The PARQ Holds Topping Off Ceremony Celebrating Early Completion of Its Construction

Fri, 19 Jul 2019 In Press Release

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Bangkok, 21 June 2019 – The PARQ, the new mixed-use office and retail development redefining quality of life and work, located at the corner of Rama IV and Ratchadaphisek Roads, held a topping off ceremony to celebrate its structural completion. The PARQ is developed by TCC Assets Co., Ltd. with Frasers Property Holdings (Thailand) Co., Ltd. as the project’s development manager and Thai Obayashi Corporation Limited as construction contractor.

Under the concept “Life Well Balanced”, The PARQ aims to create a new workplace and lifestyle environment that promotes wellbeing for all occupants to achieve a healthier, more productive life. Phase 1 of the THB 20 billion mixed-use development comprises The PARQ Workplace, Grade A commercial office space with the largest floorplates in Bangkok, alongside The PARQ Life, a convenient retail destination focused on the concept of shop well, eat well.

The PARQ is the first commercial building in Thailand aiming for both LEED and WELL Gold certifications. Sustainable buildings such as The PARQ can help attract global standard businesses, driving Bangkok forward as ASEAN’s major business hub. To ensure that the property maintains guaranteed international standards and operational practices that are compliant with LEED and WELL certification requirements, The PARQ has also appointed JLL as its property manager.

“The topping off is a significant milestone for this development. The PARQ reflects our desire to create the workplace environment of the future, setting new standards for quality of life for the people who work here, ensuring a more effective and enjoyable way to work, to live, to spend time before and after work, as well as to create buildings and communities that preserve precious resources for the future. It was important for us to aim to pioneer this for Thailand, to present the best manifestation of work-life spaces.” said Ms. Su Lin Soon, CEO - Development, The PARQ.

The PARQ is expected to open in Q1 2020.

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* 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.

** 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

About The PARQ

The PARQ, a THB 20 billion mixed-use office and retail development on Rama IV, is the first development in Thailand aiming for LEED Gold and WELL Gold certifications. Comprised of The PARQ Workplace; Grade A commercial office offering Bangkok’s largest lettable office spaces at 5,000 square meters - column-free, and The PARQ Life, curated retail space where visitors will enjoy world-class healthy dining options, socially and environmentally responsible retail stores plus on-site wellness services. The development unites innovative architecture, sustainable design and integrated smart services under the ‘Life Well Balanced’ concept to create mixed-use spaces that enhance people’s quality of life and redefine what it means to work well, live well in Bangkok.

The PARQ is being developed by TCC Assets with Frasers Property Holdings (Thailand) Co., Ltd. as the project’s development manager.

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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. Together with its subsidiaries and affiliated companies, TCC Assets maintains a portfolio of residential, commercial, and retail properties, along with hospitality and technology-related services. For more information on TCC Assets, please visit 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 total assets of S$30 billion (THB 717 billion) as of 31 March 2018.

Frasers Property's assets range from residential, retail, commercial and business parks, to logistics and industrial in Singapore, Australia, Europe, China and Southeast Asia. Its hospitality business owns and / or operates serviced apartments and hotels in over 80 cities across Asia, Australia, Europe, the Middle East and Africa. The Company is committed to deliver enriching and memorable experiences for customers and stakeholders, leveraging knowledge and capabilities from across markets and property sectors, to deliver value in its multiple asset classes. Frasers Property is also the sponsor of three real estate investment trusts and one stapled trust listed on the SGX-ST. For more information on Frasers Property, please visit frasersproperty.com.

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