A US$3.2 billion ($4.22 billion) mixed-used project co-developed by Frasers Property TQ5 Holdings (Thailand) and TCC Assets (Thailand) called One Bangkok has launched today, after it was first announced in 2018.
The project is one of Thailand’s largest private sector development projects, connecting the business districts of Sathorn and Silom with Rama IV Road. The development comprises luxury and lifestyle hotels, residential towers, offices, and retail malls.
In its retail mall, One Bangkok Retail has three interconnected retail destinations that spans a total net lettable area of 160,000 square meters. It has the capacity to house 900 stores.
“As one of Thailand’s largest private sector development projects, we have brought together the collective expertise and experience from Frasers Property's signature real estate projects across our multinational portfolio into a smart, sustainable and fully-integrated district in the heart of Bangkok. We celebrate the realisation of this vision and look forward to One Bangkok taking its place in the hearts of Bangkokians, tourists and visitors alike as a world-class destination for all to enjoy,” said Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property Limited, the development manager of One Bangkok.
Shares in Frasers Property closed 0.5 cents lower or 0.568% down at 87.5 cents on Oct 25.
