Money & Wealth: Two developments by PACE in 2014

Money & Wealth: Two developments by PACE in 2014

23 May 2014

Sorapoj Techakraisri, CEO of Pace Development, said that the company will focus on 2 businesses in this year. For MahaSamutr, it is a high-end villa development in Hua Hin which is worth 2.7 billion baht. After being launched in the last July, the company has engaged Thai Obayashi, the world’s leading construction company, to build the infrastructure. Meanwhile, MahaNakhon is a mixed-use development providing 200 Residences called The Ritz-Carlton Residences, 159 rooms of Bangkok Edition Hotel and Lifestyle retail center or MahaNakhon CUBE. In this year, the company converted the ownership of MahaNakhon from leasehold to freehold which has raised its investment from 1.9 billion baht to 21 billion baht. This will make MahaNakhon become more interesting for customers and investors.