Firms To Watch: Real estate

Mochamad Kasmali leads Hogan Lovells in association with Dewi Negara Fachri & Partners in its work across matters relating to office space, retail, industry and hotels.
Hutabarat Halim & Rekan advises clients across the real estate sector, with expertise in hospitality, tourism, entertainment and the construction of mixed-use facilities.

Real estate in Indonesia

ABNR Counsellors at Law

ABNR Counsellors at Law advises its domestic and multinational clients on a wide array of real estate matters, including financing and sales of major land developments for commercial and residential properties. In addition, the firm is well-equipped to act for its clients in dispute resolution matters, from mediation to litigation. The practice is led by Rita Tyastuti Taufik who has worked on joint ventures on the development of major commercial projects in Jakarta and Yogyakarta. Also of note are Agus Ahadi Deradjat, Gustaaf Reerink and, on the associate level, Danny Tanuwijaya.

Responsables de la pratique:

Rita Tyastuti Taufik


Autres avocats clés:

Agus Ahadi Deradjat; Gustaaf Reerink; Tanuwijaya


Principaux clients

PT. Nirvana Wastu Pratama


China Everbright Environment Group Limited


China Tianying Inc


Daikin Industries, Ltd.


GDS Holdings Ltd


Goodhope Asia Holdings Ltd


Granitor Systems APAC (formerly Midroc Europe)


IMCD Group


PT Baker Hughes Indonesia


PT Meulaboh Power Generation


PT Tanggamus Electric Power


Assegaf Hamzah & Partners

Assegaf Hamzah & Partners acts for major local and foreign clients in all sectors of real estate on issues relating to residential, commercial and industrial properties. In addition, it has assisted clients in land procurement matters regarding infrastructure work and industrial development as well as dispute resolution. Yogi Sudrajat Marsono, who heads the real estate practice, has represented clients on real estate M&A, asset management and construction agreements. Also of note is Heru Pamungkas who focuses on dispute resolution and was promoted to partner in March 2023.

Responsables de la pratique:

Yogi Sudrajat Marsono


Autres avocats clés:

Heru Pamungkas


Les références

The team is very approachable, I love the way they are always available and that they are able to translate legal information into business context for our commercial team.

AHP’s real estate team is a team that is able to marry their resources of strong lawyers from other various fields.

Principaux clients

Gurit Group


Iron Mountain Pte Ltd


Ministry of State Secretariat


PT Ajinomoto Indonesia


PT Aneka Tambang Tbk.


PT BASF Indonesia


PT Bio Farma (Persero)


PT Garam (Persero)


PT Haidilao Indonesia Restaurants


PT Holland Colour Asia


PT Jakarta Industrial Estate Pulogadung


PT Krakatau Steel (Persero) Tbk


PT Krakatau Tirta Industri


PT Nirvana Wastu Pratama


PT Pelabuhan Indonesia Maspion


PT Pelindo Terminal Petikemas


PT Penjaminan Infrastruktur Indonesia (Persero)


PT Perkebunan Nusantara X


PT Regus Business Centre Indonesia


PT Samanea Tangerang Development


PT Sengon Hijau Lestari


PT Toyota Motor Manufacturing Indonesia


PT Wicaksana Overseas International Tbk.


Ramsay Sime Darby Health Care Sdn Bhd


Skyworth Limited Group


The Indonesian Chamber of Commerce and Industry or Kamar Dagang dan Industri Indonesia


Yayasan Jakarta Intercultural School


Principaux dossiers


  • Assisted PT Pelabuhan Indonesia Maspion in the development of the Gresik Port.
  • Assisting PT Petrokimia Gresik to assess and formulate the mechanism to manage the land and building assets owned by PT Petrokimia Gresik.

Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie

Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie offers cross-border expertise, and is particularly noted for its work with foreign investors into the Indonesian real estate market. The firm advises on hotel transactions, leasing transactions, new developments and construction projects. Mita Djajadiredja leads the real estate practice and is experienced in join ventures, shareholder agreements and strategic business alliances connected to real estate. In addition, Daniel Pardede has led on real estate acquisitions and provided general real estate advice.

Responsables de la pratique:

Mita Djajadiredja


Autres avocats clés:

Daniel Pardede; Eric Chunata


Les références

‘The team is very knowledgeable when it comes to the law and experienced in handling difficult legal issues. They are very familiar and confident in dealing with local authorities. They provide an exceptionally high level of service. Each team member is highly committed and a pleasure to work with. ’

‘Mita Djajadiredja is a very seasoned practitioner who knows the law inside out. She is proactive and takes initiative to deal with any issues encountered. She manages her team well and is supported by her very able senior associate, Eric Chunata.’

Principaux clients

Astra Land Indonesia


BDx Data Centre Pte Ltd


Hongkong Land


LOGOS Property


PT Taisho Pharmaceutical Indonesia Tbk


Principaux dossiers


  • Assisted BDx Data Center Pte. Ltd. (BDx) through BDx Indonesia — a joint venture between BDx, PT Indosat Tbk and PT Aplikanusa Lintasarta.
  • Acting for PT Astra Land Indonesia in the acquisition of 50 hectares of land in Cikupa, Tangerang from PT Delta Mega Persada, which is owned by CFLD Investment II Pte. Ltd. and PT Alam Sutera Tbk.
  • Assisted PT Taisho Pharmaceutical Indonesia Tbk in respect of its purchase of a plot of land located in Depok area.

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills acts across the real estate sector in Indonesia, such as in M&A, joint ventures, capital markets, investments, financings and restructurings. The firm has recently worked on data centre projects and telecom tower sales. Its association with Herbert Smith Freehills provides a greater pool of talent to draw from in order to provide clients with the best possible service. The practice group is led by Vik Tang, who specialises in M&A and private equity work and Irfan Ghazali who joined the firm in May 2022. Astri Widita Kusumowidagdo is noted for her focus on real estate transactional matters.

Responsables de la pratique:

Vik Tang; Irfan Ghazali


Autres avocats clés:

Astri Widita Kusumowidagdo


Les références

‘The real estate team is led by a very experienced and hardworking partner with great legal acumen. He is partnered with two other local partners who are very experienced in their fields. With their affiliation with Herbert Smith Freehills, they are able to pull international expertise and balance it with local wisdom and flavour.’

‘Vik Tang is very hands on no how matter big or small the issue or matter is despite him being a senior partner.’

‘Irfan Ghazali’s experience in “corporate Indonesian culture” brings a very pragmatic approach to complex issues.

Principaux clients

PT Nirvana Wastu Pratama (NWP)


Marriott International, Inc


PT Indosat Tbk


GIC


Indies Capital


Principaux dossiers


  • Advised PT Indosat Tbk on its joint venture investment with BDx Asia Data Center Holdings Pte Ltd to upgrade and operate multiple data centre businesses in Jakarta, in the largest ever foreign investment into Indonesia’s burgeoning data centre sector.
  • Advised PT Nirvana Wastu Pratama, a subsidiary of Warburg Pincus, on acquisition of a shopping mall, hotel and plot of land used for a restaurant in a mixed-use property complex in Depok, West Java.
  • Advised Indies Capital in the acquisition from the Ciputra Group of 60% of the shares in the operators of 70 Swiss-bel and Zest hotels across Indonesia.

Makes & Partners

Makes & Partners advises major real estate conglomerates on a wide range of matters, including the acquisitions of commercial, residential and healthcare properties. In addition, its close connection with government and regulatory authorities ensures the firm can effectively and efficiently navigate the complex regulations surrounding real estate transactions. Fransisca, the practice leader for the firm, regularly advises multi-national corporations on acquisitions regarding hospitality properties. Also of note for her work across the real estate sector is Angela Epiphani Reformanda. In May 2023, Sabrina Fauzanazila joined the firm from an in-house position.

Responsables de la pratique:

Fransisca


Autres avocats clés:

Angela Epiphani Reformanda; Sabrina Fauzanazila


Principaux clients

PT Agung Podomoro Land Tbk.


PT JTD Jaya Pratama


PT Lippo Karawaci Tbk.


PT Plaza Indonesia Realty Tbk and PT Plaza Indonesia Investama


PT Kawasan Industri Jababeka Tbk.


PT Multipolar Technology Tbk


PT Summarecon Agung Tbk


PT Royal Pacific Nusantara


PT Pakuan Tbk.


Principaux dossiers


  • Advised PT Agung Podomoro Land Tbk, a giant real estate developer in Indonesia, in the sale of its ownership over Central Park Mall.
  • Assisted PT Kawasan Industri Jababeka Tbk in an exchange offer transaction, amounting to USD185,856,000, of 6.50% Notes due 2023 and a consent solicitation exercise.
  • Advised PT Lippo Karawaci Tbk. (the “Company”) in connection with the consent solicitation and notes tender offer of the Company.

SSEK Law Firm

SSEK Law Firm houses a diverse real estate practice, assisting with land acquisitions, property developments, financings, sales and leasing matters in addition to acting in real estate disputes. The firm has acted for clients in the tourism and hospitality sectors, especially within Jakarta and Bali, and the energy and natural resources sector. The real estate practice is led jointly by Denny Rahmansyah, who particularly specialises in real estate work related to hospitality properties, and Michael Twomey, who advises multi-national coperations on commercial real estate development. Other members of note are Michael Carl, who is active in the natural resources sector, and Nico Mooduto for his work on data centre developments.

Responsables de la pratique:

Denny Rahmansyah; Michael D Twomey


Autres avocats clés:

Michael Carl; Nico Mooduto


Principaux clients

Jones Lang LaSalle


Ovolo Group


TSH Resources Berhad


China Fortune Land Development


Gesit Companies


Samanea Group


GDS Services Ltd.


Princeton Digital Group


Sentul City


Principaux dossiers


  • Advised Singapore-based Samanea Group and its Indonesian subsidiary, PT Samanea Tangerang Development on the development of the One-Stop O20 Regional Wholesale Trade City.
  • Assisted TSH Resources Berhad, one of the largest Malaysia-based oil palm plantation groups, with the disposal of land covering more than 13,000 hectares in North Kalimantan, Indonesia, for a total of US$162 million.
  • Assisted Ovolo Group with the acquisition of a resort hotel in Bali.

Bagus Enrico & Partners (BE Partners)

Bagus Enrico & Partners (BE Partners) assists major domestic and international companies woth property development and construction matters, with a particular specialism within the hotel and property space, including hotel-related transactions, land acquisitions, property management, buy-back schemes and time-sharing arrangements. Bagus Nur Buwono  and Enrico Iskandar head the firm’s real estate practice. Other notable members include Debu Batara Lubis  and Jeany Tabita.

Responsables de la pratique:

Bagus Nur Bowono; Enrico Iskandar


Autres avocats clés:

Debu Batara Lubis; Jeany Tabita


Principaux clients

Karma Royal Group


LARSEN & TOUBRO CONSTRUCTION


SIWA Group


PT Keller Franki Indonesia


Jazz Hipster Corporation


Bridge Data Centre Pte. Ltd


CHINA ROAD AND BRIRDGE CORPORATION


LONG JOHN GROUP


THAI UNION FEEDMILL COMPANY LTD


BOILERMECH SDN BHD


International Federation of Red Cross and Red Crescent Society


Hanafiah Ponggawa & Partners – Dentons HPRP

Hanafiah Ponggawa & Partners – Dentons HPRP advises domestic and foreign clients on the laws and regulations governing real estate transactions and land acquisition, often in relation to hospitality properties. In addition, the real estate practice has represented clients in disputes in collaboration with its litigation and dispute team. The team is jointly led by Al Hakim Hanafiah, who is experienced in real estate matters relating to industrial and residential properties, alongside Constant Ponggawa, Fabian Buddy Pascoal, Fabiola Hutagalung and Nashatra Prita.

Responsables de la pratique:

Al Hakim Hanafiah; Constant M. Ponggawa; Fabian Buddy Pascoal; Fabiola Hutagalung; Nashatra Prita


Les références

‘They have good team with capable people and legal knowledge.’

‘The individuals are diligent. They are able to give insight into the hospitality industry.’

Principaux clients

PT Sariarthamas Hotel International


PT Saraswanti Indoland Development, Tbk


PT Esta Multi Usaha Tbk


PT OSI Electronics


PT Prima Bangun Investama


Principaux dossiers


  • Assisted a hotel franchise agreement between a local hotel with Global Hospitality Licensing S.A.R.L.
  • Representing OSI Electronics Pte. Ltd in the acquisition of land located in Batam City, Indonesia.

Makarim & Taira S.

Makarim & Taira S. advises a wide range of clients, including embassies, power plant developers, resort owners, and oil & gas companies on land acquisitionss. The firm draws from its global connections, as part of Drew Network Asia, to provide the relevant expertise to its clients on cross-border issues. Rahayu Ningsih Hoed is the head of the real estate practice and has acted on matters relating to power, infrastructure and mining. Harris Toengkagie is another key member of the practice.

Responsables de la pratique:

Rahayu Ningsih Hoed


Autres avocats clés:

Harris Toengkagie


Principaux clients

PT Wartsila Indonesia


Walalangi & Partners in association with Nishimura & Asahi

Walalangi & Partners in association with Nishimura & Asahi provide services to a wide range of clients, including international property developers and Indonesian foreign investment companies. The firm is well-versed in the regulations pertaining to real estate in Indonesia, enhancing its work on land acquisition, planning and structuring matters. Luky Walalangi leads the real estate practice with clients including Mitsubishi Corporation and Hankyu Hanshin Properties Corporation. Miriam Andreta is also central to the practice.

Responsables de la pratique:

Luky Walalangi


Autres avocats clés:

Miriam Andreta


Principaux clients

AEL Indonesia, PT


Bank of Ayudhya Thailand


Casio Co., Ltd.


Colliers International


Cool Japan Fund


DeClout


Deel Inc.


Denso Corporation


Dhost Telekomunikasi Nusantara, PT


Diamond Development Indonesia, PT


Digital Payments Holdings, Pte., Ltd.


Essex Bio – Technology Limited


Family Mart Co., Ltd.


Geo Technologies, Inc.


Global AI Innovations Laboratory Co., Ltd. (Gailabo)


Google Inc.


Google Indonesia


GS Yuasa Corporation


Hankyu Hanshin Properties Corp.


Haseko Corporation


Hitachi Transport System, Ltd.


Hokkan Holdings Corporation


Idemitsu Corporation


Idemitsu Kosan Co., Ltd.


Idemitsu Lube Indonesia, PT


Idemitsu Lube Techno Indonesia, PT


Indonesian Defence and Security Technologies, PT


Indonesia Steel Tube Works, PT


INPEX


Itochu Corporation


Itochu Singapore, Pte., Ltd.


Japan Asia Medical Investment Corporation


Junhe Law Office


KDDI Corporation


Krama Yudha Ratu Motor, PT


Krama Yudha Tiga Berlian Motor, PT


Kobelco Group


LAPI Laboratories, PT


List Holdings Singapore Pte., Ltd.


Lotte Co., Ltd.


Macallan Capital


Marubeni Corporation


Mercedez Benz AG


Metal One Corporation


Mitbana Corporation


Mitbana Jurong Pte., Ltd.


Mitsubishi Corporation


Mitsubishi Corporation LT, Inc.


Mitsubishi Corporation Trading Indonesia, PT


Mitsubishi Corporation Urban Development Indonesia, PT


Mitsubishi UFJ Lease & Finance


Mitsui & Co., Ltd.


Mitsui Energy Trading Singapore


Mitsui Indonesia, PT


Mizuho Bank, Ltd.


MUFG Bank


Nippon Steel Corporation


Nokia Indonesia


Orient Corp


Osaka Steel Corporation


Otsuka Holdings Co., Ltd.


OY! Indonesia


Penske Truck Leasing


PING AN


Properti Solusi Manajemen


Resona Bank, Japan


Resona Indonesia Finance, PT


Roblox


Saint-Gobain Indonesia subsidiaries


Secom Co., Ltd.


Showa Denko


Showa Leasing Co., Ltd.


SMBC Nikko Securities Inc.


Squire Patton Boggs Singapore LLP


Superstructure Technologies Pte., Ltd.


TIS Inc.


Tokyo Gas Corporation


Tokyo Tatemono


Toyota Tsusho Corporation


TREC, PT


TTLR, PT


Yamaha Motor, Co., Ltd.


Yamaha Music Indonesia, PT


Principaux dossiers


  • Advising Mitsubishi Corporation on the project development of smart urban facilities through joint venture and acquisition with the leading Real Estate Indonesian conglomerate, Sinar Mas Land.
  • Advising Hankyu Hanshin Properties Corp. in its investment in PT Duta Cakra Pesona which owns and operates 3 prestigious premium buildings and offices in Jakarta.
  • Assisting PT MC Urban Development Indonesia (MCUDI), a real estate development company and a wholly-owned subsidiary of Mitsubishi Corporation (MC), in its strategic partnership with Indonesia Investment Authority and the ESR Group to develop an estimated US$1 billion worth of logistic assets in Indonesia over the next five years, through joint venture investments in modern warehouse facilities in Cikarang and Karawang, West Java.