Country for PR: Thailand
Contributor: InfoQuest Ltd
Monday, April 03 2017 - 22:08
AsiaNet
TCC Group to Build US$3.5 Billion Integrated District Called 'One Bangkok' in Bangkok City-centre
BANGKOK, Thailand, Apr. 3/InfoQuest-AsiaNet/--

- 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.

Mr. Charoen Sirivadhanabhakdi, Chairman of TCC Group and FCL, said, "The 
fundamental aim in the planning and design of One Bangkok is to enhance 
Bangkok's stature as a key gateway city in Asia."

'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.

One Bangkok is being developed by a joint venture between TCC Assets (Thailand) 
Co., Ltd., holding 80.1%, and Frasers Property Holdings (Thailand) Co., Ltd., 
holding 19.9%.

Frasers Property is the international property brand of FCL, a full-fledged 
multi-national real estate company with more than US$17.6 billion in assets.

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."

He added that One Bangkok's design will be sensitive to its social and cultural 
context, incorporating Thailand's heritage, and make the district an integral 
part of the city.

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."

She added, "One Bangkok will also be the first district in Thailand to be built 
entirely around sustainability principles and to LEED for Neighbourhood 
Development Platinum standards."

Contact:

Bangkok Public Relations Ltd
P.Kwantientong +662-664-9500 ext115

Source: TCC Assets (Thailand)

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