Singha Estate Public Company Limited has launched its flagship mixed-use project, Singha Complex, with the first phase of office and retail space located at the prime Asoke-Phetchaburi intersection. This new smart office is situated in the central business district, easily accessible and surrounded by over 30 renowned shops and restaurants, catering to the perfect urban lifestyle. The company believes this will be a key business driving Singha Estate towards achieving its revenue target of 20 billion baht in 2020.

Mr. Narit Chayaklin, Chief Executive Officer of Singha Estate Public Company Limited, a leading real estate development and investment company in Thailand and abroad, stated that the Singha Complex, the company's first mixed-use flagship project, is now open for service. The project is located at the convenient Asoke-Phetchaburi intersection, adjacent to the Phetchaburi subway station, near the Airport Rail Link, Asoke Canal Pier, and expressways, marking it as a future potential location in a key business area with upcoming projects. The development spans a total land area of 11 rai, comprising a 42-story Grade A office building and 4 floors of retail space, totaling 120,000 square meters, along with a luxury condominium standing 39 stories high with 319 units, constructed to LEED Gold standards for energy efficiency.

The first phase opened at the beginning of October, featuring The Office at Singha Complex and 4 floors of retail space. The office building is fully equipped as a smart office, incorporating technology and innovations controlled via a specially developed application to facilitate tenants and retail customers. Currently, over 80% of the office space has been leased, with a goal of achieving 100% occupancy by the end of 2018, as companies are gradually moving in, with over 3,000 office workers expected to start by the end of November.

Mr. Nithiphat Thongphan, Executive Director and Head of Office Space at CBRE (Thailand) Limited, commented, "Due to the architecture of Singha Complex and its high-quality Grade A office facilities that meet the needs of leading tenants both domestically and internationally, we have secured over 80% of lease agreements even before project completion, with the best average rental rates in the area."

The 4-story retail building is designed to cater to the lifestyle of both office workers and residents of the condominium THE ESSE at SINGHA COMPLEX, as well as being a new dining and shopping destination for both Thai and foreign visitors in the Asoke-Phetchaburi area. It features numerous famous shops and restaurants, such as Gontran Cherrier, Bake Cheese Tart, Coffee arigato, Dressed, Bake Café by Farm Design, THE COFFEE CLUB, On-Yasai, Hoshi, Hokkaido Butadon Tokachi, Phuket Town, EST.33, and many more, along with wellness services like Cut & Curl, ALL ABOUT TEETH dental clinic, BLOSSOM CLINIC, EYE CLASS, and Digital Banking services including SCB Express, BAY, and Tops Daily, which is Thailand's first digital concept store. Additionally, there is a center for Japanese tourism information, 1887, showcasing local products and attractions from various cities in Japan, with new products rotating monthly. The foodPLACE on the 3rd floor of the retail space is a food court featuring legendary restaurants from across Bangkok, such as Wattanapanit Beef Noodle, Jae Ju's Curry Rice, Jirapan Grilled Chicken, and more.

Additionally, there is a co-working space and relaxation area where customers can work and unwind at their leisure, with Free Super WIFI at a speed of 1GB/Sec, which is the fastest free WIFI in Bangkok, covering the entire building. The rooftop garden on the 4th floor serves as a green oasis in the city, a community meeting space for everyone. Currently, over 70% of the retail space is open for service, with full operations expected by early next year.

"The positive response from both tenants and customers at Singha Complex reinforces its potential as a business that can effectively meet consumer lifestyles, aligning with Singha Estate's mission to develop quality projects that generate revenue for the business and instill confidence in investors. This is a positive signal for growth opportunities for the company, expanding investment possibilities both in Thailand and abroad. Furthermore, Singha Complex will be a crucial business group in driving Singha Estate towards achieving its revenue target of 20 billion baht in 2020, while supporting demand and propelling the Thai economy as a hub for trade, investment, and tourism in the region," Mr. Narit concluded.

Thank you for the information from www.singhaestate.co.th