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Share this article Acquiring an industrial estate that is closely linked to the three power plants in which we have also taken substantial stakes is another step forward in the fulfilment of our strategy to create powerful synergies between Singha Estate s multiple business platforms. It gives us great competitive strength as well as creates a highly resilient business. Mr. Chutinant Bhirombhakdi, Chairman, Singha Estate PCL
BANGKOK, May 11, 2021 /PRNewswire/ Singha Estate PCL (S), a leading Thai property investment and development company listed on the Stock Exchange of Thailand, has signed a definitive agreement to acquire from Boon Rawd Brewery Co., Ltd., 100 percent of the shares of Park Industry Co., Ltd., which owns the 286-hectare World Food Valley industrial estate in Ang Thong province in Central Thailand.
Singha eyes investment in industrial park
published : 7 May 2021 at 04:02
7 A digital rendition of the 1,790-rai World Food Valley industrial estate planned for Ang Thong s Chaiyo district.
SET-listed property firm Singha Estate plans to invest 2.42 billion baht to develop World Food Valley industrial estate on 1,790 rai in Ang Thong s Chaiyo district.
The investment includes 510 million baht for the entirety of shares of Park Industry Co, which owns the estate, and 1.72 billion baht for development of the estate and other costs.
Chutinant Bhirombhakdi, chairman of Singha Estate, said the company s acquisition of the industrial estate is closely linked to three power plants in which the firm acquired a stake.
SHR ready to sell off hotels in UK
published : 23 Apr 2021 at 04:00
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S Hotels and Resorts Plc (SHR), the hospitality arm of Singha Estate, has announced it will sell off a number of its underperforming hotels in the United Kingdom including the Mercure Newbury Elcot Park Hotel.
The firm has entered into a sales agreement for the 73-key hotel for 182 million baht. SHR is also considering divesting from five other UK hotels, which have been identified as non-core assets.
Proceeds from sales will be used to reinvest in the renovation of core hotel assets in its portfolio.
Dirk De Cuyper, chief executive of SHR, revealed that the transaction forms part of the company s portfolio enhancement strategy comprising asset enhancement, disposal and optimisation.
BANGKOK, 22 April 2021: S Hotels and Resorts Public Company
Limited (SET: SHR) has disclosed it will shed underperforming hotel assets in
the UK as part of its strategy to optimise its portfolio and maximise returns.
In February 2021, S Hotels & Resorts invested THB560 million to purchase additional 50% stakes in 26 of its portfolio of 29 UK hotels, raising its total ownership of those properties to 100%.
The hospitality arm of Singha Estate PCL (SET: S), S Hotels and Resorts, made the announcement Wednesday on what it described as a “limited divestment strategy.” It will start with the sale of the 73-key Mercure Newbury Elcot Park S Hotels & Resorts valued at UKP4.25 million (THB182 million).
Press Release21 April 2021
S Hotels & Resorts Books THB 182 Million From Divestment Of UK Hotels, In Line With Portfolio Enhancement Strategy
Company remains fully committed to the UK market with plans to reinvest sale funds in the renovation of its top-tier hotels in the country, following significant THB 560m investments in February 2021
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S Hotels & Resorts Chief Executive Officer, Dirk De Cuyper Photo: S Hotels & Resorts
S Hotels and Resorts Public Company Limited (SET: SHR), the flagship hospitality arm of Singha Estate PCL (SET: S), has disclosed its intention to divest a selection of its underperforming hotel assets in the United Kingdom, as part of its strategy to optimise its UK portfolio and maximise returns.