Photo Release: UOB (Thai) provides THB 880 million loan for The Lofts Ekkamai, the latest project by Raimon Land

Stocks and Financial Services Press Releases Thursday June 27, 2013 12:14
Bangkok--27 Jun--UOB

United Overseas Bank Thailand PCL (UOB Thai) today announced it had signed a THB 880 million loan agreement with real estate developer Raimon Land Ekkamai Co, Ltd to finance the construction of The Lofts Ekkamai.

The Lofts Ekkamai Project is a 28-storey residential condominium targeted at local and foreign home buyers. The new residential condominium is located in Bangkok's burgeoning Ekkamai -Thonglor district and along the city's main sky train line.

Mr. Peter Foo, President and Chief Executive Officer, UOB (Thai) said, "We are delighted to partner Raimon Land Ekkamai Co., Ltd in their latest residential project situated in the heart of the city. Demand for condominiums and apartments in the downtown and midtown areas of Bangkok has risen as a result of the growing affluence and rising lifestyle aspirations of the Thais. In 2012, total occupancy in Bangkok's downtown and midtown areas reached a high of more than 300,000 units."

Raimon Land Ekkamai Co., Ltd. which is wholly owned by Raimon Land PLC, has a market capitalisation of THB 8 billion and is a leading private developer of high end residential properties in Bangkok and Phuket.

Latest Press Release

Fitch Rates ICBCTL#s Senior Notes #AAA(tha)#

Fitch Ratings (Thailand) Limited has assigned ICBC (Thai) Leasing Company Limited's (ICBCTL, AAA(tha)/Stable/F1+(tha)) upcoming long-term senior unsecured notes a National Long-Term Rating of 'AAA(tha)'. The notes will be issued under ICBCTL's THB30...

UnionPay offers foodies exclusive fine dining experiences at a special price At Bangkok Restaurant Week 2018

The highly anticipated Bangkok Restaurant Week 2018 from Wongnai is here. The annual festival is bringing foodies fine dining experiences and special deals from over 50 most well-known restaurants across Bangkok. UnionPay, the best payment companion for...

TCEB unveils its 2019 strategy under a brand-new campaign Thailand: REDEFINE Your Business Events

TCEB today announced a launch of its new brand marketing communication campaign "Thailand: Redefine Your Business Events". The new campaign has prompted the bureau to redefine its role as an industry's partner for success. Tapping into the growing...

L1 Treasury จับมือ Airborne Capital ทุ่มทุน 250 ล้านดอลลาร์สหรัฐ เปิดตัว AltitudeOne Aviation

- AltitudeOne Aviation Ltd ("AltitudeOne Aviation") เป็นธุรกิจร่วมทุนที่เปิดตัวโดย LetterOne Treasury Services SA ("L1 Treasury") และ Airborne Capital Limited ("Airborne Capital") - AltitudeOne Aviation จะลงทุนในพอร์ตหลากหลายประเภท...

L1 Treasury and Airborne Capital Commit US$250m to Launch of AltitudeOne Aviation

- AltitudeOne Aviation Ltd ("AltitudeOne Aviation") is a venture launched by LetterOne Treasury Services SA ("L1 Treasury") and Airborne Capital Limited ("Airborne Capital") - AltitudeOne Aviation will invest in a diversified portfolio of in-production...

Related Topics