Asset World Corp Public Company Limited, or AWC, has announced a strategic partnership with Unibail-Rodamco-Westfield, or URW, a global leader in developing and managing retail destinations under the Westfield brand. Wallapa Traisorat, Chief Executive Officer and President of AWC, said the partnership combines AWC's project development expertise with URW's international knowledge and network, covering three key projects: Asiatique The Riverfront Destination, Wang Nakhon Kasem Yaowarat, and Aquatique Pattaya. Michael Harit, Head of AWC's Commercial Business Group, said the company plans to invest more than 40 billion baht over the next five years in the Asiatique The Riverfront Destination and Wang Nakhon Kasem Yaowarat projects, covering a combined area of more than 260,000 square meters. Asiatique The Riverfront Destination is the flagship project under this partnership, located along the Chao Phraya River on a 224,000-square-meter site with an investment value of more than 22 billion baht, part of the total 40 billion baht investment plan. Wang Nakhon Kasem Yaowarat covers 32,000 square meters, while Aquatique Pattaya covers 110,000 square meters. Ricardo Lizcano, Managing Director of Global Partnerships at URW, said URW is ready to support AWC's vision of creating a new form of lifestyle destination in Thailand, and that this partnership is a strategic advisory collaboration to elevate AWC's lifestyle projects to an international level.
Asset World Corp Public Company LimitedAWC announced a 40-billion-baht investment partnership with URW across three retail projects, a major capex/development commitment.
Unibail-Rodamco-WestfieldURW entered a strategic advisory partnership with AWC to develop three world-class retail destinations in Thailand.
