Thai – Japan Real Estate JV Finalised

In another example of Japanese investment in the Southeast Asian real estate sector, a new joint venture between Thai property developer Ananda Development and Japanese real estate developer Mitsui Fudosan is expected to be finalised in November.

The two companies have been involved in a joint venture since 2013 on 12 investments including a number of condo projects. Nine are already in operation with the others being completed.

Their new joint venture focuses on developing five condo projects, all located near skytrain stations in central Bangkok and is estimated to be worth approximately USD433.5 million.

Mitsui Fudosan has also expressed interest in investing in Thailand’s logistic and warehouse development real estate sector.

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