mandates
Ignatev Capital presents a curated portfolio of seven exclusive real estate investment mandates representing USD 176.12 million across Thailand’s premier luxury markets. This offering provides institutional investors with direct access to high-barrier-to-entry assets in Bangkok and Phuket, structured to capitalize on Thailand’s post-pandemic economic recovery and infrastructure modernization.
Total Portfolio Value
USD 176.12 million across seven mandates
Geographic Allocation
76.8% Phuket, 23.2% Bangkok
Asset Diversification
Hotels (46.3%), Luxury Residences (35.1%), Branded Condominiums (16.5%), Opportunistic (1.2%)
Target IRR Range
7% – 25% depending on risk profile and asset class
Investment Horizon
3-10 years with flexible exit strategies
Minimum Investment
We operate with a minimum investment threshold of $7-10+ million USD, however tickets may vary depending on the specific mandate and strategic focus.
Risk-Return Profile
Core (Allocation 20.1%)
Completed assets, stable cash flow. Target IRR: 12-15%
Core Plus (Allocation 76.8%)
Development projects, established operators. Target IRR: 12.5-18%
Value-Add (Allocation 3.1%)
Operational optimization opportunities. Target IRR: 18-20%
Opportunistic (Allocation 1.2%)
Resale arbitrage, short-term gains. Target IRR: 15-25%
Investment Recommendation: QUALIFIED PROCEED
Rating: B+ (Attractive with Enhanced Due Diligence)
This portfolio merits serious consideration for sophisticated institutional investors seeking Asia-Pacific real estate exposure with above-market returns. However, investors must carefully evaluate construction exposure (43% of portfolio) and implement appropriate risk mitigation strategies.
Current Mandates
FLAGSHIP BRANDED RESORT HOTEL – PHUKET
Core Plus | Stabilized Cash-Flow + Upside | Hospitality
A 350+ key resort in Phuket under a global hotel brand. Positioned 600 meters from a top-rated beach, the hotel combines operational revenue with long-term appreciation potential. Structured minimum return, third-party valuation discount, and buy-back clause provide institutional-grade downside protection.
This image is for illustrative purposes only and may not reflect the actual project.
Location
South Phuket
Yield
4% floor, with upside to 10%
Asset Type
Operating 5★ Hotel
Exit Strategy
Year 5 buy-back or REIT listing
Investment Size
USD 76M
Status
Operating
Riverfront Condominium Collection – Bangkok
Core | Luxury Residential Block | Urban Trophy Asset
An exclusive block of 24 completed units in one of Bangkok’s most prestigious riverfront towers. Includes penthouses, large 3–4BR units, and diplomatic-grade residences. Eligible for foreign freehold ownership. Offered below market in an off-market allocation.
This image is for illustrative purposes only and may not reflect the actual project.
Location
Bangkok (Riverside)
IRR Target
12–15%
Asset Type
Completed Luxury Condominiums
Exit Strategy
UHNW resale or embassy leasing
Investment Size
USD 35.4M
Status
Completed
Beachside Branded Residences – Phuket
Core Plus | Under Construction | Branded Condominium
Early-stage investment into a branded condominium block 500m from Bang Tao Beach. Designed and co-managed by an award-winning hospitality brand. Structurally de-risked with completion guarantees and performance bonds. Ideal for rental yield and long-term resale.
This image is for illustrative purposes only and may not reflect the actual project.
Location
Phuket (Bang Tao)
IRR Target
12.5–15.3%
Asset Type
5★ Branded Condos (64 units)
Exit Strategy
Q1 2027
Investment Size
USD 24M
Status
35% completed
Ultra-Luxury Villas – Layan Hills
Core Plus | Seaview Villas | Phased Capital Deployment
A hillside collection of 13 freehold villas with protected sea views and premium specifications. Strategically positioned 3 minutes from Layan Beach. High-margin project with flexible entry timelines and land-backed ownership.
This image is for illustrative purposes only and may not reflect the actual project.
Location
Phuket (Layan)
IRR Target
15–18%
Asset Type
3–5BR Private Villas
Exit Strategy
UHNW resale or hold-to-yield
Investment Size
USD 23.4M
Status
Mixed (1 completed, 12 under construction)
Education-Centered Residential – UWC/Thanyapura Corridor
Core Plus | Mid-Market Housing | Education-Driven Demand
Complete block of 32 semi-detached and townhouse units targeting long-stay international families. Adjacent to UWC Thailand and Thanyapura Wellness. High-yield micro-market with low tourism dependency.
This image is for illustrative purposes only and may not reflect the actual project.
Location
North Phuket (UWC Zone)
IRR Target
15–20%
Asset Type
Mid-Market Villas (32 units)
Exit Strategy
Family office exit or rental pool
Investment Size
USD 9.74M
Status
Pre-construction (Q1 2027 delivery)
Heritage Boutique Hotel – Bangkok Riverside
Value-Add | Operational Turnaround | Landmark Property
31-key boutique hotel with F&B outlets and river frontage in historic Bangkok. Existing occupancy near 60%; value creation through rebranding and operational optimization. Optional conversion potential (residential or hospitality).
This image is for illustrative purposes only and may not reflect the actual project.
Location
Bangkok (Klong San)
IRR Target
18–20%
Asset Type
Operational Boutique Hotel
Exit Strategy
Yield optimization + exit or conversion
Investment Size
USD 5.5M
Status
Operating
Pre-Completion Condominium Resales – Phuket
Opportunistic | Arbitrage Portfolio | Branded Resort Project
A portfolio of early-phase resale units from a branded development near Bang Tao. Units purchased at pre-launch discounts with documented uplift to current pricing. Short hold-to-exit window (2–3 years) and verified developer guarantees.
This image is for illustrative purposes only and may not reflect the actual project.
Location
Phuket (Bang Tao)
IRR Target
15–25%
Asset Type
Resort Condominium Resales
Exit Strategy
Retail resale or rental pool
Investment Size
USD 2.08M
Status
Pre-completion (2026 handover)