PACE secures 14 billion Baht “MahaNakhon” deal with “King Power”
PACE Development Corporation Plc (PACE) has sold some of the assets in the MahaNakhon development to King Power MahaNakhon Co., Ltd in a deal worth 14 billion Baht. The deal meets target in relation to the company’s previous plan on putting MahaNakhon in REIT. PACE will now focus on reducing debts, as well as speed up construction of current residential developments to secure revenue stream, while DEAN & DELUCA will see further expansion worldwide. The company’s board of directors considered the transaction appropriate and most beneficial to the company and its shareholders.
Read full press release