Originally established in 1988, Citra Buana Prakarsa made it’s name as one of the key players in the alcohol and tobacco industry in the Asia-Pacific region. Over time, CBP took beyond the import and export business, and has, in the past 20 years, diversified into property development, establishing itself as a leading developer in the field of top-quality residential, commercial and hotel properties throughout Indonesia.
As It’s activities cover the entire prime property development value chain, from site evaluation to project planning, implementation and marketing. Citra Buana Prakarsa focuses on city and service residences in exceptional locations and featuring high-quality fittings for a discerning clientele. The company’s integrated corporate strategy encompasses not only the development of high-quality residential properties, but also the management of investment properties for the purpose of generating consistent annual revenues.
With an extensive network of subsidiaries and associated companies under its wing, the Group currently owns and manages a solid portfolio of commerical and investment properties, including international hotels. In Batam alone, The Group has established a remarkable track record of having developed 1000s of luxurious and quality homes catering to a wide range of market segments. Enabling Batam as one of the foremost Special Economic Zone districts in Indonesia. It currently owns over a million square feet of lettable office area, industrial, retail, residential and hotel space internationally.
Our Principal Investment business, leveraging on years of experience and success as an investor, has been built up into a core business of the Group with a team of well-trained and experienced investment professionals covering equity and direct investments as well as treasury operations. Our investment management teams have been organized regionally to harness the group resources under Retail Real Estate Management and Retail Real Estate Capital Managment
The Group’s global presence is led by its diversification into hospitality management and the acquisition of hotel assets.