AWC partners with Westfield URW on three projects, investing 40 billion baht over five years

Kaohoon··THFR·Read original
3▲2 ▼0Impact / 5
Summary · why it matters

Asset World Corp Public Company Limited, or AWC, has announced a strategic partnership with Westfield Unibail-Rodamco-Westfield, or URW, a global leader in developing and managing retail destinations under the Westfield brand, which draws a combined total of more than 950 million visits per year. The partnership covers Asiatique The Riverfront Destination, Wang Nakhon Kasem in Yaowarat, and Aquatique Pattaya. URW will work with AWC to develop Asiatique The Riverfront Destination, a landmark on the Chao Phraya River on a site of 224,000 square metres, with an investment value of more than 22 billion baht. After beginning cooperation on this project, AWC plans to apply the knowledge and experience gained from URW to further develop Wang Nakhon Kasem in Yaowarat on a site of 32,000 square metres and Aquatique Pattaya on a site of 110,000 square metres. Under this vision, AWC plans to invest more than 40 billion baht over the next five years for Asiatique The Riverfront Destination and Wang Nakhon Kasem in Yaowarat, covering a combined area of more than 260,000 square metres. Wallapa Traisorat, Chief Executive Officer and President of AWC, said the partnership is in line with the company's Building Better Future mission and aims to develop the projects into Asia's Flagship Lifestyle Destination. Ricardo Lizcano, Managing Director of Global Partnerships at URW, said the company will bring its world-class expertise to support the development of all three projects into leading global flagship destinations.

Impact on assets 2

Real Estate▲ · 2 stocks
Asset World Corp Public Company Limited
AWC
▲ PositiveCapitalrelevance

AWC announced a strategic partnership with URW and plans to invest over 40 billion baht over five years to develop Asiatique, Wang Nakhon Kasem, and Aquatique Pattaya.

Unibail-Rodamco-Westfield
URW
▲ PositiveCapitalrelevance

URW is partnering with AWC to develop three flagship retail destinations in Thailand, bringing its Westfield expertise to the projects.

© 2026 MarketIVNews