CBRE APPOINTED TO BE THE DEVELOPMENT CONSULTANT FOR 67-RAI LAND ON RAJDAMRI ROAD

Real Estate Press Releases Tuesday December 11, 2018 19:08
Bangkok--11 Dec--CBRE Thailand

CBRE has been appointed by the Property Management Office of Vajiravudh College to be the development consultant for its 67-rai or 26.5-acre land on Rajdamri Road, covering Mahadlekluang Soi 1 – 3, which is a large site in the core central business district (CBD) of Bangkok.

Spanning from Mahadlekluang Soi 1 to 3, this 67-rai land comprises 28 plots and can be divided into different land group. There are 6 land groups whose lease agreements will expire between 2019 and 2025 as shown in the picture below.

Ms. Aliwassa Pathnadabutr, Managing Director, CBRE Thailand, said, "It is another achievement for CBRE to be appointed as the development consultant for this large project as we will be a part of the evolvement of the Bangkok real estate market. Our roles are to analyse the site's potentials, conduct highest and best use studies and land and property valuations, as well as to arrange tenders for leases of these 6 land groups."

Ms. Kulwadee Sawangsri, Executive Director and Head of Capital Markets – Investment and Land, CBRE Thailand, said, "There is always high demand for land in prime areas of CBD Bangkok. Whenever there is a prime piece of CBD land plots available, property developers and investors are often interested in acquiring it as that land has high potential for both residential and commercial developments. Over the years, developments along Rajdamri Road have proved to be successful, driven by its strategic location with a BTS skytrain station, many 5-star hotels and luxury and super luxury residential developments. The latest development on this road is The Waldorf Astoria Bangkok Hotel which is open in 2018. As this piece of land consists of 28 land plots whose leases will expire at different periods, CBRE expects to arrange a tender for land lease in 2019, and that there will be interest from existing and new leasees in Thailand and overseas."

For those who are interested in the tender submission, please contact Ms. Kulwadee Sawangsri, Head of Capital Markets – Investment and Land, CBRE Thailand at +66 2 119 2997 or investment@cbre.co.th
Persons in the Picture from Left:
1. Ms. Kulwadee Sawangsri, Head of Capital Markets – Investment & Land, CBRE Thailand
2. Ms. Aliwassa Pathnadabutr, Managing Director, CBRE Thailand
3. Assistant Professor Suravudh Kijkusol, Headmaster, Vajiravudh College
4. Mr. Weeraphot Tohleebumrung, Director of theOffice of Assets Management, Vajiravudh College
About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE established an office in Bangkok in 1988, followed by its Phuket office in 2004. CBRE Thailand has grown to be the leading real estate services provider, offering strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; and research and consulting. Please visit our website at www.cbre.co.th


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