Retail in Asia

In Shops

Thailand’s Property Perfect eyes foreign retail partner

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."

(Source: Bangkok Post)