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City Centre to launch two wholesale fashion spots

By on Sep 25, 2012 in Property News

City Centre Group, the owner and operator of City Centre Pratunam, is set to open two wholesale fashion complexes worth a combined 1.7 billion baht, a move to cash in on the expected rush of foreign traders with the advent of the asean economic community in 2015.

City Rich on Phetchaburi Soi 21 will have 1,000 square metres of wholesale space in 140 units.

The first complex, called City Rich, will cost 700 million baht and open next month on Phetchaburi Soi 21 by the group’s existing City Complex.

A second mixed-use project, City Airport Link, will sit on Phaya Thai Road adjacent to the Airport Rail Link station.

City Airport Link is scheduled to open for booking space of fashion wholesalers and condominiums in the first quarter of next year.

The two projects will be run by the recently established City Rich Co.

City Rich will feature a four-storey building with 1,000 square metres of space, selling fashions and accessories in 140 units.

The 1-billion-baht City Airport Link will feature a seven-storey building with 1,200 square metres of wholesaler space and 41 condominium units.

Panu Boonsombat, the group’s managing director, said the City Rich complex will be the last puzzle piece fulfilling demand for wholesale fashion in the busy Pratunam area. The grand opening is set for Oct 24.

Some 80% of the space has already been booked, with prices set at 1.2 million baht for a 10-year contract. 

The group is also preparing to sell Thai-made fashion products available at the complexes online.

For the full article, please visit http://www.bangkokpost.com/business/economics/313887/city-centre-to-launch-two-wholesale-fashion-spots

Source : Bangkok Post 25 September 2012

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