TCC Group to Build US$3.5 Billion Integrated District Called #One Bangkok# in Bangkok City-centreReal Estate Press Releases Monday April 3, 2017 16:26
- One Bangkok dedicates 8 hectares of total land area of 16.7 hectares to increasing green and open areas in the city-centre
- Integrated district to be Thailand's largest and a new global landmark destination
- "Our vision is to create a place that people can love and want to spend time in, which everyone in the city will feel is an integral part of our city. Once completed, it will be a global landmark that will enhance Bangkok's and Thailand's stature on the world stage," said Mr. Charoen Sirivadhanabhakdi, Chairman, TCC Group
TCC Assets (Thailand) Co., Ltd. and Frasers Centrepoint Limited ("FCL") will jointly develop 16.7 hectares in the heart of Bangkok into one of the world's "must-visit" destination city districts. The project will create Thailand's first fully integrated district that is built on people-centric principles and a focus on environmental sustainability and smart-city living.
The project, called 'One Bangkok', is the largest private sector property development initiative ever undertaken in Thailand with an estimated investment value of approximately US$3.5 billion. The project promises to become a new global landmark when its first components open in 2021.
'One Bangkok' is a fully integrated "city-within-a-city" district. When all components are completed in 2025, it will have a gross floor area of 1.83 million square metres, comprised of five Grade A office towers built to LEED and WELL standards, five luxury and lifestyle hotels, three ultra-luxury residential towers, a comprehensive array of retail offerings within differentiated retail precincts, and a rich variety of civic areas, and art and culture facilities. Eight hectares of its total land area of 16.7 hectares is dedicated to greenery and open spaces.
The land is leased from the Crown Property Bureau and enjoys a prime location right next to Bangkok's largest central park -- Lumphini Park -- with direct linkages to the city's mass transit systems, as well as easy access to the expressway network.
Mr. Charoen said, "We are honoured to be entrusted by the Crown Property Bureau to turn this important plot of land in the heart of the city into a showpiece district. It is a responsibility that I am privileged to carry and I affirm my commitment to ensure the creation of something exceptional and transformational."
He added, "With One Bangkok, I hope to enhance global confidence in Thailand as the epicenter of ASEAN and a key gateway and lifestyle city in Asia, as well as bring prosperity to all associated with the project, whether as tenants, owners, or business partners."
"To accomplish this game-changing endeavour, I have placed my confidence in two TCC Group companies that perfectly complement each other, combining the financial strength and local knowhow of TCC Assets with the enormous international property development expertise of Frasers Property," Mr. Charoen noted.
Mr. Panote Sirivadhanabhakdi, Group CEO of FCL said, "No single development of this scale and diversity has ever been undertaken in Thailand. One Bangkok will be a vibrant lifestyle destination that will affirm Bangkok's position among the most desirable cities in the world to live, do business, and to visit. It will attract top-level local and multinational companies to set up their AEC headquarters in the district as Bangkok's most prestigious corporate address, and their employees and visitors will enjoy an unrivaled ecosystem of facilities and lifestyle experiences available here."
Ms. Su Lin Soon, a highly reputed and experienced real estate professional and Chief Executive Officer of One Bangkok, said, "Accessibility, connectivity, and sustainability are top priorities in our urban planning. New quality standards, international best practices and diversity in the mix of uses and architecture are fundamental features of the master plan, designed by Skidmore, Owings & Merrill. Supported by local expertise from Plan Associates, and A49, the master plan combines both international and local experiences from the most influential architectural and urban planning firms."
Latest Press Release
Thai Gypsum Products Public Company Limited, the manufacturer of gypsum innovations over 45 years and of the leading brand "Gyproc," has collaborated with Thai Watsadu to offer a new monthly promotion for consumers, homeowners, architects and installers...
World's number one beach club from Ibiza island "Cafe Del Mar" approached Singha Estate Plc and they have agreed to jointly create a one-stop world destination in Maldives. The latest partnership further underlines Singha's attempt to provide all-round...
International developer collaborates with Landscope Christies in Hong Kong to offer attractive investment opportunities in Thailand's first large scale residential resort community for the over 50's Residential community developer, Sunplay Asia, recently...
Bangkok Land Public Company Limited, one of Thailand's leading property developers, continues to develop commercial projects to accommodate business growth and fulfill every lifestyle. The company's latest project "Cosmo Bazaar", a new air-conditioned...
Thai Gypsum Products Public Company Limited, the manufacturer of gypsum innovations over 45 years and of the leading brand Gyproc, has introduced wall and ceiling system solutions to help homeowners deal with the challenges of summer, namely long, hot...