Since 2008, we have invested over one billion US dollars in numerous residential and commercial construction projects in London, Manchester, Tokyo and Bangkok, etc.
Noble Development generated operational profits of US$ 62 million in 2020, the highest in its 30-year history. Furthermore, it emerged as the overseas market leader with over 40% market share.
Ascendis, the joint venture entity, will leverage the strengths and expertise of both companies to create a unique proposition for customers and focus on residential developments in core UK cities.
Noble Development established a Joint Venture with Srisawad Corp PCL, a leading financial services provider, to provide local and overseas customers diversified investment products and solutions.
Working with Noble Development, the Group generated over US$ 130 million in sales to overseas customers, cementing our status as a top 3 market share leader in the overseas segment.
The Group acquired a significant stake in Noble Development Public Company Limited, a top ten real estate developer listed on the Stock Exchange in Thailand, becoming its second largest shareholder.
The Group partnered with Dualtap, a Japanese developer, and DWG, a Singaporean investor, to jointly develop a residential project in Tokyo.
The Group partnered with Origin Property, a top-five developer in Thailand, to invest and launch multiple large scale residential projects in Bangkok.
The Group engaged the Ascott Limited, the largest serviced apartment operator in Thailand, to manage a 300-unit hotel style serviced residence in Bangkok, The Park at EM District.
The Group partnered with Proud Residence, to co-develop a 450-apartment project within the Park 24 Development located in central Bangkok.
The Group continued to grow its portfolio through its partnership with Renaker Build across multiple projects including One Regent, Wilburn Basin, totaling 450 apartments in the heart of Manchester.
The Group acquired over two towers consisting of 200 apartments in the Alto from Renaker Build in Manchester, along with over 250 apartments across three projects from Lend Lease and Dandara.
The Group partnered with Serviced Residence operator, City Apartments, to co-develop Cloth House, a 40-unit residence located in the City of London.
The Group completed the sale of our commercial real estate portfolio in Mainland China to the principal investment arm of one of the largest commercial banks in China.
Founded in 2008, the Group was headquartered in Shanghai, with commercial real estate investments in Beijing, Shanghai and Guangzhou.