(Following is a press release of Ananda Development Pcl
via an electronic mail. The statement was confirmed by the
19th June 2013
Ananda Development PCL announces its signing of a joint-venture
partnership agreement with Mitsui Fudosan Residential Co., Ltd.
Bangkok, 19 June 2013 - Ananda Development Public Company
Limited announces its signing of a joint venture agreement with
Mitsui Fudosan Residential Co., Ltd.
Ananda Development has signed a joint-venture partnership
agreement with Mitsui Fudosan Residential Co., Ltd (MFR) to
develop property projects in Thailand.
The joint venture is for the two parties to co-invest in real
estate development projects in Thailand and with the intention
of sharing knowledge and experience.
MFR is a subsidiary of Mitsui Fudosan Co Ltd, which recorded
revenue of JPY1.445 trillion (US$14.007 billion) at the close of
the last financial year.
“Ananda Development is deeply honoured to partner Mitsui Fudosan,
one of Japan’s most renowned property developers. This is the
result of intensive research of Thai developers by Mitsui
Fudosan and extensive discussions between the two companies and
we consider this to be a major endorsement of Ananda,” said
Chanond Ruangkritya , CEO of Ananda Development PCL
“We are very excited to work closely with Mitsui Fudosan, with
its vast experience and expertise, in the development of
residential projects in Bangkok. We are looking forward to
learning from our new partner as it is one of the world’s
leading property developers. We also hope this partnership will
pave the way to even greater exposure of the Ananda brand to the
highly-discerning Japanese market,” he added.
“We expect to announce the details of our first joint project
very soon.”, he added.
About Ananda Development PCL
Ananda is a publicly listed real estate development company
listed on the Stock Exchange of Thailand (Symbol: ANAN)
The company is the leading developer in Thailand of residential
condominium projects within 300 meters of mass transit stations.
The company also develops landed housing projects in Bangkok.
Ananda’s primary brands are “IDEO” condominiums, situated within
300 meters of a mass transit station, which are targeted at
first home buyers and professionals who value modern design,
convenience and ease-of-access when choosing a place to live,
and “ELIO” condominiums, situated within 600 meters of a mass
transit station, which are aimed at those who want the IDEO
lifestyle but at a lower cost.
For more information, please contact:
Dr. John Millar
Tel (+66) 2697-3300 ext 3053
Mobile (+66) 8 7799 1946
Fax (+66) 2697-3311
Kulnaree Meekaew (Mint)
Tel (+66) 2697-3300 ext 3208
Mobile (+66) 85 365 3337
Fax (+66) 2697-3320
Ananda Development Public Co.,Ltd.
11th Floor Lake Ratchada Office Complex Building
193-195 Ratchadapisek Rd., Klongtoey
Bangkok 10110, Thailand
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