Thai bourse seeks alliances to develop The Capital Market Center

General Press Releases Tuesday February 16, 2010 15:44
Bangkok--16 Feb--SET

The Stock Exchange of Thailand (SET) is seeking alliances to develop the first center for innovative financial products and integrated investment in Thailand. SET will open for bidding/ rent the 9.66 rai (1.55 hectares) to alliances to develop the Center.

“This center, which will be at Ratchadaphisek-Thailand Cultural Center area, is in line with Thailand’s Capital Market Development Plan and will increase our competitiveness, as it will be comparable to International Financial Centers overseas. SET will divide its 14.9 rai (2.38 hectares) into two parts: SET’s head office will cover 5.24 rai (0.83 hectares), with another 9.66 rai open for alliances to develop the property,” revealed SET President Ms. Patareeya Benjapolchai.

SET has set up the Land Policy Committee to do market research, analyze financial returns and social aspects, including designing a master plan for sustained development in line with the current economic situation.

“SET’s new head office will support business expansion and growing transactions, and will as be a venue for activities about finance and investment held by SET and capital market alliances”, said Ms. Patareeya.

“The Capital Market Center will help increase competitiveness of the capital market, so that it becomes a stronger driver of our economy,” said SET Governor Niputh Jitprasonk and a Committee member.
Moreover, the Center will be a landmark for the city, filled with arts and advanced technology, with a stable and secure environment.

“Both SET’s head office and the commercial office zone open for bidding/rent will show the Center’s social responsibility by being energy-efficient, with minimal pollution, and be environmentally friendly. It will be a Grade A office building, with LEED Certified (Leadership of Energy and Environmental Design) at the Gold level, and be certified by the U.S Green Building Council (USGBC). The building will use high technology, a stable energy system, and a high level of security for lives, assets, and the organization’s information system,” noted, Department of Housing, Faculty of Architecture, Chulalongkorn University Professor Emeritus Manop Bongsadadt and a Committee member.

“The project will be the financial hub in an area which will tend to become the new Central Business District (CBD) of Bangkok.” said Woraluk Property Co., Ltd. President Wichai Poolworaluk and a Committee member.

Moreover, the Center’s location facilitates convenient communication, as it is near the Thailand Cultural Center subway station and is expected to be junction hub in the future, with links in every direction. It will link to the BTS and Airport Link, the Mass Rapid Transit Authority of Thailand (MRTA) will open the orange line (Bangbamrhu-Thailand Cultural Center-Minburi), which will terminate at the Thailand Cultural Center, making the Capital Market Center to be at the real center of Bangkok.

For more information about The Capital Market Center and the Terms of Reference about bidding or renting in this project, please visit from now until February 25, 2010. The auction will be on March 24, 2010.

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