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Pruksa looks at Bangkok retail space

By on Mar 01, 2016 in Property News, Retail

The SET-listed developer Pruksa Real Estate Plc is revamping its structure to look at diversifying into recurring-revenue property and non-residential development. Restructuring will make the company more flexible in investing in other businesses other than residential development. Pruksa is planning to hire Baker & McKenzie to provide advice on expansion and investment.

Pruksa are considering diversification that offers returns no lower than the return on residential development. Investments under consideration are offices, hotels, serviced apartments, retail space and theme parks.  Chief Operating Officer Lersuk Chuladesa said Pruksa Real Estate was also interested in government investment in for example the State Railway.

By year-end, it expects to have 51 billion baht in presales and 52 billion in revenue, representing growth of 20.3% and 2.6% respectively.

Source: Bangkok Post 24th Feb 2016
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