The Nest Property has entered into a long-term strategic partnership with leading Japanese conglomerate Kanden Realty & Development to invest in the luxury housing segment and is going to launch its first flagship project worth over THB 5 billion. The land occupies a total area of 70 rai in a golden location along both sides of Krungthepkreetha Road.

The luxury housing project is located in the new promising, up-and-coming area of Krungthepkreetha, located in the thriving communal area complete with urban lifestyle conveniences and enjoys easy accessibility to and from expressways. Phase 1 of the project comprises of 29-1-47.5 Rais, where the project comprises of 3-storey housing units under the exclusive brand, AERIE Srinakarin-Krungthepkreetha with the price point starting at THB 16.9 million. In addition, the company reveals plans to acquire 3 additional plots for future pipeline projects, targeting sales over THB 10 billion.

Ms.Ausana Mahagitsiri, Chief Executive Officer of The Nest Property Co., Ltd. (The Nest), เปิดrevealed, “Since Srinakarin-Romklao Road or Krungthepkreetha Road has finished construction in 2019, it has been accessible with expanding and connecting networks of the Eastern and Western outer ring road. As a result, we saw an ease in travel, and traffic congestion, and has continued to help develop prosperity and has benefited the neighbourhood broadly both economically and socially. As a result, Krungthepkreetha has become known as a “golden location” in Eastern Bangkok and has gained traction over recent years. We have seen several leading property developers actively investing in this area in the form of community malls and luxury homes worth hundreds of billions of baht. As one of the property developers who has invested in the residential sector on this promising road, we hope to offer residents a complete lifestyle community and at the same time contribute to the growing and vibrant neighbourhood, alongside, renowned international schools, hospitals, and international schools.”

“At present, The Nest Property plans to acquire additional land plots in preparation for future pipeline projects, where target assets are in line with the Company’s investment criteria and return profile and are expected to deliver further sales of over THB 10 billion. The model is set to support the short-mid term plans for real estate development which can vary across high-rise residential projects such as condominiums to low-rise residential single-detached housing projects.”

Regarding this joint investment and business alliance, The Nest is co-investing with Kanden Realty & Development (KRD), a large real estate developer in Japan, to establish the Nest Home with the share proportion of 60:40 to develop low-rise residences under the new brand of AERIE, under the concept of Central Park, New York. Currently, there are 2 land plots (29 rai and 42 rai) on both sides of Krungthepkreetha Road. The total area of over 70 rai is valued at more than THB 5 billion.

Mr. Kenichi Fujino, President of Kanden Realty & Development Co., Ltd., said the cooperation between The Nest Property and Kanden Realty & Development originates from a shared philosophy and business commitment to determine international standards for high-class real estate developments while supporting the company’s future growth with suitable business ports in Thailand. The joint investment is not only in housing projects but also in condominium projects. Firm cooperation will be expanded with The Nest Property with the determination to unlock new values of growth in the real estate business by blending wisdom, knowledge, and specialisation accumulated from business operations in each respected country. The aim is to expand the company’s real estate investment across the Southeast Asian region. Aside from Thailand, the company has joint investments in 10 residential development projects in Vietnam, Indonesia, and Australia, as well as in the USA, and 15 leasing projects in the USA, Singapore, and Australia.

The AERIE Srinakarin-Krungthepkreetha project is located on the area of over 29 rai and involves the development of 115 units of 3-storey luxury houses, each of which covers an area of 50 – 80 square wah, with three unique design options and usable area of 313 – 434 square meters. Price starts at THB 16.9 million. These houses are now officially for sale. For more information, visit the website at www.thenestproperty.co.th or call 065-914-7979. The sales are targeted to be closed within 2025.