Thakral Corporation (TCL)

The group is also in the process of offloading two office buildings in Osaka. They are expected to be put on sale by September.

"The investment in BillionBricks is in line with our strategy of expanding our focus to include impact investing": Thakral's CEO.

A non-disclosure agreement with Intrepid does not permit Thakral to provide additional financial information on the transaction.

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

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.

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.

(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

(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

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

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.