Work has started on One Bangkok with the 1st part of the development expected to be ready in 2022, reports local media. The complex is being developed by TCC Assets Company Limited and Frasers Property Limited and will be Thailand’s largest integrated district once fully completed in 2025.
“Our ambition is to transform the Bangkok city centre, creating a world-class district capable of attracting top-level multinational companies and a must-visit lifestyle destination for tourists and locals. This will enhance global confidence in Thailand as the epicentre of ASEAN, and a key gateway to Asia,” says Panote Sirivadhanabhakdi, Group CEO of Frasers Property, to Business News Asia.
The project has received an Environmental Impact Assessment approval allowing development to start. TCC Assets and Frasers Property are teaming up on the project which is the largest private sector property development initiative ever in Thailand. One Bangkok will cost THB120 billion to develop and the land is being leased from the Crown Property Bureau.
“As a group, we are honoured to have been entrusted by the Crown Property Bureau to turn this important plot of land into a landmark development, and we are committed to ensuring that One Bangkok will be exceptional not only for its scale but also for its significance to Bangkok and Thailand,” says Panote.
One Bangkok is situated at the corner of Wireless Road and Rama IV Road and is next to Lumphini Park Lumphini Park in Bangkok’s CBD area. There will be connections to both mass transit systems and the city’s expressway network.
The project will have 5 Grade A office towers, 5 hotels, 3 ultra-luxury condos, several retail areas, and a cultural hub and performance center. A total of 80,000 square meters has been put aside for green and open spaces with a landscaped civic plaza set to be located in the center of the project.
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