Thai property developer AP (Thailand) PLC has joined forces with Japan’s largest real estate developer to jointly develop three large condominium projects in Bangkok.
In a move that further strengthens its position as a leading developer of urban condominiums with space optimization expertise, AP will partner with Mitsubishi Estate Group (MEC) to developer the projects with more than THB7 billion. The sites will be next to BTS and MRT stations and will be launched during May.
AP’s Chief Executive Officer Anuphong Assavabhokin said that the partnership is an important step toward fulfilling AP’s goals as a real estate developer with a vision to become “the most responsive creator” for its customers.
By forging an alliance with MEC, AP is taking a major step towards raising its potential as an organisation, as well as the knowledge and abilities of its people. In recent years, the company has sent its staff to exchange training programs to enable them to work more effectively in all aspects of the company’s operations, from construction and product quality assessment to sales, so that they can apply the knowledge gained to further raise the company’s operations in line with international standards.
The joint venture will encompass three condominium projects in Bangkok. Rhythm Sukhumvit 36-38, located 300 metres from BTS Thonglor Station, will cater to those who are attracted to the diversities of life in this vibrant neighbourhood, while Rhythm Asoke II, located 400 meters from MRT Rama 9 Station and 60 meters from the Expressway, will target working people in the Asoke and Ratchadapisek areas. The third development, Aspire Ratchada-Wongsawang, will be a 100-metre walk to Wongsawang station on the MRT Purple Line and will cater to working professionals.
Hirotaka Sugiyama Chief Executive Officer, Mitsubishi Estate Group said he is pleased to have AP as its partner in Thailand
“Looking at AP’s business projects and the sincere attitude towards your business and customers, and our group’s brand slogan “A Love for People, A Love for the City”, I believe that our affinity is very strong.”
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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