TCC Assets Appoints Stonehenge Inter Plc. as Project Manager and Construction Manager for ‘The PARQ’ Mixed-Use Development

Mon, 17 Sep 2018 In Press Release

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Bangkok (17 September 2018) – TCC Assets Company Limited recently announced the appointment of leading firm Stonehenge Inter Plc. as Project and Construction Manager for the first phase of The PARQ, a 20-billion-baht mixed-use development that aims to be the first property in Thailand to be both LEED Gold and WELL certified, delivering a healthier work environment when the development is completed in 2020.

 

The first phase of The PARQ, with an investment value of THB 8 billion, will comprise Grade A commercial office, ‘The PARQ Workplace’, and lifestyle retail ‘The PARQ Life’.  Part of the rapidly growing QSNCC node, The PARQ will cement the position of the Rama IV - Ratchadaphisek intersection as a new dynamic commercial district, as central Bangkok’s largest meetings, incentives, conferences and exhibitions (MICE) hub.

 

Ms. Su Lin Soon, CEO - Development, The PARQ, said, “We are pleased to have appointed Stonehenge Inter Plc. as Project and Construction Manager for the first phase of  The PARQ. Bringing a wide range of experience and expertise to this Grade A office project, we chose Stonehenge Inter to ensure that our construction and site management matches the high standards of the world-class team of designers and contractors for this development.”

 

Stonehenge Inter have built a strong reputation over the last 14 years, as consultants for numerous leading office, residential, retail and hospitality developments throughout Thailand.

 

“Featuring 16 floors and 2 basement levels, The PARQ will deliver the largest floorplates of any office in Bangkok, with a unique range of facilities and green space,” Mr.Somkiat Silawatanawong, CEO – Stonehenge Inter Co., Ltd., said, “we are delighted to be part of The PARQ team, and look forward to contributing our project management expertise for this innovative mixed-use property.”

 

The PARQ is being developed by TCC Assets with Frasers Property Holdings (Thailand) Co., Ltd. as the project’s development manager. Frasers Property is a leading multi-national real estate company with a strong track record for developing large scale projects that are inclusive and successfully contribute to the cities in which they are built.

 

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Notes to Editor:

* WELL: WELL Building Standard is the premier standard for buildings, interior spaces and communities seeking to implement, validate and measure features that support and advance human health and wellness, devised by buildings from the International WELL Building Institute based in Washington D.C.

* LEED: Leadership in Energy and Environmental Design (LEED) is a rating system devised by the United States Green Building Council (USGBC) to evaluate the environmental performance of a building and encourage market transformation towards sustainable design.

 

TCC Assets (Thailand) Company Limited (“TCC Assets”) is an investment holding and fully integrated real estate company with a registered capital of THB 10 billion. Incorporated in 2013, it is part of the TCC Group, one of Thailand’s most prominent conglomerates.

 

TCC Assets’ investment themes focus on enhancing asset value through insightful development of products and services. Together with its subsidiaries and affiliated companies, TCC Assets maintains a portfolio of residential, commercial, and retails properties, along with hospitality and technology-related services.

For more information on TCC Assets, please visit www.tccassets.com

 

Frasers Property Limited ("Frasers Property" or the “Company”), is a multi-national company that owns, develops and manages a diverse, integrated portfolio of properties. Listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") and headquartered in Singapore, the Company is organised around five asset classes with assets totalling S$32 billion (approx. THB 765 billion) as at 30 June 2018.

 

Frasers Property's assets range from residential, retail, commercial and business parks, to industrial and logistics in Singapore, Australia, Europe, China and Southeast Asia.

 

For more information on Frasers Property, please visit frasersproperty.com.

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