TCC, FCL to develop a $3.5bn district in Thailand

WCN Editorial Team 5 Apr 2017 ASIA BUILDINGS

TCC Assets (Thailand) and Frasers Centrepoint Limited (FCL) have joined forces to build an integrated district in Bangkok [pictured], Thailand.

Expected to cost about $3.5bn, One Bangkok will be developed on a 16.7ha plot leased from the Crown Property Bureau.

The project will cover a gross floor area of 1.83M sq m, and will feature five office buildings adhering to LEED and WELL specifications, five luxury and lifestyle hotels, three ultra-luxury residential towers, retail space, civic areas, and art and culture facilities. Eight hectares of the development will be dedicated to greenery and open spaces.

Charoen Sirivadhanabhakdi, chairman of TCC Group and FCL, said: “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.

“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.”

All components of the development are expected to be complete in 2025. More than 60,000 people are expected to work and live at One Bangkok.

* For more information on the Thailand construction market, visit the Construction Intelligence Center Report Store.

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