Damac keen on branded residences after data centres

Quick Summary:

Damac Group, a property developer from the United Arab Emirates, is looking to invest in a branded residence project in Bangkok through a joint venture with a local developer following its US$1 billion investment in data centres this year.

Proen OTT DC is a five-storey facility on a 3.43-rai plot on Rama 9-Srinakarin Road in the Suan Luang area.

Seashore aims for a total capacity of 100MW in a few years, with 20MW allocated to each location, including Navanakorn in Pathum Thani, Bang Na and Sri Racha in Chon Buri, where Proen has plots exceeding 100 rai, said Mr Kittipan.

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Article Details

Category: EconomyBusiness

Markets: ThailandUnited Arab Emirates

Topics: Bangkok First Baht Investment Branded Data Year Proen Group Venture Damac

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-12 @ 06:10:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23002423

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