Separately, a 125-unit apartment building is being built at Chalong Bay, about 7km south-west of Phuket town and on the island’s west coast.
It will be ready in two to three years, along with another two new projects in Bangkok that will begin construction in 2023.
Ultimately, Homa aims to grow its portfolio to around six or seven apartment buildings over the next 24 months, in Bangkok and along Thailand’s eastern seaboard. That is where Homa sees the greatest opportunities because of the government’s focus on creating jobs there.
A key reason why Homa has been able to expand this quickly is because of Mr Olafson’s other role as managing partner at global real estate private equity firm Acre Management, which he co-founded in 2012 with two partners.
“We already have a tried and tested template at Acre, the only difference is that Homa’s will be localised,” Mr…
