Thakral Corporation (TCL)

Corporate moves

Thakral takes stake in W Capital to hitch to growing demand for corporate finance services

A vendor can sometimes turn out to be an investment opportunity — even if it is just a minority stake.

Property

Thakral Corporation acquires its tenth site to expand retirement resorts in New South Wales, Australia

Thakral Corporation has acquired some 13.4 hectares of prime land in New South Wales, Australia, through its GemLife joint venture for the development of over-50s lifestyle resorts.

Company in the news

Thakral's property bets

Thakral Corp, which has its roots in trading, is going big on retirement resorts in Australia. CEO Inderbethal Singh Thakral is also trying to catch the revival in Japan brought about by the Tokyo Olympics.

Company in the news

Thakral's retirement resort brand GemLife poised for further expansion

(Nov 11): The Australian residential property market has suffered a multi-year downturn, but Thakral Corp is optimistic that its retirement resort venture, GemLife, is relatively immune from the upheavals in the wider property market and poised for steady

Company in the news

Thakral believes it now has a 'proven story' to tell

(Nov 11): The Thakral family started out as traders and made additional wealth from real estate. They are ready to apply the same trading mindset to owning properties: When the timing is right and the opportunity is there, they are happy to book a gain. I

Results

Thakral reports 42% lower 1Q earnings of $2 mil on absence of investment income

SINGAPORE (Apr 29): Thakral Corporation reported 1Q19 earnings of $2 million, down 42% from a year ago.

Thakral acquires additional property in Queensland

SINGAPORE (May 10): Thakral Corporation (TCL) has acquired, through its joint venture GemLife brand, an additional property in Queensland, Australia, to expand its development of resort-style over 50s retirement housing.
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