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News Release

Bangkok, Krabi

Jones Lang LaSalle to Manage The Pelican Krabi

The firm’s first property management contract in Krabi


Jones Lang LaSalle announced today that it has entered into an agreement to manage The Pelican Krabi, a prime resort development by Perry Group International. The agreement is Jones Lang LaSalle’s first property management contract in Krabi and marks the fast growth of the firm’s property management business in Thailand.
 
Caption: Mr. Pornchai Ngamsappasilp, Chairman of Perry Group International, and Mrs. Suphin Mechuchep, Managing Director of Jones Lang LaSalle, exchanging the property management contracts for The Pelican Krabi. Also seen in the picture are Mr. Andrew Ngamsappasilp, CEO of Perry Group International (1st from left) and Mr. Dexter Norville (4th from left), Head of Estate Management of Jones Lang LaSalle.
 
The Pelican Krabi is situated on 33 rai of oceanfront land on the west coast of Krabi and comprises three development phases. Scheduled for completion in mid 2012, the first phase will feature 90 condominiums with 1-3 bedrooms at prices ranging between THB 6 million and THB 14 million. The other two phases will include 40 villas and a five-star hotel component. Upon completion, The Pelican Krabi will also offer resort facilities, including a free-form swimming pool, a fitness centre, meeting facilities and a snack bar.
 
Mr. Andrew Ngamsappasilp, the CEO of Perry Group International, said “As we want to ensure that the property and its owners are well looked after, we chose Jones Lang LaSalle, the leader in property management, to manage The Pelican Krabi.”
 
“Jones Lang LaSalle is an experienced management company, and we believe that it understands what level of service is required and can provide expert guidance in the field of juristic management. In addition, Jones Lang LaSalle is a strong international property management brand, and our customers, many of whom are overseas buyers, will recognize it and see that we have considered high-standard after-sales service for them,” added Mr. Ngamsappasilp.
Mr. Dexter Norville, Head of Estate Management for Jones Lang LaSalle, said that the company is pleased to have been awarded the contract to manage this property as it represents the firm’s first appointment in Krabi.
 
“We are expecting Krabi to become more popular over the next few years as it has increasingly been recognised as an alternative destination from Phuket and Samui, which are both established destinations. The growing reputation of Krabi and the international airport will help bring more tourist arrivals each year. Thais and foreigners alike looking to purchase a holiday home or retire in Thailand may well choose Krabi,” he remarked.
 
Property and asset management is one of Jones Lang LaSalle’s fastest growing businesses. Today, the firm is the largest international property and asset management service provider in Thailand with a portfolio of 3.9 million sqm of real estate and corporate facilities managed in Bangkok, Phuket, Pattaya, and in the most recent case Krabi.