The River Awards Sub-structure Contract to Bouygues-Thai

Raimon Land has awarded Bouygues-Thai the sub-structure contract for The River condominium project on Bangkok's Chao Phraya River at a value of THB550 million. The contracts for the main superstructure and finishing works are currently being negotiated with Bouygues-Thai, and an agreement is expected to be reached before July to allow for a seamless continuation of the project. The 40-month construction programme for the luxury condominium development commenced in April this year, with completion slated for September 2011, when the transfer of units will begin. The piling work on The River has been completed and Bouygues-Thai, which is currently constructing Raimon Land's 376-unit Northpoint condominium project in Pattaya, has already begun mobilising for the sub-structure work. Bouygues-Thai won the The River's sub-structure contract due to its proven track record for superior construction.

For more information, www.theriverbangkok.com

Raimon Land Board Approves THB900-million Debenture

Raimon Land's Board of Directors has approved the issuance of THB900 million in debentures by its subsidiary, Contemporary Property, to a Lehman Brothers company. The Raimon Land board agreed to the non-connected transaction at the company's Bangkok headquarters after previously reaching an agreement with Lehman Brothers. The Hong Kong and Shanghai Banking Corporation Limited, Bangkok Branch, is acting as the trustee for the secured debentures, which are being issued at an annual interest rate of MLR +1.35% for an 18-month term. The debentures will provide Contemporary Property with the financial security it needs to move forward after the successful completion and ongoing handover of The Lofts Yennakart. It also enhances Raimon Land's reputation as a developer with the financial security and the established track record required to inspire investor confidence and to build long-term trust in the company and in upmarket Thailand real estate investments.

The River's Elevator Wins Prestigious Award

Raimon Land's luxury condominium development, The River, won the prestigious Elevator World magazine's 10^th Annual 2008 Project of the Year Award in the Accessibility Systems category for its “upside-down, inside-out” platform elevator at the Bangkok show suite. The three-storey custom lift is unique due to the absence of any visible means of support. Its open-top circular platform rests on the ground floor, but when in use the elevator acts as a hydraulic pedestal pushing passengers to the desired floor. A profiled leather balustrade sits on top of the 1.25-metre-high circular wall to allow riders to view the cityscape as the elevator climbs inside the spiral staircase. Elevator World's panel of industry specialists selected The River's “upside-down, inside-out” design for its unique application, challenges that had to be overcome, the teamwork and techniques involved for its successful installation, use of advanced technology and the overall quality of the presentation.

DJ Tiesto Live at The River

World famous DJ Tiesto performed at The River Promenade on April 17, with over 1,000 enthusiastic concert-goers attending the event organised and promoted by Raimon Land to support The River Lifestyle concept. The larger-than-expected, energetic audience at 'DJ Tiesto Live at The River' received a treat when local pop sensation Tata Young jumped on stage for an impromptu performance. Raimon Land also invited special guests, Wicked Aura, a Singaporean percussion band, to perform, rounding out an evening that guests couldn't stop raving about. Raimon Land's website presented the chance for fans to win free invitations to the concert, and the offer received an excellent response. DJ Tiesto's Elements of Life World Tour DVD was officially released on February 29, and from March 7 he embarked on a world tour, including his Bangkok stop, to perform his latest work.

The Lofts Southshore Sails Off with Platu Coronation Cup

The Raimon Land-sponsored platu-class racing yacht The Lofts Southshore sailed brilliantly to win the royally sponsored HM The King's Platu Coronation Cup held during the prestigious Top of the Gulf Regatta. One of Asia's leading upscale marine events, the regatta - also sponsored by Raimon Land - was a major success this year, attracting the biggest field ever in its history at the Ocean Marina Yacht Club in Pattaya from May 2-5.

The Lofts Southshore, skippered by Scott Duncanson, finally cruised to victory after an exciting battle in the gulf with a number of close competitors. The field also vied for the Top of the Gulf Regatta Trophy and the Optimist National Championship for young sailors, which saw an encouraging 126 entries, the largest of any comparable event in the region, which is a great sign for the competition and Asia's up and coming sailing talent.

Siam Paragon Luxury Property Showcase

Raimon Land will be highlighting two of its Pattaya condominium projects - Northpoint and The Lofts Southshore - at the Siam Paragon Luxury Property Showcase on May 8-18, 2008, from 10am - 10pm at Siam Paragon's Hall of Fame room, Booth 10, on M Floor that connects to the BTS sky train. The 376-unit twin-tower Northpoint project - located on a 12-rai beachfront site at Wongamart, North Pattaya, has sold over 252 units to date. The Lofts Southshore is due to go to market in mid-July and visitors can get a preview of the project and register for first pick of the units types and spectacular views at the showcase.

For more information, www.northpointpattaya.com, www.theloftssouthshore.com

GTCC Networking

Raimon Land will be hosting the German-Thai Chamber of Commerce's monthly networking get together on May 14, at The River Promenade starting at 6.30 pm. All members of the German expatriate community and other interested parties are invited to attend the event.

For more information, please contact email: eupaporn@gtcc.org

10^th Anniversary Phuket International Rugby 10s

Raimon Land will again be the main sponsor for the 10th Anniversary Phuket International Rugby 10s being held from May 30-June 1, at Karon Stadium with several ex-internationals competing, including Gareth Chillcott. This year the tournament is being held over three days due to the popularity of the Coffin Dodgers veterans division, which has attracted 16 teams, and there will be 24 teams from the UK, Australia, China, the Middle East and Thailand in the main competition vying for the Clive Williamson Memorial Trophy. The Phuket International Rugby 10s is a charitable event with the proceeds being donated to the Orphan Scholarship Fund in conjunction with the Asia Centre Foundation. Last year's tournament raised close to THB1 million for the fund.

Bangkok River City Workshop

Raimon Land is the sole private sector sponsor for the Bangkok River City Workshop being organised by Les Ateliers for the Bangkok Metropolitan Administration from May 31-June 13 in Bangkok with 21 participants. The topic of the workshop is the valuation of the Chao Phraya River and how it can be better integrated into the metropolis. The various functions of the river will be analysed including economics, lifestyle opportunities, transport possibilities and function of image by focussing on access, crossing, landscape design, water quality, notion of 'riverfront', economic activity and promotion. Raimon Land's company representatives will deliver speeches and express their views and expectations on the topic to the workshop participants. Les Ateliers is a 26-year-old international network of urban designers based in France that holds creative workshops on urban issues.

Koh Samui Regatta

Raimon Land is sponsoring the 2008 Koh Samui Regatta, the island's longest running international yachting event, being run from June 1-7. This year's event for the KSR Waterford Crystal Perpetual Bowl expects to attract 35 to 40 yachts with upwards of 300 international crew members taking part. Among the entrants is Ray Roberts' Quantum Racing, which has already won the Asian Yachting Grand Prix Championship, and Matt Allen's Ichi Ban, which is being shipped from Dubai, fresh from her recent victory in the Gulf the Maktoum Cup. Perennial line honours winner Jelik the Reichel Pugh 76, under the guidance of Frank Pong will be looking to repeat her 2006 success, but defending champion Bill Bremner is back from Singapore on his new Foxy Lady IV a TP52 recently shipped in from the US. Raimon Land Race Day is on Friday, June 6, with a beach party at Tradewinds followed by festivities at Q-Bar Samui.

For more information, www.samuiregatta.com