TTT+Partners advised CV Group on the long-term lease of more than 40 rai (6.4 hectares) of land to Siam Piwat Group, one of Thailand’s leading retail developers, for the development of ICONPHUKET. The landmark project has an estimated investment value of ~THB 10 billion (USD 297 million).
ICONPHUKET sits within CV Group’s “Synthesis Ark Phuket”, a large-scale, master-planned mixed-use development with a total investment value ~THB 50 billion (USD 1.5 billion). Spanning ~500 rai (80 hectares) in Thalang, Phuket, the wider development is envisioned as an integrated destination comprising residences, hotels, offices, retail, educational institutions, and health, wellness and lifestyle facilities, with convenient access to Phuket International Airport and Phuket Town.
Our team advised CV Group on all legal aspects of the transaction, including the drafting and negotiation of the long-term lease agreement and related ancillary arrangements, as well as related land, real estate and corporate matters.
The transaction was led by Arnut Pongprueksa, with support from Lapas Komarapjkul and Arch Suntharasantic.
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