TCC Assets Appoints Leading Contractor Thai Obayashi for Mixed-Use Urban Development The PARQ

Mon, 19 Feb 2018 In Press Release

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Ms. Su Lin Soon (3rd left), CEO - Development, The PARQ, with Mr. Sompong Chintawongvanich (4th left), President of Thai Obayashi Corp. Ltd. at the contract signing ceremony for the appointment of Thai Obayashi as contractor for the construction of The PARQ, a mixed-use urban development located on Rama IV - Ratchadaphisek intersection. Mr. Panot Sirivadhanabhakdi (2nd left), Director of TCC Assets Co., Ltd. and executives of both companies also joined the ceremony.

The photograph shows from left to right - Mr. Urasate Navanugraha, Director – Asset Development, The PARQ; Mr. Panot Sirivadhanabhakdi, Director of TCC Assets Co., Ltd.; Ms. Su Lin Soon, CEO – Development, The PARQ; Mr. Sompong Chintawongvanich, President; Mr. Shuji Hosoe, Executive Vice President and Mr. Pornchai Sitthiyakorn, Executive Vice President, Thai Obayashi Corp. Ltd.

Bangkok (19 February 2018) – TCC Assets Company Limited announced the appointment of Thai Obayashi Corporation Limited as construction contractor 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. Adjacent to Queen Sirikit National Convention Centre (QSNCC), The PARQ will cement the area as a dynamic business district, and central Bangkok’s largest city-centre meetings, incentives, conferences and exhibitions (MICE) hub.

Ms. Su Lin Soon, CEO - Development, The PARQ, said, “With more than four decades of in-market experience, Thai Obayashi has an excellent track record including Park Ventures Ecoplex and FYI Center. We have appointed Thai Obayashi as construction contractor for the first phase of The PARQ to ensure a well-executed project, providing successful delivery of exceptional quality construction that our project vision requires.”

The PARQ’s first phase of development totals 71,000 square metres of net leasable area including 60,000 square metres of premium office space, offering the largest column-free floor plates in Bangkok. To complement and further enhance the urban lifestyle, 11,000 square metres are allocated to premium retail spaces, restaurants, a supermarket and a food court under the ‘Eat Well and Shop Well’ concept. A retail destination for the neighbourhood, the shops and restaurants at The PARQ will be curated to meet everyday needs for convenience and to promote a healthy lifestyle for people working or enjoying activities in and around the development. In addition, over 7,000 square metres of green and open area on property, as well as innovative eco-friendly WELL and LEED rated initiatives will give domestic and multinational companies an opportunity to create a truly healthy work environment for their employees. Conveniently located next to lively Benjakitti Park and QSNCC MRT Station, THE PARQ is a natural extension to Bangkok’s central business district.

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.