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News Release


First prime Grade A office development project launched on Thonglor

T-ONE by Ichitan Group’s real estate arm to open in 2018

Ichitan Group's real estate arm, Tan Eng Asset Co., Ltd, announced the launch of its first office development project, T-ONE. Scheduled for completion in the third quarter of 2018, the 34-storey development is set to become the first prime Grade A office building on Thonglor, one of Bangkok's most vibrant prime commercial and residential areas, according JLL, the sole leasing agent for the project.


Ms. Varisa Passakornnatee, Managing Director of Tan Eng Asset and a daughter of Mr. Tan Passakornnatee, Chief Executive Officer of Ichitan Group PCL, says "The T-ONE project is situated on land that our family left unexploited for a long time until we realized that now is the right time to do something with it. Therefore, we decided to develop the area as a grade A office building on this land plot that occupies a prime location in the Thonglor area."


T-ONE stands out with its cutting-edge architecture under the concept, THE NEW AGE OF ELITE TERRITORY CBD OFFICE BUILDING, taking modernity to another level where modern companies and business entrepreneurs can freely create a non-traditional workspace for their employees of a new generation and reflects their values in modernity, trendiness, and work-life balance.


Designed by Palmer and Turner, the 43,700-sqm building features a unique twisting structure with pieces of blue and golden glass that form the façade, giving a crystal-like effect when reflecting the sunlight. The twisting shape also allows for different looks of the building when viewed from different directions.


"Different looks of the building reflect diverse personalities of target tenants for the project that comprise modern companies and new wave entrepreneurs looking to create a workplace that will help encourage creativity," says Ms. Varisa. "T-ONE incorporates the concept of creative space that will help tenants kindle new ideas anytime."


"Upon completion, the project will also offer a direct link with the Thonglor BTS station and high quality facilities including a modern automated parking system. All of these features will meet the needs of our target tenants," Ms. Varisa adds.


Ms. Yupa Sathienpabayut, Head of Office Leasing at JLL, says, "The area between Phrom Phong and Thonglor where T-ONE is located has been identified as the best lifestyle area on Sukhumvit, offering prime shopping centers (The Emporium and The Emquartier), community malls, hi-end restaurants, world-class hospitals, international schools, a large public park, and almost everything that will make living ideal. This location also represents one of Bangkok's largest expatriate communities. All these offer the area a great potential for both residential and commercial real estate development, including office buildings."


"The Sukhumvit-Thonglor area has enjoyed strong demand for quality office space as evidenced by all of existing prime office buildings in the area being fully occupied by leading Thai and international companies. In fact, the office market in the area is generally undersupplied, failing to accommodate new large tenants or existing tenants' expansion. This has made us confident that  T-ONE will quickly become one of the most successful office developments in Thailand, given its unique architecture, efficient design, high quality of construction and facilities, and a direct link with the BTS Thonglor station," says Ms. Yupa.


Ms. Tattayakorn Benjapattaraset, a director of office leasing at JLL, says "For companies looking for office space, convenience of their employees remains the top requirement. While a direct access to a mass transit system is a major preference, a location that offers a good balance between work and play is a big plus. Supporting facilities such as food courts, restaurants and banking facilities with the building are no less important. In addition, companies do not only focus on efficiency of space within the building but also the image of the building itself. Well-established companies and start-ups alike prefer modern office buildings that can reflect or help enhance their corporate image as a modern organization. T-ONE will have it all."


Prior completion in the third quarter of 2018, T-ONE has already been 40% pre-committed, and is offering a pre-completion rental rate at THB 950 per square metre per month.


JLL has been appointed as the sole leasing agent and will also manage the property upon completion.