BANGKOK, Dec. 20, 2022 /PRNewswire/ — One Bangkok, the most important holistically built-in district within the coronary heart of Bangkok being developed by Frasers Property and TCC Belongings, introduced a strategic partnership with CBRE and JLL introduce the market to the primary two workplace towers on the coronary heart of Bangkok CBD. Providing a mixed 200,000 sq. m. of lettable premium Grade A workplace area, Tower four and Tower 5 at One Bangkok will ship a brand new method to do enterprise and set daring new requirements for workplaces in Thailand.
Lim Hua Tiong, CEO of One Bangkok, stated, “The way forward for the work is evolving, due to this fact Bangkok workplace buildings should tailor to the brand new traits. As a vertically built-in developer and asset supervisor with a confirmed observe document of delivering the perfect workplace tenant expertise in Bangkok, Frasers Property has an excellent understanding of what clients wish to transcend present market requirements by way of bodily area, facilities, and companies. By partnering with CBRE and JLL, international leaders in industrial actual property companies with expansive networks, to behave as strategic leasing companions, we may have an excellent deeper perception into the workplace asset class to ship the final word office ecosystem of the long run.”
“The places of work at One Bangkok emphasize well being, well-being, sustainability, and high quality in each element. For these two workplace towers, we engaged world-renowned consultants to ship fantastically designed,
high-performance environments with flexibility and effectivity for the perfect occupant expertise. They’re additionally the primary workplace towers in Thailand underpinned by future-ready sensible expertise, focusing on WiredScore and SmartScore certifications, and are designed for WELL Platinum certification, guaranteeing the bodily and social environments will profit the well being, well-being, and efficiency of occupants. These attributes have already been acknowledged by the trade, with One Bangkok lately receiving the ‘Finest Workplace Improvement’ award on the 17th PropertyGuru Thailand Property Awards 2022 ceremony.”
“We’re assured in bringing these two workplace towers to the market now. Our most up-to-date workplace improvement, The PARQ, is approaching 95% occupancy, having launched on the outset of the pandemic – and with a really robust tenant profile. This demonstrates that demand for the perfect workplace product stays very strong and One Bangkok is primed to fulfill the demand for premium high quality workplace area.” added Lim Hua Tiong
As international leaders in industrial actual property, CBRE and JLL have unmatched information, market intelligence, and agenda-setting analysis capabilities to help One Bangkok. Roongrat Veeraparkkaroon, Managing Director of CBRE Thailand, the native unit of the world’s largest industrial actual property companies and funding agency, stated, “We’re satisfied that One Bangkok is well-placed to fulfill the demand hole for contemporary workplace area.”
Based mostly on CBRE’s expertise of over 30 years in Bangkok’s workplace market, we’ve discovered that the market has grown to place extra significance on neighborhood, setting, and human wellness. From 2022 – 2025, Bangkok will see 1.17 million sq. m. of latest workplace provide and lots of of those new tasks will likely be registering for constructing certifications comparable to LEED and WELL. Buildings demonstrating that they’ll meet environmental and well being requirements will obtain good responses from workplace occupiers, significantly these developed and managed by extremely skilled groups with a confirmed observe document of profitable tasks comparable to Frasers Property with FYI Heart, Sathorn Sq., Samyan Mitrtown, and The PARQ.
“As well as, many older buildings – these constructed earlier than 2000 – are additionally more and more registering for such certifications to stay aggressive. That is partly as a result of “flight to high quality” calls for from multinational firms (MNCs) and agile workforces, who now count on a piece setting that may mix a mixture of versatile and environment friendly work, a wholesome way of life, and a concentrate on well-being. These calls for will form how buildings are developed, decide what sort of facilities they arrive with, and put the trade on the street to sustainability and carbon neutrality. One Bangkok is an effective instance of latest workplace developments which have thoughtfully integrated these new options and can profit from it.” added Roongrat.
In line with Michael Glancy, Nation Head of JLL Thailand, a world skilled companies agency specializing in actual property, corporations have been on a journey to reinvent the office for a lot of years. While this has been pushed by expertise and the necessity for extra environment friendly, versatile, wholesome, and sustainable areas, the shift to hybrid work has turn out to be a marker of change within the office. It locations larger emphasis on how corporations can help staff’ well-being and improve collaboration, a way of belonging and productiveness.
“There’s a clear flight to sustainable high quality buildings pattern rising right here in Bangkok and we count on this to proceed for the foreseeable future. There are over 4 million sq. m. of occupiers who’ve been in the identical workplace towers for over twelve years. Due to this fact, JLL anticipates leasing exercise to proceed to rise within the subsequent two years as corporations create their very own model of the way forward for work to fulfill their staff’ wants and entice them again to the workplace.” stated Glancy.
“One Bangkok has an array of choices to fulfill occupiers evolving wants, which makes the challenge a lovely proposition. The specification of the workplace towers is prime Grade A high quality and is supported by limitless facilities and way of life companies, connection to nature, inspiring artwork and tradition, and seamless transit choices – the epicentre of city life.” he added.
One Bangkok, situated on the nook of Wi-fi and Rama four roads with direct linkages to town’s burgeoning mass transit methods, contains workplaces of the long run, a brand new retail loop, superlative residences, inns with the best five-star hospitality, a world-class reside leisure enviornment, the presence of artwork and tradition, and huge, welcoming public realm that covers 50 rai of the 104-rai district. As a well-equipped sensible metropolis with sustainable infrastructure, One Bangkok goals to be the primary challenge to be awarded LEED for Neighborhood Improvement Platinum certification in Thailand and WELL Constructing Normal to help human well being and wellness.
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About One Bangkok
One Bangkok would be the largest built-in improvement in central enterprise district and most complete actual property challenge in Thailand, with an funding worth of over THB120 billion, on the whole land space of 104 rai, or 166,400 sq. meters. When absolutely accomplished, the challenge will embrace 5 premium Grade A workplace towers, four distinct retail precincts, 5 luxurious and way of life inns and three luxurious residential towers working beneath the core values of people-centric, sustainability and sensible metropolis residing.
About Frasers Property Restricted
About Frasers Property Restricted Frasers Property Restricted (“Frasers Property” and along with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multinational investor-developer-manager of actual property services and products throughout the property worth chain. Listed on the Essential Board of the Singapore Trade Securities Buying and selling Restricted (“SGX-ST”) and headquartered in Singapore, the Group has complete property of roughly S$40.2 billion as at 30 September 2022.
Frasers Property’s multinational companies function throughout 5 asset lessons, particularly, residential, retail, industrial & enterprise parks, industrial & logistics in addition to hospitality. The Group has companies in Southeast Asia, Australia, Europe and China, and its well-established hospitality enterprise owns and/or operates serviced flats and inns in over 20 international locations and greater than 70 cities throughout Asia, Australia, Europe, the Center East and Africa.
Frasers Property can also be the sponsor of two actual property funding trusts (“REITs”) and one stapled belief listed on the SGX-ST. Frasers Centrepoint Belief and Frasers Logistics & Industrial Belief are centered on retail, and industrial & industrial properties, respectively. Frasers Hospitality Belief (comprising Frasers Hospitality Actual Property Funding Belief and Frasers Hospitality Enterprise Belief) is a stapled belief centered on hospitality properties. As well as, the Group has two REITs listed on the Inventory Trade of Thailand. Frasers Property (Thailand) Public Firm Restricted is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is concentrated on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Actual Property Funding Belief, which is concentrated on industrial properties.
The Group is dedicated to inspiring experiences and creating locations for good for its stakeholders. By appearing progressively, producing and consuming responsibly, and specializing in its folks, Frasers Property aspires to lift sustainability beliefs throughout its worth chain, and construct a extra resilient enterprise. It’s dedicated to be a net-zero carbon company by 2050. Constructing on its heritage in addition to leveraging its data and capabilities, the Group goals to create lasting shared worth for its folks, the companies and communities it serves. Frasers Property believes within the range of its folks and is invested in selling a progressive, collaborative and respectful tradition.
For extra info on Frasers Property, please go to frasersproperty.com or observe us on LinkedIn.
About TCC Belongings (Thailand) Firm Restricted
TCC Belongings (Thailand) Firm Restricted (TCC Belongings), established in 2013, is a totally built-in property improvement firm, with a registered capital of ten billion baht. It’s a part of the TCC Group, some of the well-known corporations in Thailand. TCC Belongings’ funding mannequin focuses on creating added worth to property by means of product and repair improvement. TCC Belongings, subsidiary firm, and affiliated firm concentrate on the event of residential actual property tasks, workplace constructing and retail area, together with lodge enterprise and companies associated to IT.
For extra info on TCC Belongings, please go to www.tccassets.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 firm headquartered in Dallas, is the world’s largest industrial actual property companies and funding agency (primarily based on 2021 income). The corporate has greater than 105,000 staff (excluding Turner & Townsend staff) serving purchasers in additional than 100 international locations. CBRE established an workplace in Bangkok in 1988, adopted by its Phuket workplace in 2004. CBRE serves a various vary of purchasers with an built-in suite of companies, together with property gross sales and leasing; funding administration; appraisal and valuation; strategic analysis and consulting property administration; amenities, transaction and challenge administration. Please go to our web site at www.cbre.co.th.
About JLL
JLL (NYSE: JLL) is a number one skilled companies agency that focuses on actual property and funding administration. JLL shapes the way forward for actual property for a greater world by utilizing probably the most superior expertise to create rewarding alternatives, wonderful areas and sustainable actual property options for our purchasers, our folks and our communities. JLL is a Fortune 500 firm with annual income of $19.four billion, operations in over 80 international locations and a world workforce of greater than 102,000 as of September 30, 2022. JLL is the model title, and a registered trademark, of Jones Lang LaSalle Integrated. For additional info, go to www.jll.co.th.
SOURCE One Bangkok
