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Bangkok Post
Bangkok Post
Business

NVD, KE co-invest in high-end project

From left are Jiradej Nusthit, chief investment officer, Nirvana Daii Plc, Mr Sornsak, Mr Lee and Mr Kavin.

SET-listed developer Nirvana Daii (NVD) has co-invested with KE Group to develop a high-end housing project worth 2.6 billion baht on New Krungthep Kritha Road, with former chief operating officer of Raimon Land, Adrian Lee, joining the development.

Sornsak Somwattana, chief executive of NVD, said the joint venture dubbed Nirvana Ally Development Co (NAD) is 49% held by NVD and Ally Capital 1 (Thailand) Co, which is one of KE Group's subsidiaries.

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