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UPL Real Estate has appointed Derek Elmer to the position of Chairman of the Board of Directors. Mr Elmer is also the founder and CEO of I-On Asia Ltd, a successful Risk Litigation firm headquartered in Hong Kong with 15 offices globally.
UPL specializes in property acquisition and investment in Phuket, representing only the most prestigious developments. UPL also acts as a developer for selected clients.
UPL CEO Phil Marmara remarked, "We are extraordinarily pleased to have Mr Elmer join UPL in this important role. Derek is a true entrepreneur with holdings Asia-wide and brings to the role vast experience of governance, compliance, our product line, client markets and a strong vision of the future potential that Phuket offers."
Mr Elmer will be injecting US$8 million of project capital into UPL over the next two years, putting the company in a strong position to develop market opportunities. UPL will also benefit from strategic sales offices in Hong Kong, Bangkok, Shanghai, Guangzhou and New York, operated by Mr Elmer's corporate I-On Asia Ltd.
"As an investor seeking rapid and sustainable growth in value, I am particularly gratified with the current inventory of projects in Phuket," Mr Elmer said. "Looking forward, UPL is well placed to seize opportunities as well as potential joint ventures in various real estate projects on Phuket."
"There are three exciting projects at the pre-launch stage; two will consist of medium to high-end condos and the remaining project will be a mix of very high-end villas and condos, all in prestigious locations. With a budget of up to US $35 million, all three projects are planned to be launched before the end of this year."
website: http://phuket-post.com/article/phuket-property/phuket-property-upl-appointment/ |
