AIA is confident that its fully developed real estate project, AIA Capital Center, will enjoy a great success due to its location in what is set to become the new business and financial centre of Bangkok.
Announcing the completion of the THB6 billion project Anucha Laokwansatit, AIA Thailand’s General Manager and Chief Investment Executive, said: “The project has been well received since its launch, with a number of companies expressing their interest in leasing retail and office spaces. The structural completions of the entire project, as well as surrounding greens, give it readiness for tenants to move in. Some companies have begun decorating their interiors while others have already moved in.”
The development of the project, the first A-Grade commercial and retail development on Ratchadapisek Road, was due to AIA Group’s enormous confidence in Thailand’s bright growth prospects and future, coupled with its determination to expand its interests beyond the core life insurance business.
The 34-storey tower provides a total of 54,000 sqm of office space and almost 5,000 sqm of retail space. The entire complex exceeds 100,000 sqm of useable space and will be home to banks, restaurants, cafes, a fitness centre and convenience stores.
Pokpong Yingdeepol, Director for Real Estate of AIA Thailand, added: “AIA Capital Center is the first grade A eco-tower on Ratchadapisek Road which possesses all the qualities of a green building. The complex received a Gold Rating from LEED (The Leadership in Energy and Environmental Design) due to its emphasis on three factors: energy conservation, environment preservation, and the deployment of the latest technological innovations throughout the structure.”
CBRE Thailand is the authorised agent for leasing office and retail space at AIA Center.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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If you have a news story or comment for publication about Thailand property or real estate email andrew@propertyguru.com.sg