Thai Tycoon's Property Unit Plans to Double Assets to $9 Billion
A Thai developer of hotels and shopping malls controlled by the country's second-richest man plans to double its assets over the next five years on expectation tourism growth and economic recovery will drive demand for accommodation and office space.
Asset World Corp. will increase the size of its operating assets such as hotels, office buildings and shopping malls to more than 300 billion baht ($8.9 billion) by end of 2029 from about 150 billion baht now, said Chief Executive Officer Wallapa Traisorat. The expansion will come from new acquisitions and greenfield constructions, she said.
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We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Property developers can't hide behind voetstoots clauses
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