Kingdom Property Seals Major Sponsorship Deal With Royal Varuna Yacht CLub In Thailand

PATTAYA, THAILAND : Kingdom Property has signed a major sponsorship deal with the country's most venerable sailing institution, Royal Varuna Yacht Club to support Thailand's young sailors of the future.

All Smiles: Kingdom Property Chief Executive Officer Nigel Cornick (left) and Royal Varuna Yacht Club Commodore Simon Makinson.

Kingdom Property Chief Executive Officer Nigel Cornick and Royal Varuna Yacht Club Commodore Simon Makinson inked the agreement at a glittering 'Come To The Point' party at the yacht club, to introduce Southpoint to Pattaya's press and to a coterie of the dynamic seaside town's movers and shakers.

Royal Varuna Yacht Club, where His Majesty King Bhumibol is the Patron of the Club, is a neighbour of Kingdom Property's first condominium development, Southpoint, at Pratumnak in South Pattaya.

Mr Cornick said he was delighted to sign the one-year deal as a Gold Sponsor of the club's Junior Sailing, which he hoped would become a long and ongoing relationship.

"The Royal Varuna Yacht Club is a true Thailand institution. It represents both the amazing heritage and history of Pratumnak and also the vibrant, family-friendly face of Pattaya today.

"By supporting the keen young sailors of the club's Junior Sailing division, we are also making a statement that we believe in the future of this town, and of Pratumnak in particular, and that we are here to stay."

Royal Varuna Yacht Club Commodore Simon Makinson said he was very happy to sign the sponsorship deal and to welcome Southpoint and Kingdom Property to the Pratumnak neighbourhood, which he described as the heart and soul of Pattaya.

"Nigel is a long-time friend of Varuna and we are thrilled to see him back with Kingdom Property and to have him and his team as part of the community," Mr Makinson said. "I say thank you not just from myself but on behalf of the club and our Junior Sailors."

Southpoint Pattaya is being built on a four rai freehold plot on a lush green slope of Pratumnak Hill, just south of Bali Hai in Pattaya City, an area currently undergoing a major transformation including the development of a new marina.

The project, which will be opening for pre sales in the third quarter of 2012, will have a project value of THB2 billion with completion scheduled for 2015.

About Kingdom Property. Kingdom Property was established in 1994 as a property services company. In 2009 Nigel J. Cornick acquired a shareholding in the company with the intent to use his extensive real estate experience to invest directly into development opportunities of which Southpoint in Pattaya is the first condominium project.