Bouygues Batiment International Signs Strategic Partnership Agreement as Turn- key Contractor of US$ 120 million Project in Batam, Indonesia

SINGAPORE, March 17 /PRNewswire-Asia/ -- PT Grand Uway Development ("GUD"), developers of Grand Quarter ("GQ") Batam, signed a strategic partnership agreement with Bouygues Batiment International as Turn-key Contractor. This agreement marks an important step in the development process of the integrated business and leisure area because it guarantees completion of both phases of the US$ 120 million project. The first phase, consisting of the Water Park, Condotel, Apartment Complex and Convention Center, will be finished in 24 months. The second phase, composed of the Shopping Mall, Lifestyle Area and Office Block, will be accomplished after 5 years' development.

This strategic partnership assures that PT GUD will be able to deliver Grand Quarter Batam according to planned time schedule. This surely is good news for both domestic and foreign businessmen & tourists -- as they can enjoy various facilities offered by GQ Batam without any delay; and it is even better news for investors, who will soon reap the benefits of their investments.

Bouygues Batiment International, a French-based company, is globally known as a leading contractor with branches in 80 countries. Their international experience as a contractor in civil works, electrical and maintenance supported by professionals and an extensive network presents a strong resume, allowing Bouygues Batiment International to offer a wide range of innovative solutions. One of their projects in Jakarta, Indonesia is The Rasuna Apartment, which was completed successfully amid the global economic crisis in 1999. Bouygues Batiment International's other projects in Singapore include Fullerton Square and The Ritz Carlton, which received the Construction Excellence Award (CIDB) in 1997.

"Batam has a great potential in developing MICE business. That's why we decided to support the project until completion," said Ludwig Reichhold, General Manager, South Asia of Bouygues Batiment International.

With its solid background, PT GUD has planned to develop an integrated business and leisure area, "GQ" Batam. Stands on a 15 ha area located in Jalan Abulyatama, Batam Center, GQ Batam offers many services, namely Condotel, Apartment Complex, Convention Center, Club House, Water Park and Shopping Mall. All facilities are in one integrated real-estate complex, combining the values of business, lifestyle and entertainment. "It is an ideal vacation and MICE destination for Singaporeans because of its short distance: only 45 minutes by ferry," said Totonafo Lase, Chief Operation Officer of PT Grand Uway Development.

To support MICE activities, GQ Batam is equipped with high-tech security services for VIP guests. GQ Batam also provides a helipad, rooms for VIPs, Convention Center that has 3,000 seats and small meeting rooms suitable for group meetings.

GQ Batam Condotel will be 11 floors with 280 rooms and built next to the international-standard Water Park. "The Water Park is equipped with the latest water sports and games, designed and developed in Canada. I believe the Water Park will be a prime destination for family vacations," said Totonafo Lase.

Both Convention Center and Condotel will be operated by Aston International, with whom PT GUD has signed an agreement. Aston will also manage the GQ Batam Apartments. "I'm sure Aston has a good business calculation. Batam is a potential business and industrial area. On average, no less than 5,000 businessmen and tourists come to Batam everyday. Talking about property investment, think about Batam¡­invest in Batam, it's really a good prospect," explained Ansyar Heryadi, President Director PT GUD.

    For further information please contact:

     Totonafo Lase
     Chief Operation Officer
     PT Grand Uway Development
     Email: totonafo@grandquarter.com
     Tel:   +62-81-680-5660
     Web:   http://www.grandquarter.com

SOURCE PT Grand Uway Development