- Business
- Ananda Development Public Company Limited (ANAN.BK) develops and sells residential real estate projects in Thailand. The company operates through segments including Real Estate Development, Management of Real Estate Development Project, Service Apartments, and Other; it provides management for real estate projects, house construction, real estate brokerage services, property agency, juristic management, media production, property rental, and academic seminar services. Ananda develops condominium projects under the Ashton, Ideo Q, Coco Parc, Culture, Ideo Mobi, Ideo, and Elio brands; and housing projects and townhouses under the Artale, Airi, Atoll, Arden, Urbanio, and Unio Town brands, targeting urban customers near mass transit systems in Bangkok and surrounding areas. Founded in 1999 and headquartered in Samut Prakan, Thailand, the company maintains a strategic joint venture partnership with Mitsui Fudosan, Japan's largest real estate developer, encompassing 33 projects valued at 126.9 billion baht. In 2024, Ananda completed the acquisition of the remaining 49% stake in Ananda Mf Asia Udomsuk Two Company Limited from Mitsui Fudosan Asia (Thailand) Co., Ltd. for 449 million baht, increasing its ownership to 100% and reclassifying the entity from joint venture to subsidiary; it also approved the acquisition of ordinary shares in AMF Asia Phra Khanong for 233 million baht, alongside ongoing sales of preferred shares in subsidiaries and dissolution of certain subsidiary companies.