One Bangkok to be ‘city within a city’

Described as “a city within a city”, Thailand’s largest integrated development, One Bangkok, is being launched as a joint project by TCC Assets (Thailand) and Frasers Centrepoint (FCL).

Incorporating green-sustainability principles, the development covers 104 rai (16.7 ha), and will increase green and open areas in the city centre by 50 rai when it opens in 2021.

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One Bangkok will be the largest private-sector property development initiative undertaken in Thailand, with an estimated investment value of more than THB120 billion (about US$3.5 billion).

“The fundamental aim in the planning and design of One Bangkok is to enhance Bangkok’s stature as a key gateway city in Asia,” says TCC Group and FCL chairman Charoen Sirivadhanabhakdi.

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A fully integrated “city-within-a-city” district, One Bangkok will comprise retail and leisure offerings within differentiated precincts, next-generation office buildings, luxury and lifestyle hotels, ultra-luxury residential towers, civic areas, and art and culture amenities as well as greenery and open spaces.

Leased from the Crown, the land is in a prime location at the corner of Wireless and Rama IV Roads, next to Lumphini Park and with direct linkages to mass transit systems.

“We are very honoured to be entrusted by the Crown Property Bureau to turn this important plot of land in the heart of the city into a showpiece district,” says Sirivadhanabhakdi.

“With One Bangkok, I hope to enhance global confidence in Thailand as the epicenter of Asean and a key gateway and lifestyle city in Asia.”

One Bangkok - Opening Ceremony

Shared vision

For the “game-changing” endeavour, he says he has placed his confidence in two TCC Group companies – TCC Assets (Thailand) and Frasers Property. “They are companies that perfectly complement each other and can, together, fulfill our shared vision of a quality development.”

For the JV, TCC Assets hold an 80.1 per cent interest, with Frasers Property Holdings (Thailand) holding the balance of 19.9 per cent. Frasers Property is the international property brand of FCL, a multi-national real-estate company with more than US$17.6 billion in assets.

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“By forming such a strategic alliance, we are able to combine the financial strength and local know-how of TCC Assets, with the enormous international property development expertise of Frasers Property, which has an impeccable global track record of award-winning development projects,” says Sirivadhanabhakdi.

“The partnership will ensure that we have the creativity, capability and capital to bring to life one of our most exciting development initiatives,” says FCL Group CEO Panote Sirivadhanabhakdi. “No single development of this scale and diversity has ever been undertaken in Thailand.”

He says One Bangkok will attract top-level local and multinational companies to set up headquarters in the district. “It is Bangkok’s first fully integrated ‘people-centric’ development, designed around how people can seamlessly live, work and play, seeking to reinstate a sense of human scale in a way that enhances comfort and convenience.”

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He says One Bangkok’s development philosophy is centred on diversity of uses and architecture, overlaid with sustainability principles and sensitive to the local social and cultural context, incorporating Thailand’s heritage and aspects unique to Bangkok.

One Bangkok’s CEO Su Lin Soon is supported by a development team of more than 100 specialists.

“In creating a world-class district in the heart of Bangkok, we envision One Bangkok to be synonymous with Thailand,” she says. “New quality standards, international best practices and diversity in the mix of uses and architecture are fundamental features of the master plan, designed by Skidmore, Owings & Merrill, supported by local expertise from Plan Associates and A49.”

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