Altitude Development has announced a joint venture with Creed Group, a new partner from Japan, to enhance its business capabilities by launching the flagship project "Altitude Unicorn Sathorn-Thapra," valued at 2.4 billion baht. This high-rise condominium is located in the promising Talat Phlu area, a new golden location, emphasizing its proximity to the BTS Talat Phlu station, just 0 meters away, making it a central lifestyle hub close to CBDs, supporting the expansion of the green line electric train network, and targeting millennials and young entrepreneurs with prices starting at just 2.19 million baht. 

            Mr. Chayapol Hanrungrojn CEO of Altitude Development Co., Ltd. revealed the company's real estate development strategy, stating, "The company continues to pursue its core strategy of investing in projects on prime land in the city center and near BTS stations. Based on past performance and future expansion plans, we will adhere to this approach. Another key strategy for the company's rapid growth is collaborating with partners who have expertise in the global real estate industry."

            The company has entered into a Joint Venture Agreement with Creed Group, a well-experienced real estate investment firm from Japan, which has seen significant growth in its projects since 2012 in Japan and across Asia, including Malaysia, Cambodia, Vietnam, Myanmar, Indonesia, Laos, and Bangladesh, with a total project development value (GDV) exceeding 800 million USD. The company also plans to continue expanding its real estate investments in Southeast Asia, with Thailand being a key target market.

            "This collaboration is expected to open new dimensions for investment and business expansion, allowing Altitude Development and Creed Group to grow together, enhancing the value of our real estate projects and driving strong and sustainable revenue and profit growth in the future," Mr. Chayapol stated.

                Mr. Toshihiko Muneyoshi, Founder and Managing Director of Creed Group, stated that “We have successfully developed real estate projects in several countries, and Thailand is a key market in the region. We focus on investing in premium condominium projects in emerging locations that are interesting and offer complete amenities. The Altitude Unicorn Sathorn-Thapra project meets these criteria and is our first joint venture with Altitude Development in Thailand.”

            This collaboration will take the form of a joint venture to develop the project by establishing a joint venture company named Altitude Creed Talat Phlu Co., Ltd., with Altitude Development holding 51% and Creed Group holding 49%. The first project to be developed is "Altitude Unicorn Sathorn-Thapra," which is a highlight product designed to meet market demand and align with the city's expansion along the electric train route. The potential of the project's location is expected to intensify competition in this area.

            The "Altitude Unicorn Sathorn-Thapra" project has a project value of 2.4 billion baht and is a 34-story high-rise condominium located adjacent to the BTS Talat Phlu station, with a bridge connecting directly to the station, just 0 meters away, on over 2 rai of land, comprising 711 units. The units come in four different formats: One Bedroom ranging from 23.64 to 34.56 sq.m., One Bedroom Plus ranging from 36.98 to 45.18 sq.m., and Loft One Plus One Bedroom ranging from 39.08 to 69.28 sq.m., with prices starting at just 2.19 million baht. Construction is set to begin in Q3 of 2019 and is expected to be completed by Q3 of 2021.

           Mr. Kwanchai Yingjaroenthawornchai, Managing Director of Altitude Development Co., Ltd., stated that the "Altitude Unicorn Sathorn-Thapra" project is a condominium located in the promising Talat Phlu area, a new CBD in Bangkok, and serves as a flagship project that aims to create a new perspective and lifestyle for the new generation seeking residences close to CBDs such as Siam, Silom, and Sathorn. The uniqueness of the Talat Phlu location lies in its convenience for transportation, with various connections to the business center, including personal vehicles and the BTS station, and it is not far from the Silom and Siam business districts.

           Altitude Unicorn is designed with a residential concept that allows residents to truly relax and create positive energy. The project features modern designs with outstanding amenities, focusing on co-creation as a core principle, which is suitable for millennials, startups, and young entrepreneurs who aspire to succeed in both their personal and business lives.

            In terms of interior design, the Altitude Unicorn Sathorn-Thapra project emphasizes modern living and complete convenience, featuring common areas (Hard Facility) such as an Intimate Lobby, Reception & Service Bar, Co-working Space, Co-kitchen, Fitness Center, and a Grand Swimming Pool. Notably, the Reception & Service Bar area is designed and decorated by Fallabella, a famous semi-pub restaurant, creating a meeting point where residents can enjoy coffee during the day and transform into a bar at night.

            "With the company's residential development concept aimed at addressing the needs of the millennial segment in the Medium Class level in prime locations along transportation networks, the Altitude Unicorn project meets both the convenience of travel and the potential for future growth in investment value due to the city's expansion along the electric train route, being adjacent to the BTS Talat Phlu station on the green line (Silom Line), which connects to many other stations, such as National Stadium Station (in front of MBK shopping center), passing through Siam Station, Ratchadamri, Silom, then Sathorn, Taksin Bridge, and intersecting with Ratchadapisek Road at Talat Phlu Station. Today, there are plans to expand the route at the intersection of Ratchaphruek Road and Phetkasem Road (Bang Wa Station), as well as future networks that will extend to Taling Chan. Additionally, it can connect to the blue line electric train at Bang Wa Station," Mr. Kwanchai added.

          Moreover, considering the potential surrounding the project location in the Talat Phlu area, there are shopping malls such as The Mall Thapra, famous local food spots, and important temples not far from the new shopping landmark in the area, which is Icon Siam.

Thank you for the information from www.altitudeunicorn.com