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Pace Announces Completion of Investment in MahaNakhon with Apollo and Goldman Sachs

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27 Feb 2017

Pace Development Corporation Plc. (PACE) today announced the successful closing of the 8.4 billion baht (240 million USD) investment in MahaNakhon Development by funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO), one of the world’s largest alternative investment management firms, and Goldman Sachs (NYSE: GS), a leading global investment bank. The investors will hold 49 percent in The Bangkok EDITION Hotel, MahaNakhon CUBE, which is the retail component of the MahaNakhon development and the tallest observation deck and rooftop bar in Thailand.

Funds Managed by affiliates of Apollo Global Management Expect to Lead 8.4 Billion Baht Investment

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10 Jan 2017

Pace Development Corporation Plc. (PACE) has entered into an agreement with Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE:APO), one of the world’s largest alternative investment management firms, to invest approximately 8.4 Billion Baht (235 Million1) in the company’s flagship development MahaNakhon, Thailand’s tallest architectural landmark. This investment marks a significant milestone in Thailand’s real estate industry by an international private equity firm.

MahaNakhon, Thailand’s Tallest Tower,  Presents Stunning Light Show to Celebrate Its Completion

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29 August 2016

Bangkok’s sky lit up when "PACE Development Corporation Public Company Limited or “PACE”, developer of "MahaNakhon", the high end mixed-use development, organized an exclusive event ‘MAHANAKHON: BANGKOK RISING, THE NIGHT OF LIGHTS. The stunning lightshow and gala evening celebrated the completion of Thailand’s tallest tower at MahaNakhon Square on Narathiwas Ratchanakarin Road, on Monday August 29th, 2016.

PACE Confidence in MahaNakhon’s Future with Income Generated Elements for Tourism

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17 August 2016

PACE Development Corporation PLC announced that the company has completed 937 Million Baht worth of transfers in Q2/2016 for The Ritz-Carlton Residences at MahaNakhon development, from a total of approximately 10 billion baht sales. The company targets to increase ownership transfers in Q3 and Q4. Marking the completion of Thailand’s tallest tower, PACE will hold a major celebration event ‘MAHANAKHON: BANGKOK RISING, THE NIGHT OF LIGHTS’ on August 29, and together with refreshed marketing including a roadshow in Hong Kong aims to sell the remaining 30% of residences within 2017.
 

PACE Appoints Kipsan Beck as MahaNakhon’s Managing Director

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21 April 2016

PACE Development Corporation PLC, the firm behind MahaNakhon, today announced the appointment of Kipsan Oslo Beck as the new Managing Director of the mixed-use landmark development and Thailand’s tallest building. 

MahaNakhon rises as Thailand’s tallest and most striking architectural landmark

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10 November 2015

PACE Development Corporation PLC or “PACE”, the company behind the luxury MahaNakhon mixed-use development, announces that 90% of the  project’s exterior glass cladding  has now been installed. MahaNakhon has become Thailand’s tallest tower and its most striking architectural landmark comparable to renowned iconic towers in other world capitals. MahaNakhon also features world-class public areas including Sky Observation Deck; an outdoor bar and restaurant; and a public plaza suitable for staging cultural events and similar activities. With construction to be completed soon, MahaNakhon will be one of Bangkok’s major tourist attractions ready for the opening of the ASEAN Economic Community (AEC). 

PACE shows off MahaNakhon at CTBUH 2015 New York Conference

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5 November 2015

PACE Development Corporation Plc or “PACE” the developer of “MahaNakhon” luxury mixed-use development which is also  Thailand’s current tallest tower, led by Mr. Sorapoj Techakraisri, CEO, attended  the CTBUH 2015 Conference organized by  Council on Tall Buildings and Urban Habitat (CTBUH) during 26 – 30 November 2015 at Grand Hyatt Hotel, New York, USA. Over 1,000 developers and architectural companies being involved in developing tall buildings around the world participated in the conference. 

PACE’s ‘MahaNakhon’ and ‘The Ritz-Carlton Residences, Bangkok’ received 3 major awards

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13 May 2015

PACE Development Corporation Plc. received  three major awards at the Asia Pacific Property Awards 2015 recently held at the Shangri-La Hotel in Kuala Lumpur, Malaysia.  The awards were presented for PACE’s ‘MahaNakhon’ mixed-use development as ‘Best Mixed-Use Development 2015 – Thailand’, as well as its ‘Ritz-Carlton Residences, Bangkok’ which received ‘Best Apartment / Condominium Development 2015 – Thailand’ and ‘Highly Commended Residential High-Rise Development 2015 – Thailand.’

PACE announces successful topping off of MahaNakhon at 77th floor (314 metres)

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29 April 2015

PACE Development Corporation Plc, developer of the super luxury mixed-use MahaNakhon development in central Bangkok, today announced the latest milestone achievement as construction of Thailand’s tallest and most luxurious building reaches its core structure at 77th floor and at a height of 314 metres. When completed, MahaNakhon will be a feast for the eyes and an elegant landmark on the city’s skyline.

ANDREA BOCELLI

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19 March 2015

The “MahaNakhon Project”, by PACE Development Corporation Plc, joins hands with Fresh Air Festival Co., Ltd. to celebrate the occasion that the MahaNakhon project’s construction gloriously reached 314 metres. The successs will be reflected through the creation of the phenomenal concert “MAHANAKHON PRESENTS A MAGICAL NIGHT WITH ANDREA BOCELLI : THE WORLD’S MOST BELOVED TENOR”, marked with the first visit to Thailand of “Andrea Bocelli”, the world-class opera singer who will be singing his heavenly tunes on this magical night, side by side with special guests like David Foster and many other star-studded singers. 

PACE launches new three bedroom Residence at MahaNakhon

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PACE Development unveils The Ritz-Carlton Residences,  Bangkok in Singapore Roadshow

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Nov, 2013

PACE Development Corporation PLC., Thailand’s leading high-end property developer behind the landmark SGD $785 million MahaNakhon mixed-use development, together with CBRE Singapore, unveils The Ritz-Carlton Residences, Bangkok at MahaNakhon at a media event and roadshow in Singapore. The roadshow, held at The Ritz-Carlton, Millenia Singapore from 23 – 24 November, offers discerning buyers in Singapore a unique investment opportunity in Bangkok. 

PACE hosts ‘A Walk Through MahaNakhon CUBE’ in Singapore

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Nov, 2013
PACE Development Corporation Plc., Thailand’s leading high-end property developer , today took leading members of the Thai media to Singapore in an exclusive trip for ‘A Walk Through MahaNakhon CUBE’ to offer them a glimpse of the ultimate luxury lifestyle experience to be happening at CUBE Lifestyle Retail Center, a part of MahaNakhon development which is scheduled to be opened soon.
 

PACE’s MahaNakhon condos a hit with Dubai buyers- sells BHT 420 million in 3-day roadshow

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May, 2013

PACE Development Corporation PLC., the high-end property developer behind the landmark Bht 19 billion MahaNakhon mixed-use development rising in the center of Bangkok, today announced that it has firmed up sales exceeding Bht 420 million for 10 luxury condominiums at its Ritz-Carlton branded residences as a result of a 3-day roadshow conducted in Dubai at the end of April.

PACE kicks off Dubai roadshow for MahaNakhon’s Ritz-Carlton Residences

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Apr, 2013

PACE Development Corporation PLC. conducted a 3-day roadshow in Dubai during 20-22 April, 2013 to introduce it’s Ritz-Carlton branded residences at MahaNakhon to buyers from the United Arab Emirates as well as from Europe and other Middle Eastern countries.

PACE launches The Ritz-Carlton Residences, Bangkok – Thailand’s Tallest Building with House of Patel

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Apr, 2013

PACE Development Corporation PLC. launched a three-day roadshow event in Dubai to introduce The Ritz-Carlton Residences, Bangkok at MahaNakhon in conjunction with real estate agent House of Patels, Dubai.

PACE Registers Highest Sales For MahaNakhon In One Month

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Feb, 2013

PACE Development Corporation PLC, announced that it has sold within one week more than Bht 836 million of its super luxury Ritz-Carlton branded Residences at the MahaNakhon mixed-use development.

MahaNakhon CUBE Lifestyle and Retail Center Successfully Leased

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Nov, 2012

PACE Development Corporation PLC today announced that the CUBE Lifestyle and Retail Center, which is a part of the MahaNakhon mixed use development, has successfully leased four floors, or 55% of its 6,000 square metres of floor area, and that it is slated for completion, on schedule in 2013.

MahaNakhon - SCB Private Wealth Event

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Oct, 2012

October 9/10, PACE and Siam Commercial Bank held 2 nights event for SCB Private Wealth Clients, "Living by Design" an evening presentation by Simon Rawlings, David Collins Studio, introducing fabulous insights about contemporary classic design at The Ritz-Carlton Residences, Bangkok MahaNakhon Pavilion.

Jaeger LeCoultre at The Ritz-Carlton Residences, Bangkok

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Sep, 2012
The Ritz-Carlton Residences, Bangkok co-hosted Pendulum Limited unveiled the new Jaeger LeCoultre hi-complication and 2012 novelties at MahaNakhon Pavilion.

PACE Appoints Bouygues-Thai as Main Contractor

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8 August, 2012
PACE Development Corporation PLC. and Industrial Buildings Corporation PCL. (IBC), recently awarded the contract for the construction of the Bht 19-billion 77-storey MahaNakhon project to Bouygues-Thai Ltd.

MahaNakhon - SCB Open House

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July, 2012

PACE Development Corporation PLC. and IBC, the companies behind the Bht 19 billion 77-storey MahaNakhon mixed-use super luxury development, in partnership with Siam Commercial Bank and CBRE will hold “MahaNakhon SCB Open House” campaign at MahaNakhon Pavilion (BTS Chong Nonsee Station) on Saturday 14 and Sunday 15 July 2012.

PACE signs massive Bht 5,400 million loan agreement with SCB - full speed ahead with MahaNakhon

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23 March, 2012
PACE Development Corporation PLC., the company behind the Bht 19,000 million mixed-used MahaNakhon development, recently announced the signing of a Bht 5,400 million loan agreement with Siam Commercial Bank for the construction of the remainder of MahaNakhon, where piling is now 100% complete and underground works are in progress.  It is one of the largest lines of credit recently extended to a private sector property development project and will be used for the on-time completion of MahaNakhon.

PACE Business Update: MahaNakhon Construction on Schedule

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8 March, 2012

Leading Thai developer PACE Development recently updated Thai media on progress of MahaNakhon, announcing piling completion 100% and other details for MahaNakhon.

PACE Unveils New 2 Bedroom Ritz-Carlton Residence

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10 October, 2011

PACE CEO Sorapoj Techakraisri recently unveiled the new Ritz-Carlton Show Residence at MahaNakhon Pavilion, showcasing one of the luxurious medium sized residences offered to meet customers’ needs and lifestyles.  The Residence is decorated in contemporary classic style.

MahaNakhon Roadshow Media Luncheon

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23 August, 2011

PACE Development Co., Ltd., the residential property firm behind the Bht 19 billion MahaNakhon mixed-use development that includes 194 Ritz-Carlton branded luxury residences, reported Bht 750 million in signed sales for 18 residences as a result of a roadshow to Hong Kong and Singapore at the end of July.

MahaNakhon Singapore Roadshow 2011

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23 July 2011

PACE brings The Ritz-Carlton Residences, Bangkok to Singapore for a 2-day Roadshow during July 23-24 held at The Ritz-Carlton Hotel Singapore.

MahaNakhon Hong Kong Roadshow 2011

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15 July 2011

PACE is organizing a 3-day roadshow to Hong Kong during 15-17 July 2011 to meet with potential buyers. The company has set up a luxurious showroom and sales lounge in The Ritz-Carlton Hotel, Hong Kong’s Presidential Suite, one of the high-flying city’s most prestigious suites located in the world’s tallest hotel.
 

MahaNakhon Groundbreaking

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20 June 2011

Bangkok Governor MR Sukhumbhand Paribatra today presided over the official ground-breaking ceremony for the MahaNakhon, Bangkok’s tallest property development project.

PACE Promotion Release

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21 Feb 2011

PACE unveil exclusive luxury promotion for “The Ritz-Carlton Residences, Bangkok” and “Saladaeng Residences”

Discover PACE Press Release

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2 Sep 2010

PACE showcases “Discover PACE” with great promotional campaign for “The Ritz-Carlton Residences, Bangkok” of MahaNakhon and “Saladaeng Residences”.

MahaNakhon & Lotus Art De Vivre Release

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28 April 2010

Lotus Arts de Vivre and The Ritz-Carlton Residences, Bangkok announce their collaboration in a series of events, which will be held at Bangkok’s new architectural landmark MahaNakhon Development over the course of 2010 and 2011.

Sales Gallery Release

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24 Feb 2010

The MahaNakhon Pavilion, part of the landmark MahaNakhon mixed-use development between Silom and Sathorn Roads was today the venue for the official opening of the much anticipated Ritz-Carlton Residences, Bangkok Sales Gallery in a day long programme beginning with a morning press conference and ending with a grand evening opening event.

MahaNakhon Design Unveiling Release

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18 Sep 2009

PACE Development and IBC, a subsidiary of the Fishman Group, today unveiled the inspirational design for MahaNakhon for the first time, a dazzling mixed-use, 77-storey tower development that promises to be an architectural landmark as well as Bangkok’s tallest building.

MahaNakhon Annoucement Release

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27 May 2009

PACE Development and Fishman Group’s publically listed subsidiary IBC Ltd., today announced their plan to develop MahaNakhon, a high-end mixed-use development poised to be Bangkok’s new world-class architectural landmark.