Raimon Land Secures THB 2,790 Million Financing Facility for 185 Rajadamri from Bank of Ayudhya

Luxury property developer Raimon Land and Bank of Ayudhya have reached an agreement over the financing for 185 Rajadamri, the developer’s most exclusive condominium project to date. Bank of Ayudhya will provide THB 2,790 million in project financing to support the development. BAY, one of Thailand’s largest banks, previously funded Raimon Land’s The Heights Phuket project. Commenting on the transaction, Mr. Mark Arnold, President and CEO of Bank of Ayudhya, noted: “"We are pleased to provide Baht 2,790 million credit facilities to support Raimon Land Public Company Limited in developing 185 Rajadamri Project, the luxurious condominium in the heart of Bangkok. We are proud to play a part in giving Bangkok's glittering skyline this impressive new addition with the one of the best developers in the country." Mr. Hubert Viriot, Raimon Land Chief Executive Officer, added: “Our ability to secure project finance for 185 Rajadamri with Bank of Ayudhya in the current economic climate reflects the trust that leading financial institutions have in us and the strength and quality of this project. We appreciate in particular Bank of Ayudhya’s experience, strength and liquidity, which helped make this transaction possible. With such a strong financial partner and all licenses in place, 185 Rajadamri is set for launch in September with the opening of the show suites.” Located on the last remaining freehold land on Rajadamri Road, 185 Rajadamri will comprise 240 state-of-the-art apartments overlooking Lumpini Park and The Royal Bangkok Sports Club. Completion of the project is anticipated in 2013. Photo Caption: Raimon Land Chief Executive Officer Mr. Hubert Viriot (second from right), Mr. Mark John Arnold, President and Chief Executive Officer of Bank of Ayudhya Pcl (second from left), Mr. Poomchai Wacharapong (1st left), Head of SME Banking, Bank of Ayudhya Pcl and Mr.Kitti Tungsriwong, Raimon Land Chief Operating Officer present at the signing ceremony of a THB 2,790 million project financing agreement for 185 Rajadamri, a luxury residential condominium project in the center of Bangkok. About Raimon Land Raimon Land Public Company Limited (RAIMON) was listed on the Stock Exchange of Thailand (SET) in 1994, with a primary focus on premium residential property in Bangkok and Thailand’s resort destinations. The company's position in Thailand’s real estate sector has been consistently recognised, most recently by the Thailand Property Awards 2009, where The Heights Phuket won Best Condo Development (Thailand). In 2008, the company won Best Developer and Best Development Website (www.theriverbangkok.com) for the second consecutive year, Best Condo Development (Eastern Seaboard) for Northpoint and Best Condo Development (Phuket) for The Heights Phuket. Raimon Land was also honoured for The River at the CNBC Asia Pacific Property Awards 2008. For more information, please visit www.raimonland.com PRESS ENQUIRIES : Kharittha Khumpong Raimon Land Public Relations C/O Francom Asia Tel: 02 233 4338 ext. 22 Fax: 02 236 8030 E-mail: [email protected] Kwanrudee Maneewongwatthana Deputy Vice President, Corporate Communications & Brandings Raimon Land PLC. Tel : +66 (0) 2651-9601 to 4 Fax : +66 (0) 2651-9614 E-mail : [email protected] Click for photo release at www.thaipr.net

• ข่าวBank of Ayudhya
• ข่าวthe transaction
• ข่าวthe developer
• ข่าว185 Rajadamri
• ข่าวRaimon Land