One Bangkok, the largest integrated real estate project in the heart of Bangkok, has announced the appointment of Knight Frank as its tenant representation to further enhance the office ecosystem within the project. Leveraging Knight Frank's expertise in the Thai market and its global network, the collaboration aims to access insights into the office market in Bangkok and connect with targeted international tenants. This expansion of tenant representation will support One Bangkok, which is already managed by JLL and CBRE, in elevating its office leasing strategy to effectively diversify its tenant portfolio.

Tatyakorn Benjapathraset, Senior Director of the Office Building Division at One Bangkok, stated, "One Bangkok is moving towards becoming a significant business destination globally. We can achieve this long-term vision through collaboration with leading real estate partners. Welcoming Knight Frank into our tenant representation network is a step forward in realizing this vision, allowing One Bangkok's office spaces to attract high-quality and diverse tenants, which is crucial for creating a world-class business district."

Panya Jenkijwatanalert, Partner – Head of Office Advisory at Knight Frank Chartered (Thailand) Ltd., remarked, "Our collaboration with One Bangkok presents a great opportunity to work with a project that sets a new standard for future office spaces. We will bring our in-depth market insights, combined with the outstanding features of One Bangkok that meet the needs of modern businesses, to the market. Especially in the current office leasing environment in Bangkok, where many companies are seeking high-quality office spaces (Flight to Quality). We believe that One Bangkok's office buildings will attract a diverse range of tenants from various sectors and become a key business hub in Bangkok."

Insights from Knight Frank's global network indicate important trends regarding leasing and office relocations. In Q1 2023, the office market in Bangkok recorded a net absorption of approximately 70,000 square meters, surpassing new supply in the market, resulting in a rental rate increase to 77.6%, reflecting a continuous recovery in demand.

According to Knight Frank's analysis, there is a high demand for quality offices that prioritize sustainability. The majority of net absorption in Q1 2023 occurred in Green-Certified Buildings. Tenants, particularly multinational companies, prioritize employee quality of life, advanced digital infrastructure, and strong ESG standards, all of which One Bangkok can fulfill, making it well-positioned to attract a diverse range of tenants from various industries.

One Bangkok's office buildings are designed and developed to international standards, integrating smart technology and sustainability, along with a comprehensive ecosystem that includes retail spaces, hotels, large green areas, and carefully curated cultural and artistic experiences.

One Bangkok aims to be the regional headquarters hub for multinational companies that value a conducive working environment and convenient transportation connections. To date, the project has successfully attracted numerous leading global tenants, including Baker McKenzie, EY Thailand, Microsoft, Estée Lauder Companies, Agoda, Sumitomo Mitsui Banking Corporation (SMBC), and HSBC Thailand.

This collaboration with Knight Frank, combined with the expertise of JLL and CBRE, will enable One Bangkok to enhance its tenant market access and increase its office leasing potential effectively. Currently, the first phase of the project, which includes One Bangkok Tower Three, Tower Four, and Tower Five, offers over 300,000 square meters of office space for lease and has achieved a remarkable leasing rate of 66%.