TCC Assets (Thailand) and Frasers Centrepoint Limited (FCL) are to jointly develop ‘ One Bangkok’ , Thailand’ s first and largest fully integrated district built on people-centric principles and a focus on environmental sustainability and smart-city living. The development will have eight hectares of green and open areas in the city centre.
More particularly, the development will span an area of 16.7 hectares, with eight hectares allocated to green and open space. It is the largest private sector property development initiative ever undertaken in Thailand with an estimated investment value of approximately US$3.5 billion. Its first component parts will open in 2021.
“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,’ said Charoen Sirivadhanabhakdi, chairman, TCC Group. “Once completed, it will be a global landmark that will enhance Bangkok’ s and Thailand’ s stature on the world stage.’ He added: “The fundamental aim in the planning and design of One Bangkok is to enhance Bangkok’ s stature as a key gateway city in Asia.”
One Bangkok will be designed a fully integrated “city-within-a-city” district. When all components are completed in 2025, it will have a gross floor area of 1.83 million square metres. It will comprise: five Grade A office towers built to LEED and WELL standards; five luxury and lifestyle hotels; three ultra-luxury residential towers; a comprehensive array of retail offerings within differentiated retail precincts; and a rich variety of civic areas, and art and culture facilities.
The land is leased from the Crown Property Bureau and enjoys a prime location right next to Bangkok’ s largest central park — Lumphini Park — with direct linkages to the city’ s mass transit systems, as well as easy access to the expressway network.
Panote Sirivadhanabhakdi, group CEO of FCL said: “No 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’ s position among the most desirable cities in the world to live, do business, and to visit.
“It will attract top-level local and multinational companies to set up their AEC headquarters in the district as Bangkok’ s most prestigious corporate address, and their employees and visitors will enjoy an unrivalled ecosystem of facilities and lifestyle experiences available here.”
He added that One Bangkok‘ s design will be sensitive to its social and cultural context, incorporating Thailand’ s heritage, and make the district an integral part of the city.