Capital Solution Asia (CSA), a leading real estate advisory and asset management firm, has announced the appointment of Simon Dervillé as its new Managing Director, with a strategic focus on sealing four property deals worth a total of US$45 million over the next 12 months.
These deals are specifically targeted at foreign investors entering the Thai market for the first time, showcasing the increasing attractiveness of Thailand as an investment destination. With key partnerships in place and an exclusive deal to initiate Thailand’s first Tesla showroom, CSA is set to make waves in the Southeast Asian real estate landscape.
Simon Dervillé: A Proven Leader in Thailand’s Real Estate Industry
Dervillé, who joined CSA on 1st March 2023, brings a wealth of experience and expertise to his new role.
He’ has’s previously led investment and asset management activities in some of Thailand’s most reputed listed real estate firms, such as Raimon Land Plc., Boutique Corporation Plc., and Fynn Development Co., Ltd.
In his new role at CSA, Dervillé will be responsible for selecting the right deals to deploy the company’s funds and building an exceptional team to execute these projects.
According to Dervillé, Thailand is now seen as one of the most attractive countries in Southeast Asia for foreign investors, including those coming to the country for the first time.
CSA’s expansion plan includes securing four major property deals from new investors, demonstrating their commitment to attracting foreign capital, and fostering international partnerships. These deals include investments from sectors such as education, data centers, office towers, and apartment complexes.
Exclusive Partnership with Blue Fortress Partners
CSA’s growth strategy is bolstered by its exclusive partnership with Singapore-based investment consortium Blue Fortress Partners (BFP). This alliance enables CSA to fund property acquisitions, construction, and renovation works while maintaining visibility, control, and flexibility.
The partnership will focus on delivering turnkey rental properties for clients looking to enter or expand their presence in Thailand.
The company’s comprehensive services include site sourcing, pre-acquisition due diligence, deal structuring, negotiation of commercial documentation, ensuring asset compliance with local rules and regulations, transfer process, equity/debt financing, coordination with architects/contractors, and post-acquisition asset management.
CSA has already secured a high-profile sale and leaseback transaction for Thailand’s first Tesla showroom earlier this month.
The investment budget for the acquisition and renovation is around US$10 million, and the property is expected to be delivered within the third quarter of 2023. This deal underlines CSA’s ability to attract major clients and deliver quality assets in a timely manner.
Other projects in CSA’s pipeline include the expansion of an International Baccalaureate (IB) school in Bangkok, with an investment budget of $10 million; the establishment of a data center along the Kanchanapisek Ring Road, also with an investment budget of $10 million; the acquisition of an office tower on the same ring road for a single tenant in the distribution business, valued at $10 million; and finally, the acquisition of an apartment along a BTS or MRT line for an Asian-based hotel operator aiming to establish a 150-room hotel in Thailand, estimated at $15 million.
With these ambitious plans and strategic partnerships in place, CSA is poised to capitalize on the growing interest from foreign investors in Thailand’s real estate market. Under Dervillé’s leadership, CSA aims to make significant strides toward achieving its goal of $45 million in deals by 2023.
Bottom Line
CSA’s appointment of Simon Dervillé as Managing Director signals a new era of growth and expansion for the company. By securing high-profile deals, fostering international partnerships, and leveraging its exclusive partnership with Blue Fortress Partners, CSA is well-positioned to strengthen its presence in Thailand’s real estate market and continue attracting foreign investments into the country.
Sources: CSA, Bangkok Post, Yahoo
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