AWC marks its 2nd anniversary of being listed on the stock exchange on October 10, 2019, reaffirming its strategy of "Building a Better Future" while announcing its commitment to "sustainable development" by creating comprehensive real estate projects and highlighting three new landmark projects to drive Thailand's tourism industry.

Asset World Corporation Public Company Limited (AWC), a leading real estate developer in Thailand, held a celebration for its 2nd anniversary of being listed on the stock exchange on October 10, 2021, with a commitment to the strategy of "Building a Better Future" for all stakeholders. The company also announced its intention to invest in various real estate projects, showcasing three new landmark projects to boost the tourism industry and the Thai economy.

Naowalapa Traisorat, CEO and Managing Director of Asset World Corporation Public Company Limited (AWC), emphasized the company's focus on meeting comprehensive lifestyle needs alongside employees through new online formats. The company performed merit-making for all projects nationwide on the occasion of its 2nd anniversary, marking the date when it was listed and began trading on the Stock Exchange of Thailand under the ticker symbol "AWC", which represents a significant flagship for TCC Group with the largest IPO in the Stock Exchange of Thailand and the largest real estate IPO globally in the past five years.

Importantly, this marks the beginning of the company's consolidation of all quality projects to establish a balanced portfolio strategy, encompassing assets across various sectors and strategies for stable growth. This has enabled AWC to navigate the challenges posed by the COVID-19 pandemic over the past two years, uniting management and employees to strengthen the organization and prepare for significant growth as conditions return to normal. AWC remains confident in the long-term prospects of the tourism industry and is preparing a strategy to become an OMNI-Integrated Lifestyle Real Estate entity that incorporates diverse property types and creates new value aimed at addressing and enhancing limitless lifestyles.

Naowalapa stated that the company has adapted its product and service concepts to align with the new normal lifestyle, which is an extension of the strategy "Building a Better Future". This drives the organization from within towards holistic value for all stakeholders under a sustainability strategy, fostering confidence that everyone can create a better future for all stakeholders, including shareholders, customers, employees, communities, and the overall society of Thailand.

On this 2nd anniversary, the achievements in two areas under the sustainable development framework serve as a motivational force for all of us at AWC to strive for value creation. This week, the company was certified as a member of the Thai private sector's initiative against corruption (CAC) for the first time in the second quarter of 2021 and was selected for the THSI (Thailand Sustainability Investment) list from a total of 146 companies this year, marking the first year the company participated in the assessment.

In 2021, the company considered comprehensive crisis management strategies, including responses to the pandemic, as part of emerging risks to adapt and address future challenges. The company is committed to long-term value creation and demonstrating responsibility towards society and the environment, ensuring that AWC can continue to grow sustainably, thereby boosting confidence among investors looking to invest in businesses that prioritize ESG (Environmental, Social, and Governance).

Naowalapa further stated that AWC's sustainable business development strategy is a holistic mechanism driving the business across all processes, comprising Better People—developing personnel and creating social enterprise models to improve community living standards, Better Planet—developing and operating sustainably to care for the environment and the world's resources, and Better Prosperity—building a strong foundation for sustainable growth aimed at creating long-term value for the overall economy. The company has a clear strategy to attract global partners to enhance the strength of the industry and the economy as a whole, aiming to attract tourists from around the world to establish Thailand as a premier global tourism destination in the future.

Looking ahead, AWC will continue to invest in various real estate projects, including mixed-use developments that integrate hotels, retail, and office spaces according to the lifestyles of modern consumers. To meet these evolving behaviors, the company has developed the AWC Connext application, a platform designed to facilitate spending and living without limits through the AWC Infinite Lifestyle program, enhancing convenience for everyone and connecting the experience of using AWC's real estate services to deliver value to stakeholders.

Currently, AWC's portfolio includes 32 properties, comprising 18 hotels, 8 retail locations, 4 office buildings, and 2 wholesale locations. The company is also developing 18 new projects, which will increase the total number of properties in AWC's portfolio to 50 across various key locations in the country within the next five years.

Naowalapa stated that in the next five years, AWC will also launch three landmark projects that will create significant impacts on Thailand's tourism industry.

  • Project 1: ASIATIQUE THE RIVERFRONT DESTINATION on the banks of the Chao Phraya River, which will be a new Iconic Landmark of Bangkok with historical and cultural significance, featuring the Ritz-Carlton Reserve hotel, JW Marriott Marquis hotel, and Ritz-Carlton Reserve branded residences, with plans to open the retail and office zones starting in 2024.

  • Project 2: AQUATIQUE DISTRICT PATTAYA, a large mixed-use project in the heart of Pattaya, featuring shopping areas, tourist attractions, five luxury hotel brands, two branded residences, and retail spaces, along with wellness areas to promote Pattaya as a world-class beachfront destination.

 

  • Project 3: Weng Nakhon Kheasak, which will be developed as a special Mixed Development project combining hotels, residences, and retail with an investment of over 16 billion baht, preserving the charm of Chinatown and allowing tourists to enjoy the largest underground retail space in Bangkok, heritage trails, historical landmarks, and entertainment streets, creating a proud destination for tourists from around the world.