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Bangkok Property – Bitec Owner Plans MICE Centre

By on Jul 12, 2014 in Industrial, Property News

Bhiraj Buri Group, owner of Bangkok International Trade and Exhibition Centre (Bitec) in Bang Na, is embarking on a Bt6-billion expansion in the capital aimed at raising its profile among international venues. The new development of a convention centre and office tower in eastern Bangkok will become a top destination for MICE (meetings, incentives, conventions and exhibitions) businesses in the region, chief executive officer Prasarn Buri said yesterday.

The group has gained expertise in developing rental office buildings in Bangkok for more than 30 years, including UBC Tower and Bhiraj Tower at EmQuartier – the mixed-use development scheduled to be completed late this year.

Once the convention and tower project is completed, Bitec will be able to compete with many other modern mixed-use towers in Japan, Hong Kong and Singapore. Office rental rates in Bangkok average Bt900 per square metre per month, which remains lower than Singapore’s Bt3,000 and Jakarta’s Bt2,100.

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