AIRA enters into JV with SENA, SFC for real estate development in Thailand

AIRA enters into JV with SENA, SFC for real estate development in Thailand

Executives from Sena Development, AIRA Capital and Sangfah Construction and Engineering signed the MOU

AIRA Property Co Ltd, a wholly-owned property unit of Thailand-based financial firm AIRA Capital PCL, signed a memorandum of understanding with Sena Development and Sangfah Construction and Engineering Co Ltd to jointly invest in at least five high-rise building projects worth 5 billion baht over the next five years.

The investment can be either the acquisition of existing buildings or the development of new ones. Initially, it will develop the office buildings for rent and focus on the prime locations in Bangkok only.

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