Investor Relations

G Land

Message From Chairman

To All Shareholders

Our Company "Grand Canal Land Public Company Limited" is constantly operating to reach the goal of being the real estate developer developing integrated projects with large areas where each of them comprises the fully functional buildings for all 6 functions i.e. office buildings for rent, retail spaces for rent, hotels, condominiums, housing projects and tourist attractions. In 2017, the Company focused more on development of the office buildings for rent and retail spaces for rent projects in order to serve the demands of the continually-growing commercial lease market in order that the Company could be able to stably and constantly generate revenues.

The Company's main project is the Grand Rama 9 Project. There have been several sub-projects continually opened in the Grand Rama 9 Project, from Belle Condominium in 2012, The Shoppes retail spaces in 2013, The Ninth Towers office building for rent in 2014, Unilever House in 2015 and G Tower in 2016. These projects are successful and well-responded by the group of customers and also clearly emphasize the image of a large new CBD (Central Business District) of Bangkok as they are the fully integrated real estate projects with the facilities and mass transportation system.

In addition, in 2017, the Company also established GLAND Office Leasehold Real Estate Investment Trust (GLANDRT) which invests in The Ninth Towers and Unilever House. GLANDRT has been traded on the SET since 21 April 2017. The Company also has a large land plot with the area of more than 49 rai awaiting the development to be the New CBD in Phahonyothin area namely K8 project, the project co-developed with BTS Group. Such projects public utilities are completely developed and the project is now waiting to connect the entrance to Phahonyothin Road in order to be available for public use.

For 2018, the Company will continue developing the Grand Rama 9 Project so that the whole project will be complete. In this regard, for the Super Tower Project, the bored piling process for the retail spaces is now complete, the construction of basement floors of the parking lot is currently at the third basement floor, the bored pile testing process of the Super Tower has already begun and the bored piling process is expected to start in the second quarter of 2018. The bored piling process of the Hotel Project is now complete. For the projects located close to the red line BTS i.e. the Grand Canal Don Muang and Belle Sky projects on Kampaengpetch Road, as there will be Bangkoks new city plan issued in the late 2018 which will benefit the land close to the BTS lines, the Company will then consider redesigning both projects to be in line with the new city plan.

I hereby, on behalf of the Board of Directors, the Management Committee and all employees, am confident and determined to increase the efficiency and effectiveness of the Company's operation as well as to build strong foundation for the Company to generate stable and constant return for all shareholders. Lastly, the Board of Directors, the Management Committee and all employees would like to thank all shareholders, customers, trade alliances, financial institutions and all stakeholders for always trusting and supporting the Company's operation, resulting in the success of the Company. The Management Committee would like to assure all of you that the Company will continue to operate under the policy and principles of good corporate governance in order to move the Company forward to grow steadily, to create good products and services that meet customer satisfaction and to maximize the benefit for all stakeholders in return for their continued faith and trust in the Company.