LEASED OUT 60% OFFICE SPACE IN THE BRAND-NEW MS SIAM TOWER THE FIRST PREMIUM OFFICE BUILDING ON RAMA III

Real Estate Press Releases Monday August 26, 2019 13:55
Bangkok--26 Aug--CBRE Group

The first premium office building at the corner of Rama III & Industrial Ring roads with an investment value of THB 2.6 billion. Thunsrisiam Company Limited is very proud to have officially opened "MS SIAM TOWER".

Board of Thunsrisiam along with honorary guests, Surayud Chulanont, Li Chunlin - Counselor and Consul-General of the Chinese Embassy in Thailand, Zhang DongHao - Counselor of the Chinese Embassy in Thailand, Jitti Tangsithpakdi - President of Thai-Chinese Chamber of Commerce, Dr. Sangchai Sottheeworakul - President of Tae Chew Association of Thailand held the Grand Opening on August 23, 2019, in the front of the office building before a walking tour on the 38th fl. to marvel at spectacular 360-degree views.

Thunsrisiam Company Limited is a merged organization between Mahatun Plaza and Srisiam Property Company Limited, who operates Mahatun Plaza (Ploenchit) and Thai CC Tower (Sathorn) buildings. Mr. Korrawit Sawatyanon - Thunsrisiam's General Manager said, "MS Siam Tower is 38-floor office building with panoramic views of the Chao Phraya river and green space of Bangkrachao, known as Bangkok's green lung. Currently, our project has been leased out 60% which major tenants are technology and food companies. It was constructed based on an environmental-friendly concept as proven by its LEED – Gold certification (Leadership in Energy and Environmental Design) from the US. This concept could effectively address the needs of tenants that require large space due to the flexibility of having knock-out panels in the building design; while, organizations who require smaller space also have options as they can lease 100 sq.m. offices in a premium building at a lower price.

Ms. Roongrat Veeraparkkaroon, Director and Head of Office Services CBRE Thailand, who has been appointed as MS Siam Tower's sole agent said, "Because of the premium quality brought by MS Siam Tower to the Rama III area being the first premium office building, it has successfully leased 60% of its total space from leading companies"

MS Siam Tower is efficiently located on a 7-1 Rai plot of prime land with useable areas of approx. 43,000 sq.m. including 40,000 sq.m. office space and around 3,000 sq.m. of retail space. It has office floor plates of 1,200 – 1,300 sq.m. with a ceiling height of 2.80 m. There are 12 passenger lifts, 1 service lift, and 2 car parking lifts. Furthermore, with its 10 floors of car parking would allow tenants to have roughly 800 parking lots. MS Siam Tower conveniently provides canteen, restaurants, cafe, fitness, convenient store, and so on. However, the asking rental is only THB650 per month per sq.m. The project was already completed in Q1, 2019.

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Twitter: @mssiamtower Instagram: mssiamtowerbkk
YouTube: MS Siam Tower Official Website: http://www.mssiamtower.com
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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 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 480 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 a broad range of integrated services, including property sale and leasing, facilities, transaction and project management; property management; investment management; appraisal and valuation; and strategic research and consulting. Please visit our website at www.cbre.co.th


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