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Bangkok Industry – Two to develop Rama IV site

By on Sep 07, 2014 in Office, Property News, Retail

THE Crown Property Bureau (CPB) has awarded Univentures and TCC Assets (Thailand) Co, the property arm of beverage tycoon Charoen Sirivadhanabhakdi, the right to develop a multibillion-baht mixed-use complex on 90 rai (14.4 hectares) on Rama IV Road in Bangkok.  The Pre-Cadet School was once located on the land, which is at the intersection of Rama IV and Wireless roads.  The project has been described as the catalyst for changing the landscape in that part of the city.

Envisaged to serve as a new strategic landmark for Bangkok, the project will consist of a cultural venue, hotels, residences, commercial offices, a low-rise retail and entertainment complex, and education or medical-care facilities. Those projects will cover 62 rai.  The remainder of the land will feature open space, including green space and open-air public-event areas.

In 2005, Central Group won the right to develop a mix-used project worth more than Bt20 billion on the land but it never went ahead and the deal was cancelled in 2012.

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