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IFA Takes Larger Stake In Raimon Land

Category: Real estate, Posted:10 Aug 2009 | 16:47 pm

Middle East institutional investor IFA Hotels and Resorts has increased its interest in Thai listed property developer Raimon Land by 14.92%, which effectively brings shareholding to 41.07%. During the economic downturn IFA has continued to put short term operating loans into the local firm as it regards longer term recovery fundamentals as strong. Two of the groups projects are located in Phuket with Kata Gardens which is sold out and The Heights holding only a few remaining unsold units. IFA has also established a permanent port for one of its Yacht Membership vessels which is part of a global scheme targeting high net worth individuals.
Recently Raimon who are developing a mega project in Bangkok 'The River' were able to acquire the defunct Lehman Brothers interest in the project through an acquisition. This current consolidation of the project has resulted in a syndicated refinancing of the project of 5 billon baht by a consortium of 3 leading Thai banks. In spite of a downturn the firm looks to be taking strong measures in ensuring its longer term financial health back of these actions.

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The C9 Sessions – The Growth of Branded Residences in the Philippines

Category: Real estate, Posted:23 Jan 2025 | 11:33 am Branded residences and mixed-use projects are becoming a significant player in Philippines’s hospitality space. As property developers, real estate investors and property buyers are learning, this is a complex space that requires well-structured projects. Join us for a unique 90-minute learning session about all the moving parts in this rising marketplace. The session will feature […]
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Video Sessions From Thailand Tourism Forum 2025

Category: Hotels|Real estate|Tourism, Posted:22 Jan 2025 | 08:18 am In case you missed the Thailand Tourism Forum 2025 in Bangkok last week or did attend, and want to rewatch some sessions please find video links to all below. The event drew over 1,000 attendees and was the 14th year for TTF. We look forward to returning in 2026, but for now please enjoy the […]
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Gamechanger: Phuket’s 80-Meter Development Height Restriction Repealed

Category: Hotels|Real estate, Posted:31 Dec 2024 | 11:19 am One of the most significant changes to Phuket’s real estate sector this year is the repeal of the 80-meter development height limit. In a recent Government Gazette, the Thai Cabinet approved a re-zoning proposal by the Minister of Natural Resources and Environment, which now allows development in Zone 6 of Phuket to extend up to […]
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