililitan and Sentra Grosir in Cikarang. What was the background to the founding of the company and what tin you tell us about your current project portfolio?

Nosotros set up Trivo Group in 2004 when we had the opportunity to take over the Pusat Gros Cililitan project every bit it was having problems in its operational direction. We learnt from this projection and then nosotros moved alee with our second project in Cikarang; this was a autobus final and nosotros had the opportunity to plow this into a commercial project likewise as for public ship purposes.

When selecting projects to take on, we wait for the needs in the Indonesian market and create projects. I have closely studied mixed use projects in markets such as Nihon where places such as motorcoach terminals are fabricated into mixed used developments which we did non accept hither in Indonesia before.

The third project that the group undertook was in Tangerang and this was once over again in public ship just this fourth dimension using a more than complete concept that combines commercial use with places to stay overnight. This project is on a large plot of land of around eleven hectares. The decision was made to construct store houses or 'rukos', a mall and then 2 hotels; a two star hotel and a iv star hotel as well as a residential edifice. I believe that these types of projects are the future of Indonesia as they create more efficient places to rest and enjoy leisure time around key transport hubs.

In terms of location, we have concentrated on the suburbs of Dki jakarta equally the center of the city is already well developed. Most people live in the suburbs yet there were not enough facilities bachelor to them. Since decentralisation and the growth of the Indonesian economy as a whole, at that place is a new impulse to develop the areas exterior of Jakarta and we saw this as a chance. Since 2005 we have focused solely on commercial projects but at present we see that existent estate and residences are a fundamental area of opportunity for loftier rise structure as transport links to the suburbs have improved. Previously these areas were very difficult to develop as they did not have admission to electricity and other utilities and then one would have to construct them themselves to make a project viable, but this is not the case anymore.

Tangerang and Bekasi are the sites of our current projects and in the future we will institute projects in South Jakarta and Bogor. Every one of our projects arises out of seeing the needs of the community for that area and foreseeing their growing purchasing ability. Commercial projects are therefore highly profitable as the construction of shop houses and malls encourages entrepreneurs by providing a location for them to set upward their business.

In addition to your current residential and commercial property projects, what projects do you have planned for the future?

In Tangerang Metropolis nosotros accept built two towers and we will accept a full of five towers which will serve every bit residences. In Depok I program to develop residences and a dormitory as there are many students there due to Universitas Indonesia. I am also planning a hotel for when people visit such as relatives of university students.

Exterior of the Jakarta area there are further areas that we wish to enter in the future equally they are besides growing at a fast stride.

We plan to undertake projects in Bali and I am as well looking at Sulawesi for the future every bit the East of Indonesia holds a lot of potential equally long as the progress continues at the same rate.

Many property developers in Republic of indonesia pride themselves in successfully combining living and working areas as well as being environmentally friendly. In such context, what do you lot believe is Trivo Grouping'southward existent competitive advantage?

We produce real concepts and deliver them in our projects. Once we take completed the project we also maintain the development even after we have sold it. We ever deliver on time and meet the quality that nosotros hope which is skilful quality simply non luxury quality. Other factors are taken into consideration such every bit the quantity to ensure that nosotros practice not oversupply the production as this volition subtract the value for residents in the hereafter.

For every projection nosotros complete nosotros also fix a team for estate management to help in maintaining the project and the services that it requires such as cleaning and we also work closely with local governments of where our projects are located. This is how nosotros compete with others in the sector in Indonesia equally nosotros earn trust from clients and tenants.

How is the company positioned towards international investors and partners looking to enter the Indonesian market?

There is no limit to the scope of the property industry in Indonesia however sometimes upper-case letter is a limitation. Therefore joint ventures are a good way to overcome this for larger projects. Synergies are a way of making time to come projects successful and in plough making ourselves stronger in terms of capability and capacity.

Nosotros are a local Indonesian partner who can actively participate in a property development project and not just in a financial capacity. We know the civilization of Indonesia and have experience in working with local government every bit our previous projects accept involved government endemic state which we and so build on and operate such as for public transport. Therefore our advantage every bit a partner is our knowledge as you need to exist familiar with the local communities of where your projects are situated in Indonesia to ensure that they enjoy the added value of your projects.

What nosotros would be looking for is financial support to make the scope of our projects wider and to facilitate faster execution. From a partner nosotros would expect them to work in such a way that they tin bring value in terms of applied science and capital.

What should potential partners and investors in Indonesia's property sector remember as a last message?

Indonesia has many kinds of people, nosotros are a Muslim majority country but nosotros are a moderate country. The economy is growing which is providing opportunities for employment and Indonesia has many needs which open up upwards commercial opportunities. The country has many natural raw materials which crave expertise to gain the added value earlier exporting so we need international partners and investors to come to Indonesia to assist in doing this. As long equally you lot know how to approach the market and can capeesh that Republic of indonesia is unlike anywhere else, then yous will be able to succeed here.

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Source: http://www.gbgindonesia.com/en/property/directory/trivo_group/interview.php

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