Cepta acquires Utama Real Estate Group
Singapore and Indonesia

Cepta acquires Utama Real Estate Group
Singapore and Indonesia

Cepta Holdings has completed the acquisition and merger of Utama Real Estate Group into its operations. Utama Real Estate Group, an independent real estate developer and capital structuring firm operating in Singapore and Indonesia, has been integrated into Cepta Holdings. Under this merger, the Singaporean arm of Utama will operate under the new name “Cepta Holdings Asia” and serve as the central unit for Asian operations. Meanwhile, the Indonesian business of Utama will be rebranded as “PT Belgrave Utama Group” and will act as the execution arm of the group in Indonesia, which is considered one of the core markets for Belgrave Group. Utama’s existing project portfolio, consisting of hotel developments, office towers, and industrial park township projects, will be brought into the Cepta Holdings fold and will continue to be operated and developed.

Danny Topperberg, Managing Director of Cepta Holdings, expressed, “We identified Southeast Asia as a key growth market to diversify into, leveraging the close geographic and business ties the region has with Australia. Utama was the perfect acquisition and merger partner for us, given its advanced stage of development, which provided us with a substantial portfolio and the opportunity to enhance our funding and commercial structures. We see this as a mutually beneficial partnership and look forward to expanding jointly as a unified entity.”

Nimas Utama, the founder and Director of Utama Real Estate, added, “We established our group in Asia with strong connections to key sponsors and stakeholders in the real estate industry, allowing us to gain their trust and become their trusted partner in developing significant projects with blue-chip partners across our focus areas in Asia, including ongoing projects in Jakarta, Bali, and Ho Chi Minh City. Cepta brings experience and reach that will support our group’s next stage of development by providing access to unique capital solutions. The team is uniquely positioned to structure and offer access to key investors and a market base in Australia, one of the largest sources of investment in Southeast Asia. We are excited about the joint growth of the new group.”

Utama will be integrated into Cepta Holdings’ management team, with a focus on Asian Market Development, working closely with Mr. Topperberg to drive corporate growth in the region.