PACE signs contract with Donald Trump to open new Dean & DeLuca

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2015

PACE Development Corporation Plc., led by its CEO Sorapoj Techakraisri recently signed a lease agreement with the Trump Organization, led by Donald Trump, to open a branded Dean & DeLuca gourmet market at 40 Wall Street.

40 Wall Street is located in the heart of New York City’s financial district opposite the New York Stock Exchange (NYSE), and is a landmark property that was once the tallest building in the world.  The Dean & DeLuca branch at 40 Wall Street will be a gourmet market covering 2,000 sq.m.in size servicing New York City’s business elite and tourists from around the world.  Dean & DeLuca at 40 Wall Street will be the brand’s 12th branch in the United States and the first branch invested directly by PACE.

PACE Development Corp. CEO, Sorapoj Techakraisri (2nd left), signs a lease agreement to open a Dean & DeLuca gourmet market at 40 Wall Street with Donald Trump (centre), Chairman of The Trump Organization.  The contract signing between the two magnates was witnessed by Bayani Lauraya (2nd right), Chief Operating Officer, Pornson Pattanasin (far left), Executive Director from PACE, and Justin Seamonds, President, Dean & DeLuca USA.

PACE Development is one of Thailand’s leading high end property developers and lifestyle providers.  PACE bought the iconic D&D food and beverage brand last year and intends to make it a leader in the global gourmet F&B marketplace, with revenue from the brand eventually expected to exceed that coming from the company’s property developments.