Carl E. Bolch, CEO of US based investment company Stern Resources Group, signed an agreement with the property management company Royal D’Paragon Land in Indonesia.

Bolch met with deputy director Hartadinata Harianto and Dyarar Hidayat, general manager of D’Paragon in Jakarta. After an hour-long meeting, the American company announced that they had agreed to develop private dormitories in Indonesia. The company will make its first investment in May.

“Our first round of investment will mainly focus on building development and management development,” Hartadinata said.

Bolch said he was astonished by the business concept and building designs developed by D’Paragon. He added that this might be adopted in the United States.

Syarif said the exclusive dorms were currently in demand, as these provide safe and comfortable living spaces. He said D’Paragon strives to provide the best service for its customers.

Syarif added that there is great promise in working with Stern Resources Group.

“Royal D’Paragon Land will continue to expand to other cities across Indonesia, mainly Yogyakarta, Medan, Makassar, Pekanbaru, Malang, Sorong and Jayapura,” he said.


Sevdenur Demir / [email protected]