Raimon, Japan partner join for condo projects
Listed property firm Raimon Land Plc has formed a joint venture with Japanese property firm Tokyo Tatemono Asia Pte Ltd to develop two condominium projects on Sukhumvit and Sathorn at a total investment cost of Bt9 billion.
Raimon Land will take a 51 per cent stake in the new compnay with the Japanese partner holding the balance of 49 per cent, said chief financial officer Sataporn Amornvorapak at the signing yesterday.
