CP Land plans expansion in Myanmar, Croatia
CP Land Plc, the property arm of agribusiness conglomerate Charoen Pokphand Group, plans to pay 500 million baht this year to take over an office building in Yangon.
It also plans to pay 1 billion baht for a hotel in Croatia next year.
Vice-president Naravadee Waravanitcha said on Friday soaring demand for office space in Yangon had prompted the company to invest in Myanmar's commercial capital.
CP Land will sign a memorandum of understanding to buy an eight-storey office building from a local owner.