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Bangkok

Jones Lang LaSalle Named as Sole Leasing Agent for Chartered Square Office Building


Bangkok, 10 June 2010 - Chartered Square Holding Ltd has recently appointed Jones Lang LaSalle (Thailand) Ltd as the sole leasing agent for Chartered Square Building, a prime office development on Sathorn Road.
 
Located at a corner of the North Sathorn-Surasak Intersection, Chartered Square Building features a total lettable area of 33,500 sqm spread over 33 floors. Flexible floor plans are accommodated in unit sizes from 21 sqm to 1,375 sqm.
 
Its strategic business location within a walking distance to the BTS Surasak Station, with an easy access to the second-stage expressway, Taksin Bridge and Silom Road, makes Chartered Square a preferred business address.
 
Mr. Narit Chai-Apar, CEO of Chartered Square Holding Co, Ltd., said “We have recently repositioned Chartered Square Building as a five-star office building that offers top-of-the-line products, services and facilities."
 
"To enhance the marketability of the building further, we decided to appoint Jones Lang LaSalle as the sole leasing agent. Its strong connection with the local and international business communities and experienced office leasing team made us confident that limited office space that remains available for rent at Chartered Square Building will be fully filled up with quality tenants,” he added.

Last year, Chartered Square Holding Co., Ltd., spent more than THB50 million on renovating Chartered Square Building and upgrading the building’s common facilities.  Over 80% occupied, the building provides home for many leading local and international companies.
 
Mrs. Suphin Mechuchep, Managing Director of Jones Lang LaSalle, said “When considering an office location, companies focus on a number of key factors including occupancy cost, convenience and building quality. Therefore, Chartered Square Building is an office development with great marketing potential. Apart from its convenient location and quality space and facilities, the building also offers competitive rentals ranging between THB 550 and THB590 per sqm per month, which is affordable for most companies looking for Grade A office space in Bangkok’s central business district.”
 
According to Jones Lang LaSalle’s research, rentals of Grade A office space in Bangkok’s CBD vary from building to building while the average rental rate is standing at THB638 per sqm per month.