Country for PR: Thailand
Contributor: InfoQuest Ltd
Thursday, November 09 2017 - 11:00
AsiaNet
Sansiri Invests US$80 Million in 6 International Brands in Synergy with its Vision to Globally Invest in Next Generation Living
BANGKOK, Thailand, Nov. 9, 2017, InfoQuest-AsiaNet

Standard International - One Night – Hostmaker – JustCo – Farmshelf – Monocle

Sansiri Public Company Limited aims beyond real estate development by investing 
US$80 million (HKD 650 million/ SGD 110 million) in six leading global 
technology and lifestyle businesses in a bold move to expand its holdings and 
create a collaborative, multi-disciplinary portfolio. All six investments are 
in high-growth sectors in global markets which offer new sources of revenue 
beyond Thailand. They represent new asset light business models from the 
synergy opportunities and rapid growth opportunities in this digital disruptive 
era. The potential increase in each company’s valuation, as a result of 
Sansiri’s share in ownership, positively benefits Sansiri’s core business. The 
investments are in line with Sansiri’s vision to focus on next generation 
living and how we live, work, play and discover through technology and media.

Sansiri’s investments include shares in Standard International, the most 
powerful brand in the boutique hotel business that turns high-end hospitality 
upside down; One Night, a spontaneous booking app that is transforming the way 
people book same-day stays in handpicked hotels worldwide; Hostmaker, London’s 
No1. Airbnb management company; JustCo, Southeast Asia's largest creative 
co-working spaces; Farmshelf, the smart indoor farms that help you to grow food 
easily; and Monocle, an influential media brand spanning print, online, radio, 
film, retail, and hospitality.

Mr. Srettha Thavisin, President of Sansiri Public Company Limited, announced, 
“Sansiri has high business growth ambitions and these strategic investments 
will develop Sansiri beyond its core business for the first time. We are 
expanding our global reach and capitalising on key opportunities to generate 
new revenue from the property-related industries and we will utilize the 
partnerships to strengthen our core real estate business.”

Mr. Thavisin added, “Our next chapter centres on anticipating and meeting 
evolving consumer needs by creating a world-class modern living platform. This 
involves taking Sansiri to the next level as a global brand, ensuring we are at 
the forefront of tech and innovation, transforming ourselves for the future, 
and creating a synergistic environment for our business to grow. We will focus 
on three key activities, including: strategic investment in global lifestyle 
brands; developing property technologies in partnership with industry 
disruptors; and enhancing influence and audience through premium lifestyle 
media.”  

Mr. Amar Lalvani, CEO and Managing Partner of Standard International, said, 
“The partnership with Sansiri will give us access to more opportunities to 
develop additional technology-driven innovation and hotel properties in Asia 
and throughout the world.”

Sansiri’s US$58 million (HKD 450 million/SGD 80 million) investment secures 35% 
shares in four business units under The Standard International: 1.) Hotel 
operations and management; 2.) Bunkhouse Group 3.) One Night application 4.) 
F&B business.

Mr. Jimmy Suh, President of One Night, said, “Sansiri’s investment allows us to 
tap into the resources from their other investments, which will help us to 
continuously involve.”

Mr. Nakul Sharma, Founder and CEO of Hostmaker, said, “The funding from Sansiri 
will lend our international expertise to help enhance Sansiri customer 
experience and to support the technology and innovation transformation of the 
Thai property market.”

Mr. Kang Wan Sing, Founder and CEO of JustCo, said, “The partnership with 
Sansiri will help JustCo make direct inroads into Bangkok with a launch of 4 
co-working spaces in Bangkok. We expect to have 20 co-working spaces across 
Asia-Pacific by 2018, giving Sansiri access to our 12,000 members.”

Mr. Andrew Shearer, CEO of Farmshelf, said, “Farmshelf helps people grow food 
wherever they live, work and eat using progressive application and AI-based 
technology. Thanks to the funding from Sansiri, we are able to further develop 
our product and bring this new culture to Thailand.”

Mr. Tyler Brûlé, Monocle, said, “We have had a long-standing relationship with 
Sansiri at Monocle and given our growth beyond media, it made sense to partner 
with a company that fit with our increasing focus on urbanism, retail and new 
service concepts.”

For more information please visit www.sansiri.com.
Facebook: Sansirifamily   Instagram: @Sansiri PLC      


For media enquiries, please contact: 
Sansiri PLC
Jirapha Rachasuthee (May)
Tel: +66-2201-3492
Email: jirapha@sansiri.com

Ogilvy Public Relations (Bangkok)
Pangkwan (Oh) / Naris (Kratae)
Tel: +66-84-676-3666 / +66-87-153-9193
Email: pangkwan.lekhyananda@ogilvy.com  / naris.sawatmetagul@ogilvy.com 

Source:  Sansiri Public Company Limited 


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