“One Origin” takes on a significant mission from its parent company “Origin Property” to plan for the long term, aiming to spearhead the business of generating recurring income for the group by investing in the development of hotels, offices, and retail spaces in various potential locations. The project includes over 3,420 hotel rooms and more than 16,000 square meters of office and retail space in Bangkok and the Eastern Economic Corridor (EEC), with a total project value exceeding 20 billion baht (estimated total asset value) by 2023. This initiative is in response to the world of Digital Disruption with the “Open Platform: Growing Together” concept, as several partners are interested in joining the investment. The company is confident that two new hotels will support the group in 2020 and is expected to generate profits of 500 million baht per year by 2025.

       Ms. Kamolwan Wipoolakorn, Chairperson of One Origin Co., Ltd., a company generating recurring income under Origin Property Public Company Limited, stated that the company sees several positive factors that will benefit the long-term commercial real estate business, such as the government's push for the Eastern Economic Corridor (EEC) policy, incentives to attract foreign investment in Thailand, and lower project development costs during the economic adjustment period. One Origin, as a company committed to being a leader in commercial real estate development, including hotels, office buildings, and retail spaces, sees this as a great investment opportunity. The company plans to develop projects to support long-term growth, accompanied by a new business concept: the “Open Platform: Growing Together” model.

        The company's long-term investment and growth plans can grow alongside partners, creating business growth, enhancing the capacity for large project development, and fostering collaboration to share know-how, creating business opportunities that advance more quickly and perfectly. This model represents a Win-Win Situation, allowing the company to collaborate with partners to develop and create unique projects with diverse products and services. Current partners include various forms such as 1. Joint Venture Partners 2. Hotel Operators 3. Tenants 4. Property Leasing and Management 5. Land Owners willing to invest in development with One Origin. This model is open to other companies, both domestic and international.

       “Currently, all businesses and industries worldwide are beginning to adapt to the era of digital disruption. We are seeing many global companies in the commercial real estate sector adjusting in various ways, such as forming partnerships with other companies or creating synergies within the same or different business types to develop projects that meet the future lifestyle needs. We will introduce the Open Platform model, which is open to synergy and aligns with the global business adaptation, combined with our vision focused on developing projects that meet the needs of business customers, a market with significant growth potential, ensuring the company can move forward confidently,” Ms. Kamolwan stated.

       

         Mr. Chanchai Phansopha, Director and Executive of One Origin Co., Ltd. stated that for the commercial space business of One Origin, which includes office buildings and retail spaces, the company will focus on developing and seeking partners, whether they are investors, business partners, large food chain groups, hypermarkets, office service and co-working space providers, small retail outlets, convenience stores, or delivery and logistics services, to meet the lifestyle and consumer needs in the era of the Lazy Economy. This not only aims to expand market coverage but also to enhance the potential for returns on investment beyond just renting space and conducting business.

       “The current commercial space market is highly competitive. The completeness of project development, whether hotels, office spaces, or retail, must be designed and developed together. Moving forward, responding to project demands will not only compete in terms of size and grandeur but also in the capability and potential of the developed space, including the shops within and the offices that meet the changing lifestyles from generation to generation. The project’s ability to address consumer and community needs while adding vibrancy is crucial in an era where consumer behavior is changing. Younger generations prefer ordering products and food online rather than shopping in malls as in the past, and older generations are increasingly adopting these new behaviors. Therefore, we will seek partners who are not just tenants but long-term partners who may sign MOUs together to create new innovations in the Open Platform. We are confident that we will find partners who think ahead, act first, succeed first, and grow together with us,” Mr. Chanchai stated.

 

   

         Mr. Pitipong Trainurak, CEO of One Origin Co., Ltd. stated that the company plans to develop commercial real estate projects and gradually open services until 2023, with no less than 11 projects in various key locations along major transportation routes such as various BTS lines in Bangkok and its vicinity, as well as significant economic areas like the Eastern Economic Corridor (EEC), with a total project value exceeding 20 billion baht (estimated total asset value). This includes 1. Hotels and serviced apartments with no less than 3,420 rooms, covering all segments, focusing on business customers and the budget hotel segment, which is stable and has consistent occupancy rates during both low and high seasons. 2. Commercial Space such as rental office buildings and retail spaces totaling no less than 16,000 square meters, with most projects being mixed-use, integrating various types of real estate to generate income from multiple sources, adding value to the projects and making each project a potential new landmark in its location.

        “Today, we have a team and partners with extensive experience in the commercial real estate sector, with land in potential locations that have been carefully selected and market-researched, ready to develop every project according to plan. Welcoming new partners to invest and drive our Open Platform will further enhance the attractiveness and unique features of each project, allowing consumers to experience new opportunities in commercial real estate,”

        Recently, under the development plan worth over 20 billion baht (estimated total asset value), two projects have been completed and are in soft opening: Staybridge Suites Bangkok Thonglor and Holiday Inn & Suites Sriracha Laem Chabang, totaling 650 rooms. This marks a significant achievement for both the company and its original partner, Nomura Real Estate Development Co., Ltd., a leading real estate developer from Japan, and the world-renowned hotel operator, InterContinental Hotels Group (IHG).

        The company also has commercial real estate projects awaiting development and currently under development in various locations such as Phaya Thai, Sukhumvit, Ram Inthra, Sriracha, Rayong, etc. New partners are interested in investing in three projects. At the same time, the company is also looking for opportunities for mergers and/or acquisitions (M&A) to create more business opportunities. According to the company's plans, by 2025, it expects to generate profits of 500 million baht per year for the group. Interested parties wishing to partner with the company can inquire for more details at [email protected].

       Ms. Aliwasa Phattanathabutr, Managing Director of CBRE (Thailand) Co., Ltd. stated that currently, the development of commercial real estate projects worldwide is no longer solely the domain of one owner but often involves joint ventures or collaborations (synergies) among partners from different business sectors to create diversity and innovation in space development. This is a crucial factor for the success of these projects in the era of Digital Disruption, where consumer behavior is rapidly changing and demands new solutions to meet lifestyle needs. As the leading agency in tenant sourcing for One Origin, we are confident that One Origin's projects, equipped with the Open Platform model, will represent a business model that meets the future operational needs. With project locations situated in various key areas of Bangkok and the EEC, this will further attract tenants and help their businesses succeed.

Thank you One Origin Co., Ltd.