Property Perfect eyes foreign retail partner
New fund aimed at enhancing revenue
- Published: 16 Jun 2012 at 00.00
- Newspaper section: Business
Property Perfect (PF), the SET-listed developer, is looking for a foreign partner to help it diversify into retail and is setting up a property fund to improve its revenue structure and funding sources.
"We have land banks in prime locations that are surrounded by housing and condominium projects. They are suitable for developing a mall to serve these communities. We're interested in the retail business because it will increase regular income for the company," said chief executive Chainid Ngowsirimanee.
"We're also looking for a big foreign player in the retail business to be our partner."
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