{"id":1004171541,"date":"2017-04-05T02:41:09","date_gmt":"2017-04-05T10:41:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004171541"},"modified":"2020-04-29T03:23:06","modified_gmt":"2020-04-29T11:23:06","slug":"tcc-group-unveils-3-5b-mega-project-in-thailand","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tcc-group-unveils-3-5b-mega-project-in-thailand\/","title":{"rendered":"TCC Group Unveils $3.5B Mega-Project in Thailand"},"content":{"rendered":"

By Gail Kalinoski<\/em><\/p>\n

A Thai billionaire is planning a $3.5 billion, 41-acre mixed-use development in Bangkok that he says will become a global landmark and \u201cenhance Bangkok\u2019s stature as a key gateway city in Asia.\u201d<\/p>\n

\"One<\/a>

One Bangkok<\/p><\/div>\n

One Bangkok, a 19.7 million-square-foot project, is being developed by TCC Assets (Thailand) Co. Ltd., and Frasers Centrepoint Ltd., and will be a \u201ccity-within-a-city district.\u201d Charoen Sirivadhanabhakdi, chairman of both companies, is the richest man in Thailand, according to Bloomberg.<\/a> The project will be a joint venture of the two companies with TCC Assets holding 80.1 percent and Frasers Property Holdings (Thailand) Co. Ltd., owning the remaining 19.9 percent. Frasers Property is the international property brand of FCL, a multinational real estate company with more than $17.6 billion in assets.<\/p>\n

The upcoming mega-development will comprise five office towers built to LEED and WELL standards, five luxury and lifestyle hotels, three ultra-luxury residential towers, retail and a variety of civic, art and cultural facilities, when all its components are completed in 2025. Nearly 20 acres will be green and open spaces. The first part of the project\u2014the largest private sector property development in Thailand history\u2014is expected to be ready by 2021.<\/p>\n

\u201cOur 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\u2019s and Thailand\u2019s stature on the world stage,\u201d Sirivadhanabhakdi said in a prepared statement.<\/p>\n

The land is leased from the Crown Property Bureau, the quasi-government agency responsible for managing the country\u2019s royal holdings, and is located next to Bangkok\u2019s largest central park, Lumphini Park, with direct links to the city\u2019s mass transit system and expressways.<\/p>\n

The master plan is being designed by Skidmore, Owings & Merrill with local Thai firms Plan Associates and A49 assisting.<\/p>\n

Su Lin Soon, CEO of One Bangkok, said it will be the first district in Thailand to be built entirely around sustainability practices and to LEED for Neighborhood Development Platinum standards.<\/p>\n

\u201cNo single development of this scale and diversity has ever been undertaken in Thailand. One Bangkok will be a vibrant lifestyle destination that will affirm Bangkok\u2019s position among the most desirable cities in the world to do business, and to visit<\/em>,\u201d Panote Sirivadhanabhakdi, Group CEO of FCL, said in prepared remarks. \u201cIt will attract top-level local and multinational companies to set up AEC headquarters in the district as Bangkok\u2019s most prestigious corporate address, and their employees and visitors will enjoy an unrivaled ecosystem of facilities and lifestyle available here<\/em>.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The upcoming One Bangkok city district will include five office towers built to LEED and WELL standards, five hotels, three luxury residential high-rises, retail and a variety of civic, art and cultural facilities.<\/p>\n","protected":false},"author":1068,"featured_media":1004171557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,16,21752,21742],"tags":[32779,34397,34396],"class_list":["post-1004171541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-international","category-mixed-use","category-latest","tag-leed","tag-owings-and-merrill-llc","tag-skidmore"],"acf":[],"yoast_head":"\nTCC Group Unveils $3.5B Mega-Project in Thailand - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tcc-group-unveils-3-5b-mega-project-in-thailand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TCC Group Unveils $3.5B Mega-Project in Thailand\" \/>\n<meta property=\"og:description\" content=\"The upcoming One Bangkok city district will include five office towers built to LEED and WELL standards, five hotels, three luxury residential high-rises, retail and a variety of civic, art and cultural facilities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tcc-group-unveils-3-5b-mega-project-in-thailand\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-05T10:41:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-29T11:23:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/One-Bangkok.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tcc-group-unveils-3-5b-mega-project-in-thailand\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tcc-group-unveils-3-5b-mega-project-in-thailand\\\/\"},\"author\":{\"name\":\"Gail Kalinoski\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"headline\":\"TCC Group Unveils $3.5B Mega-Project in Thailand\",\"datePublished\":\"2017-04-05T10:41:09+00:00\",\"dateModified\":\"2020-04-29T11:23:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tcc-group-unveils-3-5b-mega-project-in-thailand\\\/\"},\"wordCount\":450,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tcc-group-unveils-3-5b-mega-project-in-thailand\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/04\\\/One-Bangkok.jpg\",\"keywords\":[\"LEED\",\"Owings and Merrill LLC\",\"Skidmore\"],\"articleSection\":[\"Development\",\"Featured\",\"International\",\"Mixed Use\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tcc-group-unveils-3-5b-mega-project-in-thailand\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tcc-group-unveils-3-5b-mega-project-in-thailand\\\/\",\"name\":\"TCC Group Unveils $3.5B Mega-Project in Thailand - 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