Property/Mori Trust Asean invesment debut

Editorial staff

Leading Japanese real estate company, Mori Trust Co makes its Asean investment debut with Major Development for a Luxury residential project.

Malton Gates Krungthep Kreetha 2

Petrada Poolvoralaks, CEO of SET-listed Major Development Plc, a prominent Thai luxury real estate developer announced a joint venture project with Miwako Date, president & CEO of Mori Trust Co, one of the Japanese leading real estate companies.

A joint venture project MaltonGates Krungthep Kreeta 2 will be a luxury single detached home development with a project value of approx. 2.1 billion baht. Construction is slated to commence in Q3 2024, representing Major Development's continued success in luxury housing project developments where sales is set to begin in early 2025.

Ms Petrada Poolvoralaks, CEO of Major Development Plc.

Mori Trust is engaged in developments of large-scale mixed-use projects, primarily in the Tokyo metropolitan area, and the hotel and resorts business nationwide. Under the corporate slogan “Create the Future,” Mori Trust operates 64 buildings, residential buildings, and commercial facilities in Japan and overseas and 35 hotels and resorts in its three core businesses of real estate, hotel & resorts, and investment as of March 2024.

“It is a great pleasure for us to partner with Major Development. I am also very excited by the launch of this project, which is Mori Trust’s first investment in ASEAN and also our first overseas luxury residential development project. We are making steady progress to achieve our new medium to long-term vision “Advance 2030”. Without limiting ourselves to certain areas or types of asset, we will continue to aggressively expand our overseas business,” Ms Date said.

Ms Petrada said: “I am extremely delighted and grateful for the opportunity to partner with Mori Trust spearheaded by CEO, Ms. Miwako Date whom I have great admiration and respect for. This partnership represents a monumental leap forward for our company. Major Development is unwavering in its commitment to upholding the pinnacle of Craft and Quality excellence, and we are elated that Mori Trust has chosen to make their inaugural overseas luxury residential investment with us.”

Ms Miwako Date, president of Mori Trust Co., Ltd.

Malton Gates Krungthep Kreetha 2 extends the success of the first Malton Gates Krungthep Kreethaproject. Sales have outperformed targets, buoyed by its exceptional and timeless design that seamlessly integrates functional features catering to residents' well-being.

Situated in a prime location, the development is equipped with comprehensive amenities, surrounded by international schools and community malls, ensuring convenient access for city commuting. With its exceptional location and Major Development's meticulous design approach, Malton Gates Krungthep Kreetha 2 extends the success of its predecessor to meet ongoing market demand in this sought-after location.