Local and foreign business interests form luxury property joint venture
A mid strong demand growth in the Grade A office sector, a joint-venture agreement signing event was held at the Sofitel Phokeethra last week, establishing an investment company, provisionally called Kingdom Luxury Development Co, which aims to build a Grade-A office tower Phnom Penh. The joint-venture signatories are Cambodia Properties Limited Ltd (CPL), which has 17 years’ local experience in the commercial, retail, residential and industrial sectors of the Cambodian real-estate market; TriAsia Group, which has wide-ranging local business interests; independent property investor Sor Thida; and architect and interior designer Lorenzo M Martini. …
