Raimon Land

History

Raimon Land was founded on 14 February 1987 and has been listed on The Stock Exchange of Thailand (SET) since 10 September 1993.

With a primary focus on developing premium residential property, the company has a strong presence in Bangkok, Pattaya and Phuket.

As of 2015, the majority shareholder of Raimon Land is JS Asset, a privately owned Singaporean investment company which acquired a controlling 24.9% stake of the firm in 2013. JS Asset is also part of a group of high-profile global companies which include Ezra Holdings, Loyz Energy Limited, Klapsons Boutique Hotel, and Select Group.

Currently, the Raimon Land Chairman is Mr. Pradit Phataraprasit, a former Deputy Minister of Finance at Ministry of Finance, Thailand since September 2008, and former President of Thai Agro Exchange Company Limited; Director of Thai Beverage Public Company Limited from 2001 to 2004; Executive Director of Pattharaprasit Holding Company Limited from 1993 to 2007; Executive Director at Patra Porcelain Company Limited from 1988 to 2007; President of Siam Chao Phraya Holding Company Limited from 1988 to 1995, Executive Director of Bank of Asia Public Company Limited from 1988 to 1995 and Vice President of The Mall Group Company Limited from 1985 to 1988. He has been the Chairman of the Board at Raimon Land Public Company Limited since February 1, 2013 . The Chief Executive Officer of Raimon Land has changed several times; in 2004 - 2009 it was Nigel Cornick, replaced by Hurbot Viriot, who was succeed by Johnson Tan, appointed in May 2013 until 2016. The current CEO is Adrian Lee.

For the purpose of retention of senior management of the company to retain personnel with high capability, Raimon Land issued 44.5m ESOP warrants to Johnson Tan and Director Adrian Lee at 0THB per warrant(RML-WB) with an exercise price of 1.67THB per warrant in the year 2015.

Past Developments

Since 2004, Raimon Land has completed 11 residential developments in Thailand, including:

Bangkok: 185 Rajadamri, The River, The Lakes, The Legend Sala Daeng, The Lofts Sathorn, The Lofts Yennakart.

Phuket: Kata Gardens, The Heights Phuket

Pattaya: Northshore, Northpoint, Zire Wongamat

Zire is now 91% sold with transfers commencing in late 2014. 185 Rajadamri was 89% sold at year end in 2014 and has achieved the highest price ever reached in the Bangkok market, with sales hitting well above 400,000b per sqm in 2014.

Current Developments

Raimon Land PLC is currently in the process of constructing Unixx South Pattaya in Pattaya and The Lofts Ekkamai in Bangkok. The Lofts Ekkamai is scheduled for completion in 2016.

UNIXX is a 7 rai development on Pratumnak Hill, and recently Raimon Land announced additional facilities targeting families both Thai and international, while construction has continued on target with completion scheduled year end 2015. On 20 May 2015, Raimon Land held the topping off ceremony for UNIXX South Pattaya, marking the building reaching its full height of 46 storeys, which features 1,200 units and affordable prices with seaviews.

Raimon Land’s began construction of Mews Yen Akat by Raimon Land in mid 2015, a landed housing estate comprising 9 homes in the heart of the Sathorn business district of Bangkok. Designed by architect Sumeth Sukapanotharam, The Yen Akat development is the inaugural issue of Raimon Land’s new Limited Edition product line, with construction by Prebuilt PLC.

More recently, Raimon Land revealed presales for The Lofts Asoke would start in November 2015, and following 3 days of sales, the company reported sales beyond expectation reaching around 35% by unit numbers out of 211.

Upcoming Developments

At the 2015 Annual General Meeting, Raimon Land revealed purchase of land in Asoke, for a new development named The Lofts Asoke. It is expected that the official launch will be in Q2 2016.

Retail & Commercial

Raimon Land owns Vue, a community lifestyle mall already operating, adjacent to The River on Charoen Krung Road Soi 13 in the Thonburi Area of Bangkok and serves the surrounding community as well as residents of The River, part of a group of riverside community malls in the area. The Vue opened in 2012.

Space 48 is an 8-storey office building, with a total area of approximately 2,000 sqm, located on Rajadapisek Road, approximately 100 meters from the MRT Suthisan station.

Raimon Land also owns and operates klapsons Residences Bangkok, which are longstay serviced apartments located in The River.

Awards

Raimon Land was awarded the title of Best Developer for two consecutive years at the Thailand Property Awards 2007 and 2008 including the most recent win of “Best Condo Development (Eastern Seaboard) 2010” for Northpoint and “Best Condo Development (Thailand) 2009” for The Heights Phuket.

The River has been recognized as a leading landmark development in Thailand, winning the prestigious Thailand Property Award "Best Luxury Condo Bangkok" Award in 2012, as well as "Best Condo Development" in the same year.

More recently, Raimon Land won the award for Best Luxury Condominium 2013 for their 185 Rajadamri development