Lembaga Manajemen Aset Negara

What Lembaga Manajemen Aset Negara does

Lembaga Manajemen Aset Negara (LMAN) is an Indonesian government institution — a Badan Layanan Umum (Public Service Agency) under the Ministry of Finance — established in December 2016 and headquartered at Jl. Diponegoro No. 62A, Menteng, Jakarta Pusat. LMAN was created to optimize state-owned assets and execute a special landbank function for land acquisition funding in support of National Strategic Projects (PSN). Its portfolio spans 288 managed properties (mostly in Jakarta), 2 LNG refinery assets (Arun in Lhokseumawe, Aceh and Badak in Bontang, East Kalimantan), and 1 golf course area (Ciperna, West Java), with total managed asset value of approximately Rp29.1 trillion as of 2021. From 2016 to 2022, LMAN channeled Rp134.466 trillion in land funding across 106 PSN, covering 167,772 land parcels totaling 274 million m2.

LMAN operates three core service lines: Property Management (managing state-owned apartments, shophouses, buildings, and land to generate PNBP and cost savings); Property Solutions / Advisory (asset mapping, feasibility studies, business case development, and concept planning for ministries, BLU/BLUD, regional governments, and SOEs); and Land Funding for PSN (disbursing State Budget allocations for toll roads, dams, railways, ports, irrigation, and tourism projects). The AESIA digital platform (launched June 2020 at aesia.kemenkeu.go.id) catalogs managed assets and enables matchmaking for rental and cooperation schemes including co-working, co-renting, and co-warehouse arrangements. Customer engagement spans direct government-to-government advisory mandates, formal cooperation agreements (KSP) with private partners, and AESIA-mediated self-service inquiries.

LMAN's revenue derives primarily from PNBP — state non-tax revenue from property rental and asset utilization — which reached Rp1.964 trillion in 2021 (106.82% of Ministry of Finance target), alongside advisory fees and cooperation revenue. Land funding flows through LMAN as a Special Mission Vehicle backed by State Budget allocations. The institution has 104 employees and operates under regulatory frameworks including Perpres 102/2016, Perpres 66/2020, PMK 139/2020, PMK 144/2020, and PMK 95/2023, supervised by DJKN (Directorate General of State Assets). Customer logos include Jakarta Intercultural School (15-year education land lease), PT Pupuk Kalimantan Timur (Bontang Airport), PT Hutama Karya and PT Waskita Karya (toll road PMN), BUPP KEK Arun Lhokseumawe, PATNA, and regional governments of Batam and Yogyakarta.

Name

Lembaga Manajemen Aset Negara

Legal name

Lembaga Manajemen Aset Negara

Website

https://lman.kemenkeu.go.id

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Lembaga Manajemen Aset Negara (LMAN) is an Indonesian Public Service Agency under the Ministry of Finance that optimizes state-owned properties, provides asset advisory to government entities, and funds land acquisition for National Strategic Projects. It manages Rp29.1 trillion in assets and channels Rp134+ trillion in PSN land funding.

Ownership category

akta.pro rank

Product category

Government Asset Management Services

NAICS

Administration of Housing Programs, Urban Planning, and Community Development (9251), Trusts, Estates, and Agency Accounts (52592)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Public Property & Asset Management (Federal Buildings, Fleet, Land) (BPAIAAAJ)

akta.pro secondary industries

Land Administration & Cadastral Services (Public Land Records, Parcel Management) (BPAIANAH), Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ)

Keywords

• State asset management
• Public asset optimization
• Land acquisition funding
• Government property services
• National infrastructure financing

Headquarters

HQ city

Jakarta Pusat

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Revenue model

1. Property Rental and Asset Utilization (Sewa dan Pemanfaatan Aset): LMAN generates state non-tax revenue (PNBP) through renting and utilizing state-owned properties including apartments, shophouses, buildings, and land parcels managed under its portfolio. Revenue is realized as non-tax state income deposited to the state treasury.
2. Advisory/Consulting Services (Jasa Konsultasi Aset): LMAN provides paid advisory services to ministries, government agencies, BLU/BLUD, regional governments, and SOEs for asset optimization and business arrangement. Services include asset mapping, feasibility studies, business case development, and concept development.
3. Special Landbank / Land Funding for National Strategic Projects (Pendanaan Pengadaan Tanah PSN): LMAN receives budget allocation from the State Budget (APBN) to fund land acquisition for National Strategic Projects including toll roads, dams, railways, ports, and irrigation. While funds flow through LMAN, the role generates economic benefits and state non-tax revenue indirectly through infrastructure-driven growth.

Distribution channels3 records

Marketing channels5 records

Core offering

Lembaga Manajemen Aset Negara (LMAN) manages potentially productive state-owned assets — including apartments, shophouses, buildings, land, LNG refineries, and a golf course — to generate state non-tax revenue (PNBP) and non-financial benefits such as MSME empowerment and community spaces. It also executes a special landbank function, channeling state budget (APBN) allocations to fund land acquisition for National Strategic Projects (toll roads, dams, railways, ports, irrigation). Advisory services assist ministries, regional governments, and SOEs in asset optimization from feasibility study through partnership finalization.

Product overview

Lembaga Manajemen Aset Negara (LMAN) is a Public Service Agency (BLU) under the Ministry of Finance that manages state assets through three core services: Property Management, Property Solutions, and Land Funding. The organization operates a digital platform called Aesia (AESIA) for property cataloging and asset viewing, and provides advisory services for asset optimization to government institutions and regional governments. LMAN manages various asset categories including apartments, shop-houses (ruko), buildings, and land, while also executing land acquisition funding for National Strategic Projects (PSN) covering toll roads, dams, railway lines, ports, and irrigation.

Differentiator

Problem solved

Functional benefit

Brands

• AESIA: Property services platform launched by LMAN offering apartment rental, building and shop rental, asset consulting, and business arrangement services including Co-working, Co-renting, and Co-warehouse schemes.

Products and services

• AESIA (Aset Elektronik Sistem Informasi LMAN)
• Property Management (Manajemen Properti)
• Property Solutions / Advisory (Solusi Properti / Jasa Konsultasi Aset)
• Land Funding for National Strategic Projects (Pendanaan Lahan PSN)

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• Pemerintah Kota BatamcoreStrategic or Co-development Partner · 17 July 2026LMAN provided advisory services to the Batam City Government in optimizing the Dendang Melayu Area as regional state property (BMD). LMAN assisted from study preparation, partner matching, through finalization of the Cooperation Agreement (KSP) documents, resulting in a signed KSP with a private partner for productive utilization of the area.
• BUPP KEK Arun Lhokseumawe (Badan Usaha Pembangun dan Pengelola Kawasan Ekonomi Khusus Arun)coreStrategic or Co-development Partner · 10 July 2023LMAN and BUPP KEK Arun Lhokseumawe signed a cooperation agreement for managing Arun LNG refinery assets as part of the KEK Arun Special Economic Zone. The partnership aims to attract investors and develop the gas refinery assets for energy sector benefits in Aceh and nationally.
• PT Pupuk Kalimantan TimurcoreChannel Partner/ Reseller/ Distributor · 28 July 2022LMAN signed a lease agreement with PT Pupuk Kalimantan Timur for Bandar Udara Bontang (Bontang Airport). Effective August 1, 2022, PT Pupuk Kaltim uses the airport to support its production and operational factory logistics, generating PNBP revenue for the state.
• Jakarta Intercultural School (JIS)coreStrategic or Co-development Partner · 28 February 2018LMAN signed a land utilization agreement with Jakarta Intercultural School for 105,557 m2 at Jl. Terogong No. 33, Cilandak, Jakarta Selatan, effective March 1, 2018 for 15 years. JIS is an international school serving expatriate families, and the partnership supports Indonesia's international education commitments.
• PT Patriot Nusantara Aceh (PATNA)coreStrategic or Co-development Partner · 12 February 2018LMAN and PATNA signed an operational cooperation agreement for managing Arun LNG refinery assets in Lhokseumawe, Aceh. PATNA serves as the implementing body for the KEK Arun Special Economic Zone, and LMAN supports the zone's operation by managing the state refinery assets.
• Kementerian Keuangan / DJKN (Directorate General of State Assets)coreOthersLMAN operates under the supervision of the Ministry of Finance's DJKN. Assets are transferred to LMAN from DJKN for management and optimization. Regulatory framework governed by PMK No. 144/PMK.06/2020 and related regulations.
• Kementerian PPN/Bappenas dan Delegasi Korea Selatan (EIPP/KIND/KDI/MOLIT/LH)minorStrategic or Co-development PartnerDelegation from Korea's Economic Innovation Partnership Program (EIPP) together with Bappenas visited LMAN for benchmarking on land funding mechanisms for National Strategic Projects. Korean institutions including KIND, KDI, MOLIT, and LH participated in the knowledge exchange.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Temasek Holdings: Singapore state-owned investment company managing strategic public assets across infrastructure, real estate, and financial services. Comparable as a sovereign investment manager in Southeast Asia with state-backed capital and policy mandate.
• Crown Estate (UK): UK independent public entity managing a real estate portfolio on behalf of the state. Comparable as a sovereign asset manager generating revenue for the public purse from a diversified property portfolio.
• Indonesia Investment Authority (INA): Indonesia's sovereign wealth fund investing in infrastructure and strategic assets. Comparable as a government-affiliated investor in state-owned real assets and infrastructure projects at scale.
• DJKN - Directorate General of State Assets: Ministry of Finance body that supervises LMAN and transfers state assets to it for management. Comparable as a public-sector asset administrator and policy maker for state property optimization.

Direct peers

• PT Sarana Multi Infrastruktur (SMI): Indonesian state-owned infrastructure financing company under the Ministry of Finance. Comparable to LMAN as a BLU providing financing for national infrastructure projects, including direct involvement in PSN land/asset funding.
• Korea Land and Housing Corporation (LH): Korean state-owned enterprise managing public land and housing assets, including land acquisition for public infrastructure. Directly comparable to LMAN's dual role in property management and land funding for strategic projects.

Others

• Bappenas (Ministry of National Development Planning): Government planning ministry that designates National Strategic Projects (PSN), which determines LMAN's land funding pipeline. Comparable as a key strategic stakeholder in Indonesia's public asset and infrastructure ecosystem.

Emerging players

• PT Hutama Karya (Persero): Indonesian state-owned construction and toll road operator that partners with LMAN on PSN financing via State Capital Investment (PMN). Comparable as a counterparty and beneficiary of LMAN's land funding mandate.
• PT Penjaminan Infrastruktur Indonesia (PII): State-owned infrastructure guarantee fund providing credit enhancement for PSN projects. Comparable as another Ministry of Finance BLU serving Indonesia's infrastructure financing ecosystem alongside LMAN.

Regional players

• Government Property Singapore (PropTech arm): Singapore's centralized government property management function (under MOF Singapore and SingaporLand). Comparable as a Southeast Asian government entity managing state-owned property portfolios for revenue and policy outcomes.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lembaga-manajemen-aset-negara

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Lembaga Manajemen Aset Negara