Thailand: Bangkok’s MahaNakhon Tower receives huge cash injection from US

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A milestone for Thai real estate

Pace Development entered into an agreement with alternative investment management firm Apollo Global Management for a stake in MahaNakhon. The US-based company will invest approximately THB 8.4 billion (USD 235 million) in Thailand’s tallest building. This investment is seen as a significant milestone in Thailand’s real estate industry with the well-known international private equity firm entering into the market.

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Source : Thailand: Bangkok’s MahaNakhon Tower receives huge cash injection from US