Supalai (Equity)

Supalai Public Company Limited (Supalai PCL), is a Thai property developer that started its journey in building residential and commercial buildings in 1989.

Supalai PCL is a leading real estate development company listed on the Thai stock exchange (SET:SPALI), with a market capitalisation of around AU$2B. Supalai PCL initiated investment in Australia in 2013, entering into an exclusive partnering arrangement with Gersh for the purpose of introducing and managing Supalai’s investment positions.

In 2014, Supalai Australia Holdings (SAH) was incorporated and commenced direct investment in Australian real estate development projects. SAH has invested, through Gersh, with reputable joint venture partners; they include Satterley Property Group, ICD and Peet. To date, SAH has committed equity into 7 major projects, that on completion will deliver approximately 7500 residential dwellings and residential housing lots, with strategic plans for further investments.


Supalai Public Company Limited invests $52.5M for a 50 per cent interest in Stockland’s newest master-planned community, Katalia at 975 Donnybrook Road in Melbourne’s north. Stockland agreed to purchase the 89 hectare site in November 2019, for $105 million on capital efficient terms, with parcel one expected to settle in FY21. Construction is due to commence in the coming months which will allow for the first settlements under the new joint venture to occur from July 2021. Supalai was represented in the transaction by Gersh Investment Partners Limited.


Arcadia is a 1,760 lot residential subdivision and development. The site has a total area of 127 hectares and located in Officer, approximately 50 km southeast of the Melbourne CBD. In 2013, Places Victoria, a development arm of Victoria State Government put the site up for public sale as a going concern project, which attracted many potential buyers.

The project is a joint venture with Satterley Property Group.


Balmoral Quay is a boutique townhouse project on the waterfront of Geelong. It comprises of 2.75 hectares of freehold land on the edge of Corio Bay and 8 hectares of seabed under leasehold with the Victorian State Government. The project is a transformation of an old shipyard into a luxurious waterfront living comprising 120 townhouses and a marina berth to accommodate up to 160 boat berths. The project also includes substantial public realm work including refurbishment of beaches for public use.

The project is a joint venture with two other private investors.


Gen Fyansford is a residential land subdivision with an expected yield of more than 1,000 residential lots across a 115-hectare parcel. The project also includes a 3ha site for a neighbourhood shopping centre and mixed use. The project is located close to central Geelong, abutting the Barwon River, Queens Park golf course and Belmont Common.

The project is a joint venture with ICD



Narangba is a 600-lot residential subdivision of a 40-hectare parcel located 32km north of the Brisbane CBD in the Moreton Bay region. The area is well serviced by existing rail and road infrastructure as well as being in close proximity to schools and shopping centres.

The project is a joint venture with Satterley Property Group.


Located 20km north of the Melbourne CBD, True North is a 1,272 lot residential land subdivision bordering the Greenvale Reservoir and close to Melbourne airport.

The project is a joint venture with Satterley Property Group.


Newhaven is a 123-hectare residential land subdivision comprising 1,754 lots and a new school site. The project is located in Tarneit, part of Melbourne’s south west growth corridor, approximately 25km south of the CBD. The site is intersected by the recently completed regional rail link, making it particularly attractive to city commuters.

The project is a joint venture with Peet.


Eden’s Crossing is a land subdivision project with an expected yield of 1,100 residential lots across 122ha. This site is in Redbank Plains, approximately 28 km from Brisbane CBD.

The project is a joint venture with Peet.


Supalai Public Company Ltd and Gersh acquire Brunswick Super Site for Multi-Level Residential Development.

Supalai Public Company Limited and Gersh have jointly purchased a c. 3,000 sqm site in the heart of Brunswick.The site currently has planning approval for an 8-level residential development comprising c. 141 apartments, 1 retail tenancy and 158 associated car spaces over two levels of basement parking. Supalai and Gersh will be developing the CARR Architecture designed project, expected to be completed in July 2022.