Chief executive Sorapoj Techakraisri said under the company's new policy, which starts next year, Pace will develop only one or two condo projects worth a combined 10 billion baht a year while continuing to expand its upscale Dean & DeLuca grocery stores. Mr Sorapoj said from next year the company aimed to have net profit split equally between property development for sales and other businesses, including Dean & DeLuca, retail spaces with a lettable area of 5,200 square metres at Cube, the multipurpose mall, and Bangkok Edition Hotel.