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Energy Complex Appoints CBRE as Property Manager

Bangkok – 5 November 2009 Energy Complex Co. Ltd. has recently appointed CB Richard Ellis (CBRE) Thailand as the property manager of the Energy Complex, a new landmark in the energy industry in Thailand and offering the latest in energy-saving and green building technology.

The Energy Complex is located on Vibhavadi-Rangsit Road and consists of two grade A office buildings of 36 and 25 storeys, one service building, and two parking garages. The total space of approximately 300,000 square metres within this project will be occupied by the PTT group of companies including PTT Exploration & Production Plc., PTT Chemical Plc., Thai Oil Plc., and other companies related to the energy industry. An office of the Ministry of Energy will also be situated here. This project is scheduled for completion in Q4 2009.

Apart from its unique building architecture, the Energy Complex has been well designed to meet the standards of the LEED (Leadership in Energy and Environmental Design) green building rating system for new constructions in order to save energy and be environmentally friendly. The aerodynamic shape of its facade will help reduce the temperature and heat on the building’s surface. The buildings have also been designed to withstand earthquakes measuring 7.2 on the Richter scale that are 200 kilometres away on the fault line in Kanchanaburi. High-tech building management systems have also been installed.

Furthermore, retail space and facilities including a fitness centre, business centre, seminar rooms and an auditorium for 30-500 people, an exhibition room, restaurants, a 1,000-seat food court, banks, a roof garden, an outdoor exercise area, and parking for around 3,700 vehicles, have been provided for workers and visitors.

Ms. Aliwassa Pathnadabutr, Managing Director of CBRE Thailand, said, “We are pleased that Energy Complex Co. Ltd. has appointed CBRE as the property manager of this major project which has a competitive edge in terms of technology, energy savings, and environmentally friendliness. This is a further step in the expansion of CBRE’s property management services in managing buildings with LEED standards which are well recognized as the global standard for green buildings. This appointment will help reinforce CBRE’s position as the leader in property management in Thailand.”

“We have set up teams of specialists for specific scopes of work based at the Energy Complex, including an environmental engineer as one of almost 50 engineers and safety professionals who have gained a Bachelor’s degree or a Certificate in Occupational Health and Safety for High-rise Buildings, in order to ensure our client’s optimum level of satisfaction and confidence,” added Ms. Chanpen Tawoncharoenpon, Director of Asset Services at CBRE Thailand.

CBRE Thailand currently manages offices, retail, condominiums, apartments, and villas in Bangkok, Phuket and Samui. For the sixth year in a row, National Real Estate Investor, the leading magazine for professional real estate investors, has ranked CBRE No. 1 out of the world’s top 25 property managers. The ranking is based on the total amount of space under management globally each year. As of 31 December 2008, CBRE was responsible for the management of 220 million square metres.

Presentation of Management Agreement

Presentation of Management Agreement

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About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company for three years in a row.

CB Richard Ellis established an office in Bangkok in 1988, followed by Phuket office in 2004, and Samui office in 2007. CB Richard Ellis (Thailand) Co., Ltd. has grown to be a leading real estate services provider, offering strategic advice and execution for sales and leasing for all types of property, property and facilities management, valuation and advisory, and research and consulting. For more information, visit the company’s website at www.cbre.co.th.

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