AIRA Property Public Company Limited, the flagship real estate company of AIRA Capital Group, has announced its success on the occasion of its 10th anniversary, showcasing the outstanding performance of the Spring Tower project, which currently boasts a high occupancy rate of 93%. The company has unveiled its 'Next ERA' strategy, a 4-dimensional approach to drive business in 'Economic Development - Social and Community Development - Cultural Promotion - Sustainability', aiming to become a leading real estate developer in the country and to drive sustainable urban transformation. Recently, AIRA has partnered with the global hotel chain 'Hilton' to manage the major project DoubleTree by Hilton Bangkok Silom.

Mr. Prasert Boonsamphan, Chairman of AIRA Capital Public Company Limited (AIRA), stated that on the occasion of AIRA Property Public Company Limited's 10th anniversary, the company has demonstrated its commitment and discipline in business operations, successfully developing premium office and hotel projects in the Central Business District (CBD). This achievement reflects the potential of the management team and all personnel who have collectively built a strong foundation for the organization. AIRA Capital, as the parent company, is ready to support AIRA Property Public Company Limited in its journey towards the 'Next ERA' to ensure stable growth under good corporate governance and careful risk management.

Ms. Nalinee Ngamsetthamas, Chief Executive Officer of AIRA Capital Public Company Limited (AIRA), mentioned that the company operates as an Investment Holding Company with a strong business structure divided into two main groups: the financial and investment business, including securities and investment banking, which are crucial for generating income from financial services, and the real estate business, with AIRA Property Public Company Limited as the flagship for developing and managing premium office and hotel projects, focusing on commercial real estate to create recurring income.

The transition into a new decade for AIRA Property Public Company Limited aims to elevate it to become a leading real estate developer and manager in the country in the future, driving sustainable urban transformation through three main strategies: 1.) Strategic Recurring Income focusing on investing in assets that generate stable recurring income and continuous cash flow, including Grade A office buildings and the development of upscale hotel projects in Silom that are environmentally friendly; 2.) Asset Light & Synergy Growth Model leveraging AIRA's financial expertise to expand the real estate business in collaboration with leading business partners and planning to establish a Real Estate Investment Trust (REIT) for new investment opportunities; and 3.) Preparing for an Initial Public Offering (IPO) to register 'AIRA Property' on the stock exchange in the future to create a strong capital base.

Mr. Janwit Rungkitworaset, Chief Executive Officer of AIRA Property Public Company Limited, stated that the company operates under the philosophy that “We aren’t just building structures, we are building lasting value for the economy and society.” By integrating innovation with international environmental standards to develop environmentally friendly real estate projects, the company aims to manage high-quality assets to generate recurring income. The success of the Spring Tower project, a Grade A office building located at Ratchathewi Intersection, which has received LEED Gold Certification and currently has a 93% occupancy rate, is a testament to this. Plans are underway to add a Fitness Center to enhance the building's offerings, making it a workplace that promotes well-being, improving quality of life and catering to modern lifestyles, including adapting spaces to meet the needs of contemporary tenants, such as EV Charging Stations, while continuously modernizing the building and its functions to increase the value of the office space under the Asset Enhancement strategy to elevate Spring Tower and create stable returns.

The company has set a strategy to build on its success towards the 'Next ERA' to create lasting value through a 4-dimensional approach: 1) Economic Development 2) Social and Community Development 3) Cultural Promotion, supporting Thai artists and unique Thai services, and 4) Sustainability (ESG and sustainability). The business will be driven through the development of upscale hotel projects in prime locations within the Central Business District (CBD) of Bangkok. Currently, the company is developing and submitting an Environmental Impact Assessment (EIA) report to construct a 29-story upscale hotel with 303 rooms in the Silom area, valued at 2.3 billion baht, designed as a Green Building meeting LEED Hospitality standards. Recently, AIRA has partnered with Hilton, the owner of the leading global hotel brand 'DoubleTree by Hilton Bangkok Silom', to enhance competitive capabilities, with construction expected to begin in 2026 and completion by 2029, along with fundraising through stock market registration and the establishment of REITs to enhance investment potential.

Ms. Maria Ariizumi, Vice President, Development, South East Asia, Hilton, expressed confidence that when officially opened, the DoubleTree by Hilton Bangkok Silom will provide an elevated experience in one of Bangkok's renowned business and lifestyle districts, built on Hilton's century-long expertise in world-class service, combined with a brand-centric strategy, driven by a network and fully leveraging platform capabilities. She looks forward to closely collaborating with AIRA Property to deliver award-winning experiences of the DoubleTree by Hilton brand and to build a strong and sustainable partnership in the long term.