The Royal group of companies is focused on investment of properties across Asia-Pacific region. We have over 70 years of combined expertise in the development and management of properties. Established in 1947, our Group has invested in diverse range of properties including Hotels, Shopping Malls, Office Towers, Residential serviced apartments and industrial buildings in the region.
We have achieved considerable progress over the past years due to our engaged leaders, teams, and partners. Testimony to our knowledge & expertise in the Asia-Pacific property market, we have obtained proven assets that are in key locations. Our sustained growth over the years depicts the effective corporate governance and value creation to the shareholders.
The strategic locations of our properties and quality management of our portfolio have attracted many reputable tenants from various industries to include banks, law firms, business schools, executive business clubs, fast food chains, food courts, serviced offices, Departmental stores, fashion and apparel boutiques.
Since 2012 Group's portfoilio includes following Hotels in Asia-Pacific
Sofitel Sentosa Resort & Spa, Singapore
Sofitel So Singapore
Raffles Villa, Singapore
Royal at Chinatown, Hotel 1888, Singapore
Royal at LCY, Hotel 1887, Singapore
Orange Grove Residence, Singapore
DoubleTree by Hilton, KL,Malaysia
Hilton Garden Inn North, KL, Malaysia
Hilton Garden Inn South, KL, Malaysia
Wisa KFC – Curio, KL, Malaysia
Sofitel Sydney Wentworth, Australia
InterContinental Sydney Double Bay, Australia
The Group has invested in major retails in following shopping Malls in Singapore :
Far East Plaza
High Street Centre
Tanglin Shopping Centre
Royal One Phillip Retail
3 Phillip Street Retail
Baghdad Kampong Glam
Trengganu Street, ChinaTown
Admission of Bobby Hiranandani, Asok Kumar’s son into management. Bobby successfully tendered for a conservation building along Robinson road; the development of the Hotel has begun and is expected to be completed in 2013; the agreement with Accor to manage. This hotel will be the first entry by ACCOR’s Sofitel into Singapore, the hotel to be branded “Sofitel So”.
2001, the group invested in their head office at 22 Malacca Street in Raffles Place, Singapore. The property was bought with an occupancy rate of less than 30%. A substantial capital expenditure was devoted to refurbishment and together with an aggressive marketing strategy to populate the building with tenants; the group has a building today that is 100% occupied with a waiting list.
2003, the group ventured into commercial properties in Dubai and Malaysia. The world went into recession; and the group reevaluated their holdings to achieve the right tenancy mix to meet the global slump. In 2007, two commercial buildings were purchased in Chinatown. With the successful tenders in Chinatown, the focus shifted to begin tendering for government lands to build hotels to meet the future needs of tourist bed count in Singapore. The Chinatown properties were converted into boutique hotels that provided added value to the group’s assets. A successful bid was also made for the land at Merchant road, Singapore and converted the area into a 203 room business hotel and office building managed by Park Regis Hospitality. The property was profitably sold in 2010.
1992, the group invested in “The Promenade” in Orchard Road for $159 million and improved the rental income a change in tenant mix and then sold the property in 1997 for $271 million.
1993 an investment was made in the Queensway Shopping Centre. Over the years, the tenant mix was improved to enhance the yield; During the same year the group also invested in commercial space at the Peninsula Plaza. Both properties remain as part of their asset portfolio to date.
1994 the group expanded its portfolio to include Hotel properties in Australia and New Zealand. As part of the hotel portfolio purchase, the company entered into management contracts with the ACCOR group. The French group operator managed the properties and later purchased the properties from the group when ACCOR went public in 1997.
1995, an investment was made in a Hotel Property in Singapore called the “Melia at Scotts” for $96 million. With the experience gained from investments in Australia and New Zealand, the management guided right mix of improvements in the property and sold it for $189 million in 1997.
Mr. Asok Kumar Hiranandani took over his father’s retail business and expanded it to 30 retail outlets in Singapore. In 1985 the focus changed to investments in Real estate and their first investment was a commercial property “The Lucky Plaza” in Orchard Road. Their return on investment was 5 times after refurbishment and a change in tenant mix. That remains the group’s anchor property to date.
1950's & 1960's
Mr. Naraindas ventured into Africa and capitalized on myriad of business opportunities.
Mr. Naraindas laid the foundation in 1947 with a small silk garments trading firm in Singapore. With his relentless efforts, the business gradually expanded its horizons.