Landmarks

• 2002 – May

Angus Maclachlan and Dominique Gallmann establish a BVI company, ‘Exotic Properties Ltd’. From their Bali base they start to develop ‘Exotiq’, a brand positioned to help people establish new lifestyles in exotic locations. The new business concentrates on three different sectors: real estate, travel, and home furnishing. The aim is to grow through corporate investment and joint ventures in the key operations and through franchising around South East Asia.

• 2002 – July

The first two Exotiq Real Estate offices opened in Nusa Dua and Sanur, both in Bali.

• 2002 – October

Tragedy hits Bali with the devastating nightclub bombings. This event severely hits all businesses on the island for over 18 months.

• 2003 – January

SARS virus scare is at its height, adding to the hostile trading environment in South East Asia.

• 2003 – June

After months in development Exotiq launches its customized brokerage operating software called ‘VISTA’. This system allows management to efficiently control large numbers of property listings with unique search functions to quickly identify suitable property. It consequently allows Exotiq to operate with about 50% fewer admin staff than its competition.

• 2004 – March

The fourth real estate office opens in Seminyak, Bali as business starts to recover on the island.

• 2005 – May

Exotiq Villa Services, an integrated property management company is launched in Bali, with new offices located in Legian. This moves Exotiq into the lucrative villa holiday market with new websites launched, such as ‘Exotiq Villa Holidays’ and ‘Amazing Luxury Villas’

• 2006 – May

Exotiq adds its fourth Bali brokerage, up in Lovina on the north coast, establishing Exotiq as the largest property network in Indonesia

• 2006 – June

The first edition of the popular property listing magazine ‘Exotiq’ is launched in Bali.

• 2007 – June

With signs of recovery in Thailand Exotiq establishes a merger with ‘Property Network Thailand’ a Pattaya based start-up founded by Chutima Incharoen, resulting in the opening of a new office in the resort city. Senior Exotiq management from Bali move to Pattaya in preparation for a big expansion push in Thailand.

• 2007 – September

A new Exotiq office opens on Bali’s neighbouring island of Lombok.

• 2007 – September

An airline tragedy hits Phuket as a domestic flight from Bangkok crashes on landing at Phuket’s International Airport, killing 88 passengers on board.

• 2007 – November

In its first year of operations in Thailand, Exotiq is honoured with two nominations at the prestigious ‘Thailand Property Awards’ in Bangkok.

• 2007 – December

In Phuket, Exotiq opens larger premises in Cherngtalay, which is located right in the centre of the island

• 2008 – January

Angus MacLachlan is listed in the ‘Real Estate Power 99’ as one of the top 99 most influential industry figures in the real estate market in Thailand.

• 2008 – March

A new office opens on Thailand’s third largest island Koh Chang

• 2008 – April

The first edition of the Thailand version of the ‘Exotiq’ magazine is launched in Bangkok

• 2008 – June

The first Exotiq City Sales Office opens in the Indonesian capital Jakarta.

• 2008 – June

Exotiq Equities Asia signs a joint venture with Siam Property to operate the first Exotiq office in the Thai resort of Hua Hin.

• 2008 – July

Exotiq takes its first steps into the retailing sector by forming a JV with ‘Life Solutions Co. Ltd’, a Hua Hin based interior and kitchens retailer, to develop the ‘Exotiq Living’ brand. The first store to open in Hua Hin in December 2008.

• 2008 – August

A series of co-ordinated demonstrations occur across Thailand, including the occupation of both Phuket and Krabi International airports, as anti- government ‘yellow shirt’ protestors attempt to force the removal of the pro -Taksin ruling government

• 2008 – September

The first signs of a worldwide financial crisis appear with the US Government bailout of home mortgage companies Fannie Mai and Freddy Mac. In the months that follow further high profile banking collapses occur, billions of dollars are paid in bail-outs and the world moves rapidly into recession.

• 2008 – November

Anti Government ‘yellow shirt’ protests escalate with the occupation of both of Bangkok’s International Airports, causing hardship to thousands of stranded passengers and further damaging Thailand’s beleaguered economy.

• 2008 – December

The first ‘Exotiq Living Store’ opens in Hua Hin.

• 2009 – July

Exotiq’s fifth office opens in Candi Dasa on Bali’s east coast.

• 2010 – March

A sixth Thai office is signed for Khanom, an emerging Gulf of Thailand destination, on the mainland opposite Koh Samui.

• 2010 – April

‘Panorama’, Exotiq’s new generation property office operating system and database is launched.

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