Pacific Star Group
About Pacific Star
The Pacific Star Group is a real estate investment house specialising in investment management, fund management, development, REIT management, asset management and private equity. Headquartered in Singapore, the Group is one of Asia’s most successful real estate investment houses, serving a premier global investor base spread across Asia, Europe, North America and the Middle East. Since its inception, the Pacific Star Group has transacted multi-billion dollar deals in prime office, retail and residential properties in key cities spread across Asia.
The Pacific Star Group is a real estate investment house specialising in investment management
Look back in 2009:
• April – TripleOne Somerset awarded Energy Smart office
TripleOne Somerset, one of Pacific Star’s managed properties was awarded as one of the Energy Smart building by the National Environment Agency and the Energy Sustainability of the National University of Singapore (NUS). This programme gives recognition to best performing buildings which have incorporated energy efficient technologies and reduced energy wastage. TripleOne Somerset was formerly Singapore Power Building when it was acquired on 20 Feb 2008.
• August – Noon Square Officially opens with a private ceremony
27 August 2009 marked the official celebration of Noon Square’s Opening in Korea, hosted by Mr Frank Rainer Vaessen, as his capacity as Chairman of AREIF and Dr Kim Dai-Young, Chief Executive Officer of Pacific Star Korea. It was graced by Guest of Honour - Singapore Ambassador to Korea,
Noon Square (formerly known as Avatar Mall) underwent extensive enhancement and repositioning work since its acquisition by AREIF in 2007.
• August - Pacific Star launches Pavilion KL Residences Tower 1 for sale in Singapore
Skandinaviska Enskilda Banken AB (SEB) through its subsidiary IMMO Pavilion held an exclusive launch of Pavilion KL Residences Tower 1 on the 29th and 30th August 2009. Pavilion Residences comprises 368 newly-completed residences in 2 towers of 50- and 43-storeys each. They sit on top of the seven-storey Pavilion Kuala Lumpur shopping mall, which is part of a world-class 12-acre integrated development that includes a 19-storey signature office tower and a 200-room luxury hotel, Raffles Kuala Lumpur. Underscoring its international appeal, Pavilion Residences Tower 2 was completely sold out when it was launched in 2007 to owners from 25 nations.
Pavilion Kuala Lumpur has been awarded the prestigious FIABCI Prix d’Exellence Award 2009 for Retail, housing the flagship stores of some of the world’s finest brands. Pacific Star Asset Management Pte Ltd remains the appointed asset manager for its residential towers.
• October - The Pacific Star Group contract with Novaland
Pacific Star signed a successful deal with Vietnam property developer Novaland at the press conference held in Vietnam on 21st October 2009. Pacific Star will be responsible for overall asset concept, marketing development and performance of Sunrise City Shopping Mall. The property is a 700,000 square foot retail complex which is expected to be ready by late 2012, is part of the mixed use development known as Sunrise City which is located in the new urban town Him Lam Tan Hung. Once completion in 2013, the project will be comprise a mega mall and 14 luxury residential/office towers spread over five hectares.
• October - Capital Square awarded with BCA Green mark
Pacific Star is proud to announce that one of our managed properties, Capital Square has been award the BCA Green mark. The BCA Green Mark Scheme was launched in January 2005 as an initiative to drive Singapore’s construction industry towards more environment-friendly buildings. It is intended to promote sustainability in the built environment and raise environmental awareness among developers, designers and builders when they start project conceptualisation and design, as well as during construction. BCA Green Mark also provides a meaningful differentiation of buildings in the real estate market. It is a benchmarking scheme which incorporates internationally recognised best practices in environmental design and performance.
Capital Square was acquired for SGD505 million in an asset securitisation deal that was completed in December 2002.
Pacific Star (Thailand)
About Pacific Star International (Thailand)
Pacific Star International (Thailand) is the principal operating entity of the Pacific Star Group in Thailand. The company currently has two projects under its management: Sathorn Gardens and Eight Thonglor
About Sathorn Gardens
Sathorn Gardens is a first project of Pacific Star in Thailand. The property is located at excellent proximity to both the Expressway and Lumpini MRT, and in a spectacular city location, Sathorn Gardens guarantees an unparalleled package of facilities security comfort and seclusion. Set in a lot of more than 5 rai, Sathorn Gardens offers the capital’s most comprehensive leisure and recreation facilities including an Olympic length swimming pool, two world class tennis courts, two squash courts, library, children’s play room, Jogging track, saunas, snooker room, table tennis all comfortably sitting in the spacious landscaped 6th floor area.
Look back in 2009:
• May – Awarded with 2nd runner up for “Best Designed Property” from Living in Thailand magazine
• July – August – Quality homes with complete facilities proven to be a success with Sathorn Gardens’ over 50 units sold during the Promotion – 0% Interest 5% Deposit 6% Guaranteed Return
• August - Sathorn Gardens Celebrates their 100th unit transfer which Welcomes Tenants to New Homes
• October - Sathorn Gardens seeks out world-renown partners to emphasize their design concept by offering exceptional decoration offers from B&B Italia to all interested buyers.
• November – December - Sathorn Gardens ends the year with Thailand Property Awards 2009 Top 3 Wall Street Journal Best Condo Development from Thailand Property Awards 2009
• November – December – Close 8 penthouses deal to a sole buyer, take up 3,700 SQM area of the selling units
About Eight Thonglor
Eight Thonglor, a mixed development project of 3-0-67 Rai, is situated on the main road of Soi Thonglor (Sukhumvit 55). Eight Thonglor will be another landmark of world class quality in Bangkok. The project provides unparalleled access to a substantial development pipeline, premier business center, and entertainment outlets. All facilities developed in the completion of Eight Thonglor will add value to the property and to the local area. Eight Thonglor is designed to be the most stunning retail space, with five star serviced apartments and a magnificently appointed community of condominiums. The idea of the mixed use project fits well with today’s lifestyle and economy, we foresee a complete center for city people.
Look back in 2009:
• May – Soft launch of Eight Thonglor (retail)
May - Eight Thonglor Residences Proves Bangkok Luxury Properties Very Much Alive with the Kick Off Sale at Paragon Luxury Property Showcase
• June – Eight Thonglor welcomes Xperience, Bangkok’s latest high end Theme Bar imported (brand) from Hong Kong which features different theme event & party, and music
• August - Eight Thonglor Lifestyle Retail Centre & H Gallery Present: ‘Off Limits’ - Trespassing in the Shan State A photographic exhibition by Xavier Comas
• September - Eight Thonglor Launches Exclusive Promotion with Guarantee - 6 % Rental and Up to 10% Cash Discount
• November – Eight Thonglor offers Bangkok shoppers grand sales on 20 most popular Thai designers with “Shop ‘Til You Drop”
• November - Eight Thonglor Welcomes Pan Pacific Serviced Suites A distinguished extended-stay brand by Singapore-based Pan Pacific Hotels Group
• November – Eight Thonglor reported 200 MB. sales in one month
• November – December - Eight Thonglor Residences celebrates the fourth quarter offering heavy promotions valued in the millions to condo buyers. Promotional offers include deLaCour watch (City Cadet Glow collection) value 650,000 THB from Yafriro (Thailand) Ltd.; fully furnished contract worth up to 4 million Baht; membership to World-Class concierge services by Quintessentailly amongst many
For further information please contact:
Suparat Photivichit / Dechavut Vuttisilp
TQPR Thailand
Tel: 0 2260 5820;
Fax: 0 2260 5847-8
Email: aey@tqpr.com/day@tqpr.com
Press Release By:
TQPR Thailand
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