TCC, Frasers JV announces plans for £3bn integrated district in Thailand
August 02, 2019 – A joint venture between TCC Assets and Frasers Property has unveiled plans for a $3.8bn (£3.1bn) One Bangkok, a fully-integrated mixed-use district in Bangkok, Thailand.
The new mixed-use scheme will seamlessly connect offices, retail, hotels, residences, cultural and social spaces, around a central 10,000m² Civic Plaza.
One Bangkok Development CEO Su Lin Soon said: “When One Bangkok is completed, the district will have a gross floor area of 1.83 million sqm.
“It will comprise of five Grade A office towers, four differentiated retail precincts, five luxury and lifestyle hotels, and three luxury residential towers, offering a comprehensive array of activities and providing more than 60,000 people a place to work, shop, play, and create. More than 200,000 visitors are expected daily at One Bangkok.”
Spread across 16.7ha, the scheme will house 500 local and multinational organisations and employ over 50,000 people.
Almost half of the One Bangkok’s land area is planned to be allocated to green and open spaces.
The One Bangkok development will be directly connected to the MRT Blue Line. The scheme will feature six access points by road, including a new direct connection to the expressway.
Additionally, the development will feature five new-to-market hotels as well as The Ritz-Carlton Hotel, which is scheduled to be opened in 2023. It will also house residences comprising 110 ultra-luxury apartments scheduled for launch in early 2020.
Frasers Property group CEO Panote Sirivadhanabhakdi said: “One Bangkok will reshape and redefine Bangkok’s urban landscape in a positive and lasting way as the largest private sector property development initiative undertaken in Thailand.
“We believe One Bangkok is an offering worthy of what Thailand’s capital can deliver on the world stage, and our goal is to see the country become the very epicenter of ASEAN.”
The project is said to be the first in Thailand to target LEED Neighborhood Development Platinum certification with its office towers also targeting LEED and WELL certification.