UPL Real Estate appoints new chairman

UPL Real Estate has announced the appointment of Derek Richard Joseph Elmer to the position of chairman of the Board of Directors.

“We are extraordinarily pleased to have persuaded Mr. Elmer to join UPL in this role. Derek is a true entrepreneur with holdings Asia wide and nobody else knows governance, compliance, our product line, client market and the path forward as well as Mr. Elmer,” said UPL CEO Phil Marmara.

“We are also excited at the injection of project capital from Mr. Elmer, a total sum of US$8m over two years whom only views the potential of Phuket real estate as increasing due to the resilient nature of the target buyer in Asia,” Marmara added.

UPL will also benefit from strategic sales offices in Hong Kong, Bangkok, Shanghai, Guangzhou and New York operated by Elmer’s corporate I-On Asia. Stated

“As a shareholder seeking rapid growth in value, I am particularly gratified that our current projects in Phuket are performing so well. Our plan going forward involves reviewing all projects, agreements and opportunities as well as potential joint ventures in various real estate projects on the islands of Phuket,” said Elmer.

UPL Real estate was founded by Phil Marmara current CEO and is headquartered in Phuket Thailand. UPL specialises in property acquisition and investment in Phuket, representing only the most prestigious developments. UPL is also a high and contemporary Thai villa developer for selected clients.