Primo taking steps to expand its portfolio

Primo Service Solutions Plc, a property management service provider listed on the Market for Alternative Investment, is broadening its scope to include non-residential properties and projects outside those of its parent company, Origin Property Plc, as demand in the housing sector moderates.

- KANANA KATHARANGSIPORN

Chief executive Surin Sahachatpocanan said the company is adapting its strategy to reduce reliance on residential developments, aiming to diversify and build resilience during a period of market contraction.

"We noticed signs of weakening in the housing market last year, which prompted us to take on management contracts for shopping malls and government facilities," he said. "We're also exploring opportunities in hospitals, hotels and factories, where demand is increasing."