PT Griya Idola
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Being a fully diversified resource based enterprise, developing and managing properties will be increasingly central to Barito Pacific in the future. As the company proceeds on its agenda to becoming a fully integrated resource-based enterprise, there is a critical need to have a special purpose subsidiary to commercially managing property sector. The company is PT Griya Idola (GI), which represents a strategic component in the hierarchy of the Barito Pacific Group.
Since its establishment in 1990, PT Griya Idola already has maintained a solid track record for performance and revenue intake. The Company is entrusted with the responsibility of managing real estate interests. A continuing challenge moving forward into the coming year will rest in maximizing the revenue potential of the Company as the property owner and manager of the twin towers, Wisma Barito Pacific.
With staff of 94 people as at a year end 2008, GI generates stable and growing rental and services revenues,and is well-positioned to capitalize on future growth opportunities by developing the close to 5,290 sqm plot of land adjacent to the Wisma Barito Pacific Towers.