{"id":532056,"date":"2026-07-08T23:42:11","date_gmt":"2026-07-08T23:42:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/532056\/"},"modified":"2026-07-08T23:42:11","modified_gmt":"2026-07-08T23:42:11","slug":"thai-tycoon-revamps-property-business-to-unleash-growth","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/532056\/","title":{"rendered":"Thai Tycoon Revamps Property Business To Unleash Growth"},"content":{"rendered":"

Panote Sirivadhanabhakdi<\/p>\n

Noah Dolinsky for Forbes Asia<\/p>\n

This story is part of Forbes\u2019 coverage of Thailand\u2019s Richest 2026. See the full list here<\/a>.<\/p>\n

Panote Sirivadhanabhakdi, son of liquor tycoon Charoen Sirivadhanabhakdi<\/a>, has been making moves to revamp the family\u2019s real estate portfolio held by Singapore-listed Frasers Property, which he oversees as group CEO. Last year, the company paved the way for the restructuring by taking its Frasers Hospitality Trust private in a S$1.4 billion ($1 billion) deal. In May, Frasers Property sold four of its industrial properties in Europe to its Frasers Logistics & Commercial Trust for \u20ac295 million ($343 million). A month later, it announced a proposal to reshuffle its hospitality portfolio, which includes selling five hotels, such as the former InterContinental Singapore and others in Japan, Malaysia and the U.K. worth a combined S$1.1 billion to the family\u2019s privately held TCC Group Investments. It also disclosed that four of its hotels in Australia and Europe will be put up for sale. <\/p>\n

The plan \u201cfrees up capital for higher-return opportunities,\u201d said Loo Choo Leong, chief financial officer of Frasers Property, in a June statement. Shares of Frasers Property are up a third since last year, helping to boost the patriarch\u2019s net worth by $1 billion to $11.5 billion. The billionaire\u2018s other interests include breweries, food and beverage, packaging and retail. <\/p>\n","protected":false},"excerpt":{"rendered":"Panote Sirivadhanabhakdi Noah Dolinsky for Forbes Asia This story is part of Forbes\u2019 coverage of Thailand\u2019s Richest 2026.…\n","protected":false},"author":2,"featured_media":532057,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[24739,114,242889,225096,242891,242890,85,46,242888,242892,242842,242843,242844],"class_list":["post-532056","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-billionaires","tag-business","tag-charoen-sirivadhanabhakdi","tag-frasers","tag-frasers-hospitality-trust","tag-frasers-property","tag-il","tag-israel","tag-panote-sirivadhanabhakdi","tag-tcc-group-investments","tag-thailand-billionaires","tag-thailand-richest","tag-thailand-wealthiest"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/532056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=532056"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/532056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/532057"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=532056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=532056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=532056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}