VCI Global’s real estate arm acquisires Impiana Private Villas Kata Noi

V Capital Real Estate Sdn Bhd, the real estate arm and a subsidiary of VCI Global, announced that it has executed an agreement with Haad Sai Ngen for the acquisition of leasing rights for land, including Impiana Private Villas Kata Noi, Phuket, and its associated assets. Upon VCI Global’s acquisition of the leasing rights for an approximately 2,902 square meters land area in Karon Sub-District, Muang Phuket District, Phuket Province, Thailand, the Company secures Impiana Private Villas Kata Noi, Phuket along with all its associated assets. Impiana Private Villas Kata Noi comprises 11 villas, covering 1,085 square meters, occupying less than 40% of its land area. This presents a promising opportunity for potential future expansion. Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global said, “Thailand’s hospitality industry is expected to reach $19 billion by 2028, giving a 5-year compound average growth rate of almost 30%. Aligned with our strategy to explore opportunities in the Southeast Asia hospitality sector, we consider the acquisition of Impiana Private Villas Kata Noi a strategic investment. We anticipate further prospects in hospitality, fostering growth of our subsidiary, V Capital Real Estate Sdn Bhd.”