Blog
One Bangkok Announces Strategic Leasing Partnership with CBRE and JLL
To bring to market ‘The Ultimate Workplace Ecosystem’
December 13, 2022
One Bangkok, the largest holistically integrated district in the heart of Bangkok being developed by Frasers Property and TCC Assets, announced a strategic partnership with CBRE and JLL introduce the market to the first two office towers at the heart of Bangkok CBD. Offering a combined 200,000 sq. m. of lettable premium Grade A office space, Tower 4 and Tower 5 at One Bangkok will deliver a new approach to do business and set bold new standards for workplaces in Thailand.
“We’re confident in bringing these two office towers to the market now. Our most recent office development, The PARQ, is approaching 95% occupancy, having launched at the outset of the pandemic – and with a very strong tenant profile. This demonstrates that demand for the best office product remains very robust and One Bangkok is primed to meet the demand for premium quality office space.” added Lim Hua Tiong.
Based on CBRE’s experience of over 30 years in Bangkok’s office market, we have found that the market has grown to put more importance on community, environment, and human wellness. From 2022 - 2025, Bangkok will see 1.17 million sq. m. of new office supply and many of these new projects will be registering for building certifications such as LEED and WELL. Buildings demonstrating that they can meet environmental and health standards will receive good responses from office occupiers, particularly those developed and managed by highly experienced teams with a proven track record of successful projects such as Frasers Property with FYI Center, Sathorn Square, Samyan Mitrtown, and The PARQ.
“In addition, many older buildings – those built before 2000 – are also increasingly registering for such certifications to remain competitive. This is partly due to the “flight to quality” demands from multinational corporations (MNCs) and agile workforces, who now expect a work environment that can combine a mix of flexible and efficient work, a healthy lifestyle, and a focus on well-being. These demands will shape how buildings are developed, determine what kind of amenities they come with, and put the industry on the road to sustainability and carbon neutrality. One Bangkok is a good example of new office developments that have thoughtfully incorporated these new features and will benefit from it.” added Roongrat.
According to Michael Glancy, Country Head of JLL Thailand, a global professional services firm specializing in real estate, companies have been on a journey to reinvent the workplace for a number of years. Whilst this has been driven by technology and the need for more efficient, flexible, healthy, and sustainable spaces, the shift to hybrid work has become a marker of change in the workplace. It places greater emphasis on how companies can support employees’ well-being and increase collaboration, a sense of belonging and productivity.
“There is a clear flight to sustainable quality buildings trend growing here in Bangkok and we expect this to continue for the foreseeable future. There are over four million sq. m. of occupiers who have been in the same office towers for over twelve years. Therefore, JLL anticipates leasing activity to continue to rise in the next two years as companies create their own version of the future of work to meet their employees’ needs and attract them back to the office.” said Glancy.
“One Bangkok has an array of offerings to meet occupiers evolving needs, which makes the project an attractive proposition. The specification of the office towers is top Grade A quality and is supported by limitless amenities and lifestyle services, connection to nature, inspiring art and culture, and seamless transit options – the epicentre of urban life.” he added.
For more information on office leasing, please contact CBRE.
“We’re confident in bringing these two office towers to the market now. Our most recent office development, The PARQ, is approaching 95% occupancy, having launched at the outset of the pandemic – and with a very strong tenant profile. This demonstrates that demand for the best office product remains very robust and One Bangkok is primed to meet the demand for premium quality office space.” added Lim Hua Tiong.
Based on CBRE’s experience of over 30 years in Bangkok’s office market, we have found that the market has grown to put more importance on community, environment, and human wellness. From 2022 - 2025, Bangkok will see 1.17 million sq. m. of new office supply and many of these new projects will be registering for building certifications such as LEED and WELL. Buildings demonstrating that they can meet environmental and health standards will receive good responses from office occupiers, particularly those developed and managed by highly experienced teams with a proven track record of successful projects such as Frasers Property with FYI Center, Sathorn Square, Samyan Mitrtown, and The PARQ.
“In addition, many older buildings – those built before 2000 – are also increasingly registering for such certifications to remain competitive. This is partly due to the “flight to quality” demands from multinational corporations (MNCs) and agile workforces, who now expect a work environment that can combine a mix of flexible and efficient work, a healthy lifestyle, and a focus on well-being. These demands will shape how buildings are developed, determine what kind of amenities they come with, and put the industry on the road to sustainability and carbon neutrality. One Bangkok is a good example of new office developments that have thoughtfully incorporated these new features and will benefit from it.” added Roongrat.
According to Michael Glancy, Country Head of JLL Thailand, a global professional services firm specializing in real estate, companies have been on a journey to reinvent the workplace for a number of years. Whilst this has been driven by technology and the need for more efficient, flexible, healthy, and sustainable spaces, the shift to hybrid work has become a marker of change in the workplace. It places greater emphasis on how companies can support employees’ well-being and increase collaboration, a sense of belonging and productivity.
“There is a clear flight to sustainable quality buildings trend growing here in Bangkok and we expect this to continue for the foreseeable future. There are over four million sq. m. of occupiers who have been in the same office towers for over twelve years. Therefore, JLL anticipates leasing activity to continue to rise in the next two years as companies create their own version of the future of work to meet their employees’ needs and attract them back to the office.” said Glancy.
“One Bangkok has an array of offerings to meet occupiers evolving needs, which makes the project an attractive proposition. The specification of the office towers is top Grade A quality and is supported by limitless amenities and lifestyle services, connection to nature, inspiring art and culture, and seamless transit options – the epicentre of urban life.” he added.
For more information on office leasing, please contact CBRE.