Raimon Land Cash Up For Expansion

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Posted: 11 Jul 2012 | 6:00 am

Property developer Raimon Land has taken on an outside new share placement equal to 9% of the company from Thai institutional invesors.

In what will translate to nearly half a billion baht in fresh funds, the group has been able to reduce debt and is now cashed up for new projects.

Raimon's three key projects in the market now include two in Pattaya with Zire Wongamat and Unixx and Bangkok's 185 Rajadamri.

Over the past few years Raimon has shifted it's buyer focus from overseas to local purchasers so any future pipeline would be assumed to take place in the latter market.

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