TWINPALMS RESIDENCES MONTAZURE IN PHUKET PARTNERS PILING FOUNDATION EXPERTS SEAFCO PLCAS LUXURY PROJ

MontAzure Phuket has awarded the piling foundation contract of its upscale beachfront condominium project Twinpalms Residences MontAzure to SEAFCO PLC as the development of Asia's most exceptional resort residential project located in the prestigious Kamala district of Phuket gathers pace. The agreement between MontAzure, a joint venture of three of the most notable property and hotel investment groups in Asia – ARCH Capital Management (Hong Kong & Shanghai), The Narai Group (Thailand), and Philean Capital (Singapore) part of Pontiac Land Group - and renowned Thailand contractors SEAFCO follows the recent Environmental Impact Assessment (EIA) approval of the project. MontAzure Executive Director Setthaphol Boottho, said: "We are delighted to be working with SEAFCO. They have a long and successful track record and were selected based on their knowledge, ability, principals and experience. All our partners in this project are of the highest international standards, and we are again proving our commitment to excellence and uncompromising standards with their appointment." SEAFCO CEO Narong Thasnanipan said: "We are honoured to win this contract and become such an important and integral part of the MontAzure project. I am confident our four decades of experience and expertise will ensure we are another high quality addition to their impressive team." Bored foundation piling will start in mid June. Twinpalms Residences MontAzure is a collaboration with one of Thailand's most celebrated independent luxury resort brands, Twinpalms, and MontAzure, a development covering 454 rai(180 acres, 73 hectares) stretching from the mountainside to the beachfront site, valued at THB15 billion.