Meisterstadt


Meisterstadt, also known as Pollux Habibie, is a mixed real estate development at Batam Centre, Batam, Riau Islands. The development consisting of eleven towers, eight residential tower, a mixed office and hotel building, a hospital, a university with a mall, below the towers and shop-houses with green public spaces, envisioned as an integrated vertical city. It is currently under construction.
Pollux Properties is the main developer of the project alongside with some locals. The project is also known as Pollux Habibie because the dream and the efforts of B. J. Habibie, the former President of Indonesia for the island to be the most strategic economic city in Indonesia. The development has a land area of about 9 hectares. If completed, the Pollux Habibie Financial Center & International Hotel in the complex will be the tallest building in Indonesia outside Java Island.

History

The project groundbroke on August 27, 2016. It was attended by Pollux Habibie International commissioner Ilham Akbar Habibie, who also B. J. Habibie's son, and the president commissioner of Pollux Properties Timur Pradopo, who was also the National Police chief from 2010 to 2013. On the groundbreaking ceremony, it was stated that the towers will be "taller than those in Singapore". It also announced that the project will be finished by 2024.
On August 30, 2017, state-owned company PT PP Construction & Invesment signed a Rp3 trillion construction deal with Pollux Properties. It was signed at B.J.Habibie's house in Kuningan, West Java. The contract stated that PP would manage construction process of the first phase which expected to be finished by the end of 2019.
Pollux also made several other dealings during the construction. On February 7, 2018, they made a payment deal with BNI to help buyers on investing their money into the project. Moreover, on February 25, 2019, a Rp238 billion joint-venture between the developer and the elevator giant, KONE established. It was announced that KONE will designed the elevator for all towers in the project. In the following year, Pollux made another signing that worth Rp100 billion with PT. FTN on January 22, 2020 to build a fiber optic network on the project.
The construction process was on schedule as expected. The first structure to be completed, A1, topped out on January 15, 2019. It then followed by A2 on 5 March and A3 on 10 April, while the last structure of the first phase, A5, topped out in 21 August, all are in the same year.

Phase 1

The phase 1 of the project, which was completed in late 2019, consists of 4 residential towers and 113 shop-houses. The A5 tower called Erlesen Luxury Penthouse Residence Tower is the most exclusive residence of the project, contain just 385 apartement units.

Phase 2

The phase 2 will begin construction when the phase 1 has just finished.

Ownership

Under the terms of their agreements with the Habibie's family, Pollux Properties retain 51 percent of the stakes, while the family own 49 percent. In this case, Pollux is responsible for the construction of the project, while the Habibie's family acts as the land provider. Therefore, the company developed the project under the name of Pollux Habibie International as a form of cooperation with them.