Bangkok – 19 November 2008 – Total Access Communication Public Company Limited, one of Thailand’s leading telecommunications providers better known as DTAC, have signed Thailand’s largest ever office lease at Chamchuri Square owned by Chulalongkorn University. The company signed a lease for 61,000 square metres of office space.
The building developed by Thailand’s prestigious Chulalongkorn University is situated on Rama IV Road with direct access to the Samyan MRT station. The development has a 90,000 square metre office building link to 22,300 square metre retail podium. There is also an apartment tower with 126 residential units.
“This is the largest office transaction in Bangkok”s history,” said Mr. Nithipat Tongpun, Director and Head of Office Services at CB Richard Ellis Thailand, the sole leasing agent for Chamchuri Square. “This letting is four times larger than any other office lease signed in Bangkok, this means that despite the global economic slowdown, vacancy rates for Bangkokâ’s grade A central business district office market will remain low.”
Mr. Prapaprot Puprasert, Senior Vice President of Total Access Communication PLC. said, “We selected Chamchuri Square because the building matched many of our key requirements, it has great access with a direct link to the MRT’s Samyan station. You can walk from the station into the basement of Chamchuri Square. The 3,200 square metre floor plate, one of the largest in Bangkok was also a key factor along with the reputation of Chulalongkorn University as a landlord. By signing this lease we are clearly demonstrating our commitment to Thailand”.
Assoc. Prof. Gp.Capt. Permyot Kosolbhand, M.D., Vice President of Chulalongkorn University said, “We are very pleased to welcome Total Access Communication as a tenant in Chamchuri Square. We think the advanced design of the development reflects the spirit of our university.”