Jakarta Land

What Jakarta Land does

Jakarta Land (PT Jakarta Land) is an Indonesian commercial real estate company established in 1973 as a joint venture between PT Central Cipta Murdaya, a local Indonesian conglomerate, and Hongkong Land, a Hong Kong-listed international property group. The company owns, operates, and manages the World Trade Centre (WTC) Jakarta, a premium 8-hectare, 210,000 m² Grade A office campus in Jakarta's Central Business District on Jalan Sudirman, comprising five buildings (WTC 1, WTC 2, WTC 3, WTC 5, and WTC 6), with WTC 2 completed in 2012 and WTC 3 in 2018 representing the most recent development phases.

The company's core offering is a multi-tenant, recurring-revenue Grade A office leasing platform with ancillary services. Underlying infrastructure includes two centralized, 24/7 Building Management Offices that monitor all critical systems, a rolling programme of equipment upgrades, and a dual-ring security architecture (perimeter control at gates plus non-intrusive X-ray scanning in building lobbies) that the company states is unique among complexes of its size in Jakarta. Supporting service lines include in-house property management via a 24/7 Tenant Service Centre, technology and maintenance, round-the-clock security, retail leasing within the complex, a serviced office and co-working product branded CentreSpace, WTC Conference Hall bookings, a curated Art at WTC cultural programme in partnership with ISA Art & Design, and a smaller Conservation & Heritage Design line in partnership with Conservation Architects London.

Jakarta Land's commercial model is built on long-duration enterprise leases with multinational corporations, embassies, and leading Indonesian businesses, complemented by retail and event-space revenue. The campus holds Green Mark Gold, ISO 45001, ISO 14001, ISO 41001, WELL, and top FLHSS audit certifications, collectively functioning as procurement credentials for ESG- and security-sensitive tenants. The company is privately held under the CCM–Hongkong Land JV, employs 251–500 people, and markets through its corporate website, monthly Insight newsletter, LinkedIn, Instagram, and the Art at WTC community programme.

Name

Jakarta Land

Legal name

PT Jakarta Land

Website

https://jakland.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

251–500 employees

Short description

PT Jakarta Land is an Indonesian commercial real estate firm that owns and operates the World Trade Centre Jakarta, a 210,000 m², five-building Grade A office campus in Jakarta's CBD, serving multinational corporations, embassies, and Indonesian businesses with leasing, property management, security, and serviced-office services.

Ownership category

akta.pro rank

Product category

Commercial Real Estate / Grade A Office Property Management

NAICS

Office Administrative Services (5611), Administrative and Support Services (561)

SIC

Operators Of Nonresidential Buildings (6512), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Office Property Management (BPAJAGAA)

akta.pro secondary industries

Helpdesk & Service Request Coordination (FM Call Handling/Dispatch) (BPABAEAI), Workplace & Office Support Services (Reception/Mailroom/Porterage/Helpdesk) (IMAIAAAD)

Keywords

• Commercial real estate
• Office leasing
• Property management
• Grade A offices
• Facility management

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Office Leasing: Grade A office space leasing across five buildings (WTC 1, 2, 3, 5, 6) spanning over 210,000 m² in Jakarta's CBD. Primary revenue stream from multinational corporations and embassies.
2. Retail Leasing: Retail space leasing within the WTC complex, featuring banking, dining, wellness, and professional services.
3. WTC Conference Hall Booking: Conference and event space rental services within the WTC complex.
4. Property Management Services: In-house property management with 24/7 Tenant Service Centre focused on tenant satisfaction.
5. Technology and Maintenance Services: Building technology maintenance and upgrades, with all critical equipment monitored 24/7.
6. Security Services: Round-the-clock security services including perimeter and inner ring protection with highly trained guards.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Jakarta Land owns and manages WTC Jakarta, a premium Grade A office complex spanning over 210,000 m² across five buildings in Jakarta's Central Business District. The company leases office and retail space to multinational corporations, embassies, and leading Indonesian businesses, and provides in-house property management, 24/7 technology and maintenance services, dual-ring security with X-ray scanning, serviced office/co-working (CentreSpace), and conference hall bookings.

Product overview

Jakarta Land operates WTC Jakarta, a premium Grade A office complex spanning over 210,000 m2 across five buildings (WTC 1, WTC 2, WTC 3, WTC 5, and WTC 6) in Jakarta's Central Business District. The portfolio includes property management, technology and maintenance, and security services as core offerings. Additional services encompass CentreSpace (serviced office and co-working space), WTC Conference Hall bookings, and a residential/commercial design and architecture service line. The company also runs the 'Art at WTC' cultural programme featuring curated exhibitions. As a joint venture between PT Central Cipta Murdaya (CCM) and Hongkong Land, established in 1973, the company serves multinational corporations and embassies.

Differentiator

Problem solved

Functional benefit

Products and services

• WTC Jakarta (Grade A Office Complex) Premium Grade A office complex spanning over 210,000 m² across five buildings (WTC 1, 2, 3, 5, 6) in Jakarta's CBD, offering leased office space to multinational corporations, embassies, and leading Indonesian businesses, with on-site retail, banking, dining, wellness, and professional services.
• Property Management

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• PT Central Cipta Murdaya (CCM)coreStrategic or Co-development Partner · 1 January 1973Joint venture partner bringing local Indonesian property development and management expertise. The partnership combines CCM's local market knowledge with Hongkong Land's global real estate experience to operate WTC Jakarta.
• Hongkong LandcoreStrategic or Co-development Partner · 1 January 1973Joint venture partner providing global real estate knowledge and international best practices. The partnership leverages Hongkong Land's expertise in premium commercial property development and management.
• ISA Art & DesignminorStrategic or Co-development PartnerArt curation partner for the Art at WTC programme. ISA Art & Design curates artworks from Indonesian and foreign artists for exhibitions in public spaces throughout the WTC complex.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Plaza Indonesia Realty: Plaza Indonesia Realty operates the Plaza Indonesia complex in central Jakarta, including premium Grade A office towers, luxury retail, and serviced residences. Directly comparable because it competes head-to-head with WTC Jakarta for multinational tenants in the same CBD micro-market.
• International Financial Centre Jakarta (Pacific Place): Pacific Place Jakarta is a premium Grade A office and luxury retail complex in Jakarta's CBD operated by a joint venture involving Hongkong Land. Comparable because it directly competes with WTC Jakarta for the same multinational and embassy tenants in the same Sudirman micro-market.

Broad incumbents

• Hongkong Land: Hongkong Land is the international joint venture parent of Jakarta Land and a Hong Kong-listed premium office and luxury retail landlord across Asia. Directly comparable because it sets the operating standards, governance, and capital framework that Jakarta Land executes against, with overlapping tenant base of multinational occupiers.
• Summarecon Agung: Summarecon Agung is one of Indonesia's largest listed property developers, operating mixed-use townships and Grade A office towers including in Jakarta. Comparable as a major Indonesian landlord with overlapping commercial property management operations and similar enterprise tenant focus.
• Sinar Mas Land: Sinar Mas Land is a major Indonesian conglomerate with a deep portfolio of office, residential, and mixed-use developments including BSD City and Jakarta assets. Comparable because it operates Grade A office stock targeting multinational tenants across Indonesia.
• Lippo E-Net (Lippo Group real estate): Lippo E-Net operates large office and mixed-use assets in Jakarta through the Lippo Group. Comparable because it competes for Grade A office demand from multinational tenants in Jakarta's CBD and surrounds.
• Ciputra Development: Ciputra Development is a top-tier Indonesian listed developer with significant office and mixed-use assets in Jakarta. Comparable as a large-scale Indonesian commercial landlord serving enterprise tenants.

Others

• Colliers Indonesia: Colliers Indonesia is a major commercial real estate services firm providing property management, leasing, and advisory across Jakarta's Grade A office market. Comparable as a third-party operator of premium office stock and a direct competitor for property management mandates.
• JLL Indonesia (Jones Lang LaSalle): JLL Indonesia provides property management, facilities management, and real estate advisory services across Jakarta's premium office stock. Comparable as a facilities management competitor and indirect peer for the integrated building services Jakarta Land operates in-house.
• Cushman & Wakefield Indonesia: Cushman & Wakefield Indonesia provides property management, facilities management, and leasing advisory across Jakarta's premium office market. Comparable as a facilities management competitor and indirect peer for the asset-management services Jakarta Land delivers in-house.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jakartaland
• Instagraminstagram.com/wtc.jakarta
• Xx.com/wtcjakarta
• Facebookfacebook.com/wtc.jakarta

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jakarta Land