MontAzure, Twinpalms join for condo in Phuket
MontAzure, a mixed-use development in Phuket's Kamala area, has teamed up with hospitality company Twinpalms to launch a branded residential project on one of the last direct beachfront sites on the west coast of the island.
Twinpalms Residences Mont-Azure will comprise 75 luxury condominium units, with 100 metres of beach frontage, located between Millionaire’s Mile and the Amanpuri headland. It will be operated and managed by Twinpalms when it is completed towards the end of 2017. The project represents the first phase of MontAzure’s 454-rai (72.6-hectare) site master plan, valued at Bt15 billion, which will feature a number of integrated components, including a five-star hotel, four beach clubs for public and private use, 13 private hillside estate villas and a 200-rai nature reserve.
"We are genuinely excited to enter into this agreement," said MontAzure managing director Roland Bleszynski. "The Twinpalms brand is synonymous with a refined resort experience, and this combined with consistently exceptional |standards of hospitality has |created strong recognition and above all an extremely loyal following worldwide.
Twinpalms founder and managing director Carl Langenskiold said: "There were simply too many synergies to ignore. We were looking for growth opportunities and Mont-Azure offered a perfect solution for us to extend our brand and management capabilities into a project designed by the same designer as ours. So it was a strong fit."
Twinpalms Residences Mont-Azure was designed by Martin Palleros, of Tierra Design, who also provided the master plan for the entire MontAzure project.
The sales gallery will open in December and will feature a Twinpalms restaurant right on the pristine pine-fringed beach in North Kamala as a part of the building. Positioned at the luxury end of the tourism and second-home investment market, MontAzure is the brainchild of three of the most prestigious property and hotel investment groups in Asia.
Arch Capital (Hong Kong) and Philean Capital (Singapore), part of Pontiac Land Group, have teamed up with local partner Narai Group (Thailand) to launch what will be Asia’s most exceptional residential resort development.
Twinpalms Residences MontAzure offers one- and two-bedroom units with penthouses having access to a private rooftop and pool with prices ranging from Bt8 million to Bt93 million. Investors are invited to join in the management pool and benefits of a well-managed hospitality operation with attractive yields and owner usage up to 45 nights per year.
