Groundbreaking for Allianz Tower in Jakarta

PT Asuransi Allianz Life Indonesia
Jakarta, Jul 6, 2009

The foundation for a special and architecturally attractive office tower in Jakarta has been laid. The new 28-storey building will be built according to the latest environmental standards and will carry the name "Allianz Tower". Upon completion in 2011, Allianz will use it as its new head office for its Indonesian operations.

"This new office, will enable our two Allianz companies to grow together more closely and to work as 'One Allianz' in Indonesia. Besides having 'Allianz Tower' as the building’s name, we will implement a one contact approach for our clients as well as a single service standard and a 'One Stop Solution' concept for all our insurance services to our customers and business partners," said Jens Reisch, CEO of Allianz Life Indonesia.

"At the same time, the Allianz Tower will also facilitate higher operational efficiency through stronger synergies between the two companies, which will be developed under the new Allianz Group's Target Operating Model (TOM) approach," added Volker Miss, CEO of Allianz Utama, Allianz's P&C company in Indonesia.

The Allianz Indonesia's new office project team confirmed to use this ready-to-build office building which is located in one of Jakarta's prominent office locations, the Kuningan area.

The construction period, which is expected to be finished by early 2011, will be insured by Allianz Utama. The total project value of 200 billion Indonesian Rupiah showcases Allianz expertise in handling such large engineering risks while at the same time ensuring that the project will be running and finished properly to meet the scheduled move of Allianz to the new premises by mid 2011.

The Green Building
In alignment with the Allianz global initiatives to protect the environment, the "Allianz Tower" architecture and development plan reflects all aspects of Environmentally Sustainable Design (ESD) fundamentals. The building orientation and its advance glazing technology are aimed to reduce the heat and direct UV exposure from the sun which will lead to less power consumption for air conditioning. The "Allianz Tower" design also allows approximately 70 percent of its nearly one hectare land to be used as natural rain water absorbent. The building will also be equipped with state of the art water recycling facilities.

The owner of the building is KOMPAS-GRAMEDIA Group, the biggest media corporation in Indonesia. The design of the "Allianz Tower" stands for the principal concepts of openness, transparency, flow of information and harmonious integration of a modern office building in an environmentally friendly manner.