Firms To Watch: Real estate and construction

Jointly led by litigator Chavalit Uttasart and Thiti Homjabok, SCL Nishimura & Asahi Ltd’s real estate team advises on a range of matters concerning land rights, real property, real estate development, construction and environmental law.

Real estate and construction in Thailand

Baker McKenzie LLP

Baker McKenzie LLP houses ‘a team of experts in real estate’ and counts development projects, property and hotel acquisitions, property funds and REITs in its workload, as well as advising on regulatory issues, such as town planning and building control laws. The team is led by Sorachon Boonsong, who stands out for his experience in assisting domestic and international clients with real estate M&A transactions, REITs, greenfield and brown field developments, and leases, while Duangkamon Amkaew, who is praised as ‘professional, smart and diligent’, advises on cross-border hotel acquisitions. Wittaya Luengsukcharoen acts for clients on the management and expansion of their real estate portfolio, in addition to acquisitions and disposals.

Responsables de la pratique:

Sorachon Boonsong

Autres avocats clés:

Duangkamon Amkaew; Wittaya Luengsukcharoen

Les références

‘Most experienced team in the industry, with professional lawyers.’

‘Duangkamon Amkeaw has been fantastic to work with. Very professional, smart and diligent.’

‘The firm has a team of experts in real estate who have a good relationship with land officials in conducting legal land due diligence.’

Principaux clients

Bhiraj Buri Co., Ltd.

ALLY Leasehold Real Estate Investment Trust

Country Group Development Public Company Limited

Hotel Properties Limited

Singha Estate Public Company Limited

Nai Lert Group

Siam Piwat Company Limited

Pacific Century Premium Developments

Zhongfa Group

Frasers Property

Boutique Corporation Public Company Limited

Starbucks Coffee (Thailand) Co., Ltd. / Coffee Concept Retails

All Seasons Property

Principaux dossiers

  • Assisted Accretive Capital Real Estate Company Limited, a Thai developer, with the disposal of a new hotel in Samui to a Hongkong developer, under a Board of Investment exemption for 100% ownership.
  • Assisted Abu Dhabi Fund for Development, a foreign fund’s investment, to invest in five hotel and retail projects in Thailand by acquiring 40% of the shares in the holding companies from Minor International Public Company Limited.
  • Assisted BDC Asset Co Pte., Ltd. in expanding its business via the acquisition of assets for operating a data center business by purchasing colocation data center equipment from WHA Infinite Co., Ltd. through a bidding process.

DLA Piper

Working domestically and internationally, DLA Piper handles the full gamut of real estate transactions, from acquisitions, divestments and due diligence to structuring, land use, facilities management and leasing matters, among others. Counting local and foreign investors, developers, property owners and operators among its key roster of clients, the practice is noted for its expertise in the hospitality and leisure sectors, advising on project developments, contractual agreements, franchising and management agreements. The team is headed by Dusadee Jittasaiyapan, who has experience across the full range of real estate transactions and project developments in Thailand, including retail, hotel, infrastructure and energy projects. It also counts on the expertise of Supranee Arjjit, who focuses on commercial real estate transactions.

Responsables de la pratique:

Dusadee Jittasaiyapan

Autres avocats clés:

Supranee Arjjit

Principaux clients

Ek-Chai Distribution System Co., Ltd.

Burberry (Thailand)

G&P Asset Holding Company Limited

Virgin Active Health Clubs

China Railway Construction (South East Asia) Co., Ltd

Principaux dossiers

  • Advising advise CRCC on the real estate aspects of the project to construct a high-speed rail network linking three airports.
  • Advising on a land acquisition for a major strategic investment.
  • Advising on the renovation of X-ray radiation facilities and the client’s global processing agreement template for local law compliance.

Blumenthal Richter & Sumet Ltd.

Noted for its expertise in the hospitality sector, Blumenthal Richter & Sumet Ltd. advises on hotel and resort development projects, as well as industrial acquisitions, construction loans and financing matters, real estate workouts and restructurings. Counting multinational corporations, institutional investors, private equity funds, SMEs and entrepreneurs among its key list of clients, the team is led by Robert H. Schuler, who has demonstrable experience in hotel and resort developments, F&B and lifestyle matters, residential developments, project restructurings, in addition to agricultural and recreational development projects. Ittinant Suwanjutha, who advises on real estate M&A transactions, is another key contact.

Responsables de la pratique:

Robert H. Schuler

Autres avocats clés:

Ittinant Suwanjutha

Principaux dossiers

  • Advised Prosperity Development Co., Ltd. on a lease with one of the government authorities in Thailand that manages property of the country and assisting in the structuring of the client’s project to develop a hotel and retail shops on the land.
  • Advised Amburaya Property (Samui) Co., Ltd. on preparing the lease structure for a lease extension and negotiation of the terms for W Hotel in Koh Samui.
  • Advising a Thai private equity fund on strategy development, management, mechanics and deployment of liquidity financing principally in the resort real estate market.


Linklaters advises its roster of clients throughout the entire lifecycle of project developments, from negotiating with government bodies to advising on land acquisition and construction financing issues, as well as drafting contracts for property management. Pichitpon Eammongkolchai, who focuses on real estate M&As and financing matters, jointly leads the team alongside Wanwisar Nakarat, who works with real estate developers in the market. Key clients include Kasikornbank and Bangkok Bank, among others.

Responsables de la pratique:

Pichitpon Eammongkolchai; Wanwisar Nakarat

Principaux clients

AIA (Thailand)

Charoen Pokphand Group

DTGO Corporation Co., Ltd.

Hong Kong Land

Italian-Thai Development Public Company Limited


Magnolia Quality Development Corporation Limited

Mandarin Oriental Hotel Group International

Minor International

Roxy-Pacific Holdings

Singha Estate Public Company Limited

Thai Oil Public Company Limited

Victory (Thailand) Co., Ltd.

Principaux dossiers

  • Advised the Consortium of Charoen Pokphand Holding Co. Ltd. and Partners in the bidding and all contracts for the development, construction, operation, financing and maintenance of the US$7.5 billion High Speed Rail Linking Three Airports Project by the State Railway Authority of Thailand.
  • Advised KASIKORNBANK Public Company Limited as new lender in connection with the refinancing of 3 existing facility agreements of 4 Thai borrowers.
  • Advised Bangkok Bank Public Company Limited (BBL) as lender under the US$86.5m Term Loan Facility Agreement dated 14 June 2017 between Bali Property Ltd as borrower and BBL as lender in connection with the 2021 amendments to certain terms under the original Facility Agreement.

Siam Premier International Law Office Limited

Siam Premier International Law Office Limited’s team is led by Praphan Phichaiwatkomol and Chatchavej Chitvarakorn, who has experience advising clients on real property and construction matters, as well as PPS and regulatory issues. It also relies on the expertise of senior associate Ajjima Kanokmaneechotikul, who acts for hotels on share and asset acquisitions, property developments of resorts, hotels and mixed-use properties, in addition to leasing transactions in Thailand. The team acts for domestic and international investors and property developers, advising on a broad range of matters, including those relating to acquisitions and disposals of real property, construction permits and environmental law issues.

Responsables de la pratique:

Chatchavej Chitvarakorn; Praphan Phichaiwatkomol

Autres avocats clés:

Ajjima Kanokmaneechotikul

Les références

‘The team knows the client’s demands. Their advice is stable and reasonable.’

Principaux clients

Intercontinental Hotels Group (Asia Pacific)

Hyatt International Asia Pacific Limited.

Azelis S.A.

Nefab Group AB

Nippon Steel Corporation

Asia Debt Management Hong Kong Co., Ltd.

Confidential private client

International Gateway Co., Ltd.

Minor International PCL

Padaeng Industry Public Company Limited

N.D.S.34 Co., Ltd.

Principaux dossiers

  • Acted as a Thai legal counsel for a client, which included conducting due diligence regarding the real estate and corporate information of the target hotel prior to the preparation and negotiation of terms and conditions under the hotel management agreement.
  • Acted as a Thai legal counsel for Intercontinental Hotels Group (Asia Pacific) PTE. LTD, which included conducting due diligence regarding the real estate and corporate information of the target hotel prior to the preparation and negotiation of terms and conditions under the hotel management agreement.
  • Assisted Hyatt International Asia Pacific Limited with due diligence on the real estate and corporate information of the target hotel prior to the preparation and negotiation of the terms and conditions under the hotel management agreement.

Tilleke & Gibbins

With demonstrable experience across the manufacturing and hospitality sectors, Tilleke & Gibbins’ property team advises domestic and international clients on a range of matters, from commercial and residential development projects, land acquisitions and leasing arrangements to EPC agreements and construction disputes. Chaiwat Keratisuthisathorn, who specialises in property acquisitions, lease agreements and real estate development projects, jointly leads the team alongside Cynthia M. Pornavalai, who acts for hospitality and tourism companies, investment firms, developers and manufacturers on a range of real estate transactions. Key clients include Ananda Development, PTT Tank Terminal and Fabrinet, among others.

Responsables de la pratique:

Chaiwat Keratisuthisathorn; Cynthia M. Pornavalai

Principaux clients

Ananda Development PCL

CMA CGM Inland Services (Thailand) Limited



JC Kelvin Development

King Furniture

Marriott International

PTT Tank Terminal

Scania Siam Co., Ltd.

True Corporation

Principaux dossiers

  • Advising one of the leading consortium members on the implementation and construction of the Laem Chabang Port Phase 3 Development Project, an infrastructure development plan under the Eastern Economic Corridor (EEC) scheme.
  • Advising a leading European-based Electronics Manufacturing Service provider and its Thai subsidiary responsible for the company’s business dealings in Asia, on the acquisition of the land and the construction of a new manufacturing facility in Thailand.
  • Assisted King Furniture Thai Company Limited with its THB 445 million acquisition of a 28-acre plot of land, together with several existing facilities and buildings on the plot in Thailand.


The real estate practice at BH2I standouts for its expertise in the hospitality sector and advises on the structuring of high-end, multi-use hospitality developments, with experience across the Asia Pacific region. Founder and managing partner Benjamin Hirasawa, who splits his time between the firm’s Bangkok and Singapore offices, leads the practice and handles private equity financings, joint ventures and cross-border M&As in the real estate sector. According to one client, Hirasawa’s ‘vast and in-depth knowledge of and experience in the APAC hospitality industry is unmatched’.

Responsables de la pratique:

Benjamin Hirasawa

Les références

‘Managing partner’s vast and in-depth knowledge of and experience in the APAC hospitality industry is unmatched.’

‘Benjamin Hirasawa is an excellent lawyer and my go-to counsel, Given his vast and in-depth knowledge of and experience in the hospitality industry, Ben delivers advice that is on point, technically sound and practical at the same time. He and his team are always responsive, which is crucial for time-sensitive projects.’

Chandler MHM Limited

Chandler MHM Limited’s real estate practice is jointly led by Tananan Thammakiat, who advises on REITs and M&A transactions, and ‘detailed orientated’ Susumu Hanawa, who focuses cross-border transactions involving Indonesia and Vietnam, in addition to real estate funds and finance matters. The ‘impressive, knowledgeable and responsive’ team advises on various aspects of property investments, including project developments, acquisitions, as well as the disposition and financing of existing properties. Key clients include local and overseas investors, particularly leading Japanese property developers.

Responsables de la pratique:

Tananan Thammakiat; Susumu Hanawa

Les références

‘An impressive, knowledgeable and responsive team which can be relied upon to handle the most complex matters. They probably offer the most comprehensive real estate practice in Thailand, great for cross-border work in particular.’

‘I have found their advice to be pragmatic and they understand our commercial concerns. They have strong technical ability, the quality of advice and service has been consistently high.’

‘Susumu Hanawa has an impressive understanding of both the Thai and international regulatory environment and is very active in the real estate area, in particular joint ventures between foreign investors and Thai local developers.’

Principaux clients

Nomura Real Estate Co., Ltd.

Tokyu Land Asia Co., Ltd.

Nomura Real Estate Co., Ltd.

Nishimatsu Construction Co., Ltd.

Leopalace21 (Thailand) Co., Ltd.

Krung Thai Bank Public Company Limited and KASIKORNBANK Public Company Limited

Hankyu Hanshin Properties Corp.

Internet Thailand PCL and INET Leasehold Real Estate Investment Trust

Prospect Logistics and Industrial Freehold and Leasehold REIT

MFC Asset Management Public Company Limited

KTBST Mixed Leasehold Real Estate Investment Trust (KTBSTMR)

Hemaraj Leasehold Real Estate Investment Trust

Principaux dossiers

  • Advising Tokyu Land Asia Co., Ltd., a Singapore subsidiary of a major Japanese developer investing in two warehouse projects in Thailand.
  • Representing Nomura Real Estate Co., Ltd., a major Japanese developer investing in townhouse project in Bangkok.
  • Represented each of KTB and KBank as Lenders in relation to the development of 3 condominium projects and 2 service residence projects in the central business district of Bangkok and Pattaya.

DFDL Legal & Tax

Counting multinational real estate developers, private equity funds and high-net-worth individuals among its key roster of clients, DFDL Legal & Tax focuses on matters concerning commercial and industrial properties, warehousing, hospitality, residential housing and mixed-used projects. The team, which is collectively led by Audray Souche, Guillaume Massin, Vinay Ahuja, Nipaporn Supha-Utchaichan, Kraisorn Rueangkul and Walanchathas Sanguanwong, advises foreign investors on Thai real estate investments. Souche handles cross-border energy and infrastructure projects, while Massin acts for international investment groups, banks, private equity funds and local investors in the agriculture, retail and construction sectors.

Responsables de la pratique:

Audray Souche; Guillaume Massin; Vinay Ahuja; Nipaporn Supha-Utchaichan; Kraisorn Rueangkul; Walanchathas Sanguanwong

Principaux clients

Anamaya Company Limited

Principaux dossiers

  • AdvisedAnamaya Samui with respect to its proposed expansion of the Anamaya project, to include both a residential and hotel portion, with respect to relevant permissions and restrictions for foreign investors.

Kudun & Partners

Kudun & Partners’ workload includes a broad range of real estate transactions, from acquisitions and joint ventures t0 infrastructure funds and REITs, as well as IPOs, and counts investors, developers, operators and financiers among its key roster of clients. The practice also advises hotel and resort entities on the management of Hotel Management Agreements. Founding partner Kudun Sukhumananda, who acts for clients on REITs, leads the team alongside Troy Schooneman, who focuses on real estate development projects, and Peerasanti Somritutai, who handles financing matters.

Responsables de la pratique:

Kudun Sukhumananda; Troy Schooneman; Peerasanti Somritutai

Les références

‘A local Thai practice that comfortably performs to highest international standard. Competes favourably against international firms.’

‘They show detailed understanding of our business and our specific requirements. Respond accordingly in a timely and efficient manner.’

‘Peerasanti Somritutai has a team of outstanding associates who provide excellent support.’

Principaux clients

AAA Multi-Strategy Real Estate VCC

The Erawan Group Public Company Limited

KEX Company Limited

AGRE101 Co., Ltd.

Davis Group

AssetWise Public Company Limited

Siamese Asset Public Company Limited

Pataranan Asset Co., Ltd.

Eakphoomsub Development Company Limited

White Living Company Limited

Areeya Property Public Company Limited

Principal Capital Public Company Limited

FN Factory Outlet Public Company Limited

Principaux dossiers

  • Represented the Singapore-based Harrison Fund—through AAA Multi-Strategy Real Estate VCC, managed by Argate Group on the over-the-counter equitization of select private investors’ ownership over real estate properties in Thailand as a part of investment portfolios.
  • Represented The Erawan Group Public Company Limited on its divestiture of the Renaissance Koh Samui Resort and Spa and Ibis Samui Bophut Hotel to Infinity Hospitality Holding Company Limited and Infinity North Samui Co., Ltd., affiliated entities of SET-listed Siamgas and Petrochemicals Public Company Limited.
  • Represented KEX Company Limited on its acquisition of shares and on its joint venture arrangement with Nirvana Daii PCL.

Watson Farley & Williams (Thailand) Limited

Watson Farley & Williams (Thailand) Limited’s multidisciplinary practice advises on domestic real estate investments and cross-border transactions, in addition to representing clients in construction and engineering disputes across a range of industries, including the energy sector. Christopher Osborne leads the team and handles due diligence issues relating to energy projects and construction developments, while Kay Kian Tan focuses on construction disputes. Senior associate Lyle Andrews is another key contact in the group.

Responsables de la pratique:

Christopher Osborne

Autres avocats clés:

Kay Kian Tan; Lyle Andrews

Les références

‘Watson Farley & Williams’ Bangkok office is a market leader in the region for international arbitration in energy, oil and gas, renewables, power, utilities and infrastructure project disputes.’

Principaux clients


Airbnb Singapore Private Limited

Oxford University


Principaux dossiers

  • Acting for the University of Oxford in the construction of a medical facility in Tak province, Thailand.
  • Advising Strabag on the sale of its railway sleeper factory in Thailand.
  • Advised a high-net-worth investor on the acquisition of a THB170 million residential apartment at the Four Seasons branded residence in Bangkok.

Weerawong, Chinnavat & Partners

Weerawong, Chinnavat & Partners advises on the acquisition, development and construction of real estate assets, in addition to matters concerning land use rights and mortgage registrations, hotel projects and licensing arrangements. Key clients include developers, owners, private and institutional investors, as well as lenders, among others. The team is led by Sunyaluck Chaikajornwat, who focuses on domestic and cross-border real estate M&A transactions, while counsel Chusak Suwanpuchai handles land and construction mandates.

Responsables de la pratique:

Sunyaluck Chaikajornwat

Autres avocats clés:

Chusak Suwanpuchai