Thailand’s Narai Group Partners International Investors In Exclusive Mixed-Use Development MontAzure Phuket
MontAzure, the exclusive Phuket resort and residential development taking shape on the last absolute beachfront location on Kamala Beach, has partnered with leading Thailand real estate company Narai Property to launch the THB15 billion project.
Narai Property joins two other partners in the development to complete a group of top blue chip hospitality and property investors. The other two are Hong Kong-based ARCH Capital Management and Philean Capital (Singapore), part of Pontiac Land Group – who have teamed up to launch what is set to be one of Asia’ most exceptional residential resort projects.
MontAzure is a mixed-use resort residential development stretching over 454 rai – an ambitious vision of sweeping scope that stretches from mountaintop to oceanside on Phuket’s sought-after central West Coast, offering over 300m of stunning beach frontage and sumptuous villas nestled in amongst lush, virgin rainforest.
MontAzure’s Managing Director, Roland Bleszynski said: “We are offering a very exclusive, cultured and original mixed-use resort project for Phuket and we were delighted to work with Narai Property and offer a high level of confidence to Thai and international buyers.
“The track record of the development team speaks for itself and the project offers a lifestyle choice and very strong investment opportunity that is truly outstanding with long and short term returns for buyers.”
The total MontAzure development comprises 75 upscale beachfront branded condominiums called Twinpalms Residences MontAzure, 13 exclusive private hillside estate villas or The Estates, a branded five-star hotel, four beach clubs for public and private use, wellness and the 200 rai nature reserve.
Narai Property Managing Director, Jainchai Limvattanakul, said: “We are delighted to invest in MontAzure. It is a project that has great potential and we believe strongly in the future of Phuket as one of Asia’s leading tourism destinations.”
The first phase of the development, Twinpalms Residences MontAzure, will be operated by Twinpalms Management as a hotel residence for buyers once it is completed in 2018. Pre sales have already begun.
The next phase will be The Estates at MontAzure, 13 ultra-exclusive and exquisitely refined hillside villas designed by legendary interior designer, the late Jaya Ibrahim, and the father of Thai contemporary architecture, Lek ‘Mathar’ Bunnag.
The Twinpalms Residences MontAzure and The Estates at MontAzure represent the first two phases in the unique, master-planned MontAzure community, close to Phuket’s famed ‘Millionaire’s Mile’ and the ultra-luxury Amanpuri and Andara resorts. Other exciting phases of the project will also be announced soon.