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Indonesia 2015 | Brand Profiles | 22 | Summarecon

Company: Summarecon Agung Tbk PT

Brand value: US$477 million

Headquarter city: Jakarta

Industry: Real Estate

Year formed: 1975

Township developer with hospitality and leisure projects

Driven by its corporate motto, Wonderful Life – Wonderful World”, Summarecon is a property player specializing in townships that integrate commercial space with residential propertyand community facilities. Working across Indonesia, with a focus on the regions of Kelapa Gading, Serpong, and Bekasi, Summarecon has expertise in urban planning, construction, sustainable design technology, and neighborhood management. The company also runs several leisure and hospitality developments; the Movenpick Resort and Spa in Bali is due to open in 2016.

Summarecon was founded in 1975 by Soetjipto Nagaria, who is now one of the country’s most prominent businessmen and philanthropists. Summarecon has won a host of industry awards in recent years, including 2014 Highly Commended Residential Development Indonesia at the Asia-Pacific Property Awards for Scientia Garden at Summarecon Serpong. The brand has a strong public presence at events that promote Indonesian creativity, and this year sponsored the Jakarta Fashion & Food Festival for the 12th year. Sum