Sansiri

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Sansiri
Public
Traded as SETSIRI
Industry Real Estate
Founded September 28, 1984 (1984-09-28)
Headquarters Bangkok, Thailand
Total assets Increase US$2 billion (2014)[1]
Website www.sansiri.com

Sansiri is one of the largest real estate developers in Thailand offering a full range of housing units.

History[edit]

Sansiri was founded in 1984 as the holding company to manage the assets of the Chutrakul family, before merging with the Lamsam family company in 1994. The company has been listed on the Stock Exchange of Thailand since 1996. In its earlier years, the company concentrated on developing exclusively mid-city condominiums for sale and for rent. In 1998, the company expanded into property management and sales management services through the newly founded subsidiary named Plus Property Company Limited. In 1999, the company underwent a major expansion into development of landed properties with the launch of the first single-detached housing project.

Milestones[edit]

Year Events
2007 Natural Park PLC (N-PARK), the former largest shareholder (24.9 percent), sold most of its holding in Sansiri to a group of Hong Kong investors led by Dr Allina Salim. Currently N-PARK is holds 4.26 percent of Sansiri's paid-up capital.
2004 Sansiri completed the 2.9 billion baht rights offering with subscription ratio of three existing shares to two newly issued shares at five baht per share.
2002 Sansiri welcomed a group of new major shareholders who provided a 2.6 billion baht cash injection.
2000 Sansiri became the first Thai property developer to complete debt restructuring since the 1997 economic crisis.
1999 Starwood Capital Group from the US joined Sansiri as a partner.
1996 Sansiri Public Company Limited was listed on the Stock Exchange of Thailand and launched a wholly owned brokerage and property management subsidiary named Plus Property Company Limited.
1984 Inception of Sansiri as the developer of high-end condominiums.

Business groups[edit]

Sansiri Group includes Sansiri Public Company Limited and its fifteen subsidiaries. The core businesses of Sansiri Group are summarized as follows:

  1. Property development
    1. Property development for sale includes single-detached houses, pool villas, semi-detached houses, townhouses, and condominiums.
    2. Property development for rent includes office buildings, an apartment, and a leasehold commercial building.
  2. Property services includes the administration of condominiums, single-detached houses, office buildings, apartments, and retails. Also included in property services are sales management and property brokerage services.
  3. Hospitality business consists of Casa del Mare, a 46-key boutique hotel in Hua Hin and S-Medical spa, an aesthetics, health care and medical spa which is the winner of Medical Spa of the year 2007 by AsiaSpa Magazine.

References[edit]

  1. ^ Sansiri Financial Data, then using the December 31, 2014 exchange rate of 1 baht = 0.02812 US dollar
  1. SET50 Index and SET100 Index
  2. Stock Exchange of Thailand

External links[edit]

  1. Sansiri corporate website
  2. Asia Pacific Commercial Real Estate (APCRE)