Mrs. Suphajee Suthumpun, group chief executive, Dusit Thani Public Company Limited, said, “We plan to elevate the Dusit Thani Bangkok and, in partnership with Central Pattana PCL, create a mixed-use real estate development of international standard with an estimated project value of around Bht 36,700 million (approximately US#1.05 billion).
Dusit Thani Public Company Limited, together with its partner, Central Pattana Public Company Limited (CPN), plans to build a landmark mixed-use real estate development in Bangkok that includes a hotel, residences, retail areas and office spaces, with a large green space.
The development follows news that the company has signed an agreement with the Crown Property Bureau to continue leasing the plot of land at the intersection of Silom Road and Rama 4 on which the Dusit Thani Bangkok stands.
The lease will be extended by 30 years with the right to extend for another 30 years.
Mrs. Suphajee Suthumpun, group chief executive, Dusit Thani Public Company Limited, said, “We plan to elevate the Dusit Thani Bangkok and, in partnership with Central Pattana PCL, create a mixed-use real estate development of international standard with an estimated project value of around Bht 36,700 million (approximately US$1.05 billion).
“This project will build on our unique Thai heritage, which has long been synonymous with Dusit Thani. It will be a new icon of Bangkok’s new era the same way the iconic Dusit Thani Bangkok made history 47 years ago.”
Planning for the project is currently being undertaken and details of the development will be announced before the middle of the year.