ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
Home
Press release
Sep 15, 2020 09:41 JST
Source:
Mitsubishi Corporation
Mitsubishi Corporation and Surbana Jurong Joint Venture to Form Partnership with SinarMas Land to Advance Smart, Sustainable Transit-Oriented Developments in Indonesia
TOKYO, Sep 15, 2020 - (JCN Newswire) - Mitsubishi Corporation (MC) has announced today that its joint venture company with Surbana Jurong (SJ), "Mitbana Pte Ltd" (Mitbana), has formed a significant partnership with leading Indonesian property developer Sinar Mas Land (SML) to advance smart and sustainable Transit-Oriented Developments (TODs) in BSD City, Indonesia.
Map
Project Image
Project Organization Structure
BSD City, located in South Tangerang, Greater Jakarta, is SML's flagship town development that had started its development in the mid-1980s. Building on BSD City's track record, Mitbana will work with SML to transform over 100 hectares of greenfield land into TODs comprising residential units, commercial properties, living amenities and public transport nodes. This undertaking will enlarge BSD City's existing development footprint and expand on its current population of 200,000 residents.
Drawing on best practices from Japan and Singapore, Mitbana aims to develop first-of-its-kind integrated TODs in Indonesia that will address major trends in today's urban development landscape including master planning in a post-pandemic world, and adoption of smart and sustainable technological solutions. The development also supports the Indonesian government's focus on infrastructure development in Jakarta, which will result in better connectivity for commuters and residents.
The partnership is envisaged to harness the complementary expertise of all parties. Mitbana will leverage Mitsubishi Corporation's global experience in real estate developments including integrated developments and technology implementation in diversified industry as well as SJ's technical capabilities in master planning, urban, residential and industrial development. As one of Indonesia's largest and most established conglomerates, SML will offer its strong local knowledge and track record in growing BSD City.
On the other note, MC has also signed a MOU with SML back in March 2020 in order to have a broader discussion for the strategic partnership with regards to town management and the implementation of the smart and digital solutions for overall BSD area of circa 6,000ha. This partnership between MC and SML aims to increase the value of BSD city by the implementation of the smart and digital solutions, such as AI/IoT platform, City portal, mobility and energy technologies etc. through the various business groups of MC.
Source: Mitsubishi Corporation
Sectors: Real Estate & REIT
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
Mitsubishi Corporation and 7 large international companies join forces to sponsor the creation of a global e-NG coalition
Mar 19, 2024 16:40 JST
Mazda: Permanent Pride of Hiroshima Exhibition Opens April 27
Mar 19, 2024 16:02 JST
TMF Collaborates with the Okinawa Prefectural Police Headquarters to Develop Accident Prevention Approaches Integrating Police Accident Data with Vehicle Data
Mar 19, 2024 12:49 JST
Hitachi Vantara Announces Collaboration with NVIDIA to Create New Portfolio of Industrial AI Solutions
Mar 19, 2024 12:35 JST
Fujitsu Limited announces recruitment plans
Mar 19, 2024 10:34 JST
Nissan and Mitsubishi Corporation agree to explore new business in next-generation-mobility and energy-related services utilizing EVs
Mar 18, 2024 17:29 JST
Fujitsu and AWS will launch a new Modernization Acceleration Joint Initiative to enable customers across industries to drive digital transformation with fast and secure legacy modernization
Mar 18, 2024 16:12 JST
Nissan and Honda to start feasibility study of strategic partnership
Mar 18, 2024 12:14 JST
Mitsubishi Power Achieves #1 Global Gas Turbine Market Share in 2023
Mar 15, 2024 18:34 JST
Mitsubishi Corp to invest in TIER IV: Transforming regional mobility with autonomous driving
Mar 15, 2024 12:36 JST
Hitachi High-Tech Launches High-sensitivity and High-throughput Wafer Surface Inspection System LS9300AD for Wafer Manufacturers
Mar 15, 2024 11:21 JST
Japanese joint research group win Prime Minister's Award with ultra high-performance computing platform using jointly developed 64-qubit quantum computer
Mar 15, 2024 10:19 JST
MHI Establishes GX Solutions Business Domain to Promote Energy Transition Business Growth Strategy
Mar 14, 2024 13:30 JST
Fujitsu and Tokai National Higher Education and Research System collaborate on AI-based space weather research
Mar 14, 2024 10:21 JST
Mitsubishi Corporation, Mitsubishi Fuso Truck and Bus, and Mitsubishi Motors will jointly establish a new company to run an online platform providing comprehensive EV related services
Mar 13, 2024 18:06 JST
MHI Selected as Licensor of CO2 Capture Technology for Leading Low Carbon Hydrogen Production Project in Cheshire, UK
Mar 13, 2024 11:30 JST
GMO Research Activity Support & Technology launches brain MRI analysis tool developed on world class supercomputer Fugaku with Fujitsu Computing as a Service (CaaS)
Mar 12, 2024 10:20 JST
TANAKA Establishes Bonding Technology for High-Density Semiconductor Mounting Using AuRoFUSE(TM) Preforms
Mar 12, 2024 03:00 JST
Hitachi Forges a Three Year Strategic Alliance with AWS to Advance Hybrid Cloud Solutions
Mar 11, 2024 16:44 JST
MHI Thermal Systems to Launch 31 Models of Residential-use Air-Conditioners for the Japanese Market in 2024
Mar 11, 2024 16:35 JST
More Latest Release >>
Related Release
Mitsubishi Corporation and 7 large international companies join forces to sponsor the creation of a global e-NG coalition
3/19/2024 4:40:00 PM JST
Nissan and Mitsubishi Corporation agree to explore new business in next-generation-mobility and energy-related services utilizing EVs
3/18/2024 5:29:00 PM JST
Mitsubishi Corp to invest in TIER IV: Transforming regional mobility with autonomous driving
3/15/2024 12:36:00 PM JST
Mitsubishi Corporation: Participation in PAK Lithium Project in Canada
3/5/2024 4:57:00 PM JST
Mitsubishi Corporation Expands its Data Center Presence with Entry into US
3/4/2024 3:27:00 PM JST
Mitsubishi Corporation's Sale of Exportadora de Sal, S.A. de C.V., a Salt Production Company in Mexico
2/26/2024 2:29:00 PM JST
MC to Subscribe Shares in TVS Vehicle Mobility Solution in India
2/19/2024 5:42:00 PM JST
PoC Launched to Test Smart-charging Service Using EV Connected Technologies
2/15/2024 4:50:00 PM JST
Mitsubishi Corporation, KDDI CORPORATION, Lawson, Inc. have entered into the Capital Business Partnership Agreement
2/6/2024 5:27:00 PM JST
First Plant to be Operated under Hydroelectric Power Alliance Goes Online
2/1/2024 9:13:00 PM JST
More Press release >>