Raimon Land joint venture with Tokyo Tatemono

On 19 April 2018, Raimon Land PLC and Tokyo Tatemono join hands in an exclusive joint-venture agreement to develop multiple residential projects in Bangkok. The first 2 hi-end residential projects will be located near BTS Phrom Phong and BTS Surasak with total combined project value over 9 Billion Baht. Raimon Land strongly believes that the projects will resonate with clients’ demand for good locations and quality products. CEO, Mr. Adrian Lee targets revenue of 10-12 Billion Baht in the next 5 years with low D/E not more than 1. This landmark joint venture is which will allow the company to not only grow stronger, but will create invaluable synergies between both companies. Raimon Land strongly believes the JV will benefit not only company but to all stake holders. The joint venture will be 51% owned by Raimon Land PCL. and 49% Tokyo Tatemono Asia Pte Ltd. (TTA), a Tokyo Tatemono subsidiary for its Overseas Business.