Property News · November 24, 2020

Private-equity fund 9 Basil eyes first acquisition in Bangkok, as distress mounts in Thailand’s property sector


A private-equity fund backed by Thailand’s Chiaravanont family, among others, is likely to acquire a residential development in Bangkok following the close of a maiden fund worth US$120 million.Founded by Schwin Chiaravanont and Kris Panijpan, 9 Basil is the Southeast Asia-focused investment arm of Bangkok-based Blueprint Forest, and is targeting the residential development, a distressed asset, in its initial foray into real estate.The acquisition underlines the tough conditions that property…

Source : South China Morning Post
Read more…Private-equity fund 9 Basil eyes first acquisition in Bangkok, as distress mounts in Thailand’s property sector