Peet links with Thai developer Supalai for Redbank Plains project
Robert Harley and Nick Lenaghan
Updated
Development and funds management group Peet has formed a new joint venture fund with Thai heavyweight developer Supalai Public Company to develop a housing estate in Brisbane.
Supalai, which has $1.5 billion asset base, now has five joint venture projects in Australia as it aims to boost its offshore diversification from 4 to 10 per cent of its total asset base.
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Robert Harley is The Australian Financial Review's former property editor. Connect with Robert on Twitter. Email Robert at rob@rharley.com.au
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