Origin Closes Big Lot Landmark Deal for “Origin Thonglor World” Transaction Exceeds 500 Million Baht with JLK Holding Group
Origin reinforces its reputation as a trusted player among international investors by closing big lot a major foreign sales deal for the “Origin Thonglor World” project with Mr Andre Koo, Shareholder of JLK Holding Group and Taiwanese billionaire. The deal is valued at over 500 million baht, reflecting continued foreign investor confidence in the company and positive momentum in the market. Plans are underway to develop the 10th Avenue retail zone into a global dining destination.
Mr. Peerapong Jaroon-ek, Chief Executive Officer, Origin Property Plc (ORI), a fully integrated real estate developer announced that the company has successfully closed a major deal to sell the entire floor of the 10th Avenue retail zone—part of the “Origin Thonglor World” mixed-use project—to Mr. Andre Koo, a member of the influential Koo family in Taiwan. Mr. Koo is the major shareholder of the of Chailease Group, one of Asia’s foremost leasing businesses. This strategic sale strengthens the Origin Thonglor World project and sets the stage for 10th Avenue to become a global dining hub.
Mr. Koo is also passionate about food and hospitality businesses and will be introducing the Tasty Bites food center at JLK Tower in DownTown Sukhumvit in October this year. “This deal reflects the trust and confidence of a high-net-worth individual like Mr. Andre Koo, who operates multiple businesses across Taiwan and beyond, in Origin Property’s Freehold Mixed-Use development model. It also shows that Thai condominiums remain attractive among consumers .”, said Mr. Peerapong. He added that this bulk sales model not only boosts revenue but also accelerates ownership transfers, marking the beginning of broader collaboration for condominium sales into the Taiwanese market.