In a bid to move beyond real estate development, Sansiri Public Company Limited has invested US$80 million (HKD 650 million/ SGD 110 million) into six leading global technology and lifestyle businesses in a bold move to expand its holdings and create a collaborative, multi-disciplinary portfolio.
All six investments are in high-growth sectors in global markets which offer new sources of revenue beyond Thailand. They represent new asset light business models from the synergy opportunities and rapid growth opportunities in this digital disruptive era. The potential increase in each company’s valuation, as a result of Sansiri’s share in ownership, positively benefits Sansiri’s core business. The investments are in line with the company’s vision to focus on next generation living and how we live, work, play and discover through technology and media.
Mr. Srettha Thavisin, president of Sansiri Public Company Limited (pictured above), announced, “Sansiri has high business growth ambitions and these strategic investments will develop Sansiri beyond its core business for the first time. We are expanding our global reach and capitalising on key opportunities to generate new revenue from the property-related industries and we will utilize the partnerships to strengthen our core real estate business.”
“Our next chapter centres on anticipating and meeting evolving consumer needs by creating a world-class modern living platform. This involves taking Sansiri to the next level as a global brand, ensuring we are at the forefront of tech and innovation, transforming ourselves for the future, and creating a synergistic environment for our business to grow. We will focus on three key activities, including: strategic investment in global lifestyle brands; developing property technologies in partnership with industry disruptors; and enhancing influence and audience through premium lifestyle media”, Mr. Thavisin added.
Sansiri’s investment includes shares in Standard International, and the pioneering boutique hotel group’s CEO and managing partner, Amar Lalvani said, , “The partnership with Sansiri will give us access to more opportunities to develop additional technology-driven innovation and hotel properties in Asia and throughout the world.”
Mr. Nakul Sharma, founder and CEO of Hostmaker, said, “The funding from Sansiri will lend our international expertise to help enhance Sansiri customer experience and to support the technology and innovation transformation of the Thai property market.”