Singha Estate sells stake in NVD
A group of Nirvana Daii Public Co., Ltd. (NVD)'s shareholders, led by Sornsak Somwattana, has acquired Singha Estate Public Company Limited’s entire shareholding in NVD.
Sornsak Somwattana said, “We are very confident in the enormous potential of Nirvana Daii and look forward to the years ahead to build on this company’s exceptional track record as a developer of some of the finest residential properties in Thailand.”
Located in Bangkok, Thailand, NVD currently operates a real estate development for sale, including a land development, both inside and outside of the development projects, and a development of residential real estate projects, which includes single-family homes, townhomes, offices and condominiums.
Singha Estate is a property developer aimed at expanding its business and investment via land purchases in high-potential locations and quality project development under the “best in class” concept, in tandem with investors and/or joint investments in businesses or assets with high-growth potential. The company’s goal is to be the top property developer dedicated to creating quality projects and new lifestyles for people to live, play, work and shop, together with nurturing growth and delivery of sustainable value to all stakeholders.
Oaklins’ team in Thailand advised the buyer throughout the whole acquisition process.
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