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​​​​​Real estate is probably one of the top three costs on your company's balance sheet. But when a portfolio is managed strategically and operates at peak efficiency, it can be a powerful tool for your business. We help companies of all sizes and geographies liberate capital from owned and leased buildings, increase the productivity of their workplaces and make their portfolios more fit for the future. ​

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Thailand’s hotel investment volume exceeds THB10b in 1H2017/thailand/en-gb/news/588/thailand’s-hotel-investment-volume-exceeds-thb10b-in-1h2017Thailand’s hotel investment volume exceeds THB10b in 1H2017<p>​<strong>Bangkok 26 July 2017</strong> – Direct investment in Thailand's hotel sector reached THB10.7 billion in the first half of 2017, according to JLL Hotels & Hospitality Group. This figure is attributed to four major transactions, comprising five hotels in Bangkok and Pattaya.</p><p> </p><p>"As a comparison, 2016's full-year investment volume was only THB 9.6 billion," says Mike Batchelor, Head of Investment Sales Asia, JLL Hotels and Hospitality Group. "The robust investment activity recorded in the first half reflects investors' continued appetite for hospitality assets in Thailand and confidence in the long-term outlook for the country's tourism industry."</p><p> </p><p>"Buyers comprised of both domestic and regional investors, with the latest hotel acquisitions being made by Carlton Hotel Group and Hotel 81, both from Singapore. This reaffirms Thailand's position as one of the region's most attractive hotel investment destinations," adds Mr. Batchelor.</p><p> </p><p>In June, JLL facilitated Hotel 81's acquisition of the Premier Inn portfolio, including two hotels in Bangkok and Pattaya. With a collective key count of 388, the portfolio marks Hotel 81's first venture into the Thai market. Hotel 81 has appointed Travelodge to manage both hotels on its behalf.</p><p> </p><p>Chakkrit Paul Chakrabandhu Na Ayudhya, Senior Vice President, Investment Sales, JLL Hotels and Hospitality Group, comments: "The portfolio was the first overseas transaction made by the buyer, Hotel 81, the largest owner of hotels in Singapore. The seller, Whitbread, is also the largest owner of hotels in the UK. We were able to facilitate cross-border transactions, resulting in the movement of capital between regions."</p><p> </p><p>In May, Carlton Hotel Group of Singapore acquired a hotel development project in Bangkok. Situated at the corner of Sukhumvit Road Soi 27, the property comprises 2 rai, 2 ngan and 34.3 square wah of freehold land and a partial 34-storey hotel development. JLL Hotels and Hospitality Group represented the seller, Bangkok Management Company Limited, a subsidiary of Principal Capital Public Company Limited in this THB2.4 billion transaction. Planned for completion in 2019, the 342-key hotel is expected to carry the Carlton Hotel brand.</p><p> </p><p>Karan Khanijou, Senior Vice President, Investment Sales, JLL Hotels and Hospitality Group, explains: "The acquisition by Singapore-based Carlton Hotel Group has been the largest hotel deal publicly announced in Thailand. Given that no hotels of a significant size have been traded on the main Sukhumvit Road, this deal has also set a new benchmark price." </p><p> </p><p>The other two hotels sold in the first half of 2017 include Bangkok Edition Boutique Hotel and Swissotel Nai Lert Park in Bangkok. While the acquisition of the latter was announced in 2016, the transaction was only completed this year.</p><p> </p><p>JLL expects 2017's full-year hotel investment volume in Thailand to reach over THB14 billion by the end of 2017. </p><p> </p><p>Last year, more than 10 hotels and hospitality assets were sold in Bangkok and the major provincial destinations of Thailand with a combined value of THB 9.6 billion. Of these, five assets were sold by JLL Hotels and Hospitality in Bangkok, Phuket, Samui, Sri Racha and Chiang Rai. </p><p> </p><p>- ends -</p><p><strong> </strong></p><p><strong>Download</strong></p><p>Photos of the hotel development project acquired by Carlton Hotel Group: </p><p><a href="http://www.jll.co.th/thailand/PublishingImages/PR/s27-JLL.jpg">http://www.jll.co.th/thailand/PublishingImages/PR/s27-JLL.jpg</a></p><p><a href="http://www.jll.co.th/thailand/PublishingImages/PR/s27-sold-by-jll.jpg">http://www.jll.co.th/thailand/PublishingImages/PR/s27-sold-by-jll.jpg</a></p><p> </p><p>Photo of Mike Batchelor</p><p><a href="/thailand/PublishingImages/People/mike-batchelor-jll-hoteles-and-hospitality-group.jpg">http://www.jll.com/thailand/PublishingImages/People/mike-batchelor-jll-hoteles-and-hospitality-group.jpg</a></p><p> </p><p> </p><p><strong>About JLL</strong></p><p>JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit <a href="/">www.jll.com</a>.</p><p> </p><p>JLL has over 50 years of experience in Asia Pacific, with 36,800 employees operating in 95 offices in 16 countries across the region. The firm won the 'World's Best' and 'Best in Asia Pacific' International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year by Real Capital Analytics.  <a href="http://www.ap.jll.com/">www.ap.jll.com</a>.</p><p> </p><p>For more information, please contact</p><p> </p><p><strong>Winai Jaiton</strong></p><p>Marketing and Communications</p><p>T +66 2 624 6400</p><p><a href="mailto:winai.jaiton@ap.jll.com">winai.jaiton@ap.jll.com</a></p><p> </p><p><strong>Pimpanga Yomchinda (Orn)     </strong></p><p>JLL's Hotels & Hospitality Group            </p><p>T +66 2 624 6565 M +66 85 363 3360</p><p><a href="mailto:pimpanga.yomchinda@ap.jll.com">pimpanga.yomchinda@ap.jll.com</a></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Premium Grade developments bring Bangkok office market to the next level/thailand/en-gb/news/579/premium-grade-developments-bring-bangkok-office-market-to-the-next-levelPremium Grade developments bring Bangkok office market to the next level<p>​Generally, office buildings are allocated into certain categories, with Grade A buildings being the top of the line and normally achieving the highest rents. However, there is now much discussion about a new Premium Grade asset class, which is well established in mature markets, globally and regionally and the Bangkok office sector is already shifting toward it, according to <strong>international property consultancy </strong><a href="http://www.jll.co.th/"><strong>JLL</strong></a>.</p><p>Not all office buildings are the same, which is why a general classification system exists to categorize them by location, facilities, amenities, and fittings. Re​​al estate consultants and developers use classes to prepare market data and justify the prices of spaces within office buildings. </p><p>Logically enough, a grading system exists to determine various office spaces' quality. Equally, this system helps tenants rent an office. It provides a metric that enables tenants to quickly determine their needs and the spaces to match them.</p><p>Whilst the classifications can be subjective because many factors go into pricing office space and Premium Grade and Grade A office buildings have many features in common, there is a rigorous criterion used to differentiate the two classes, according to <strong>Dexter Norville</strong>, a director of property and asset management at JLL. "For example, Premium Grade office buildings generally feature higher technical specifications and levels of finishing, fixtures, and fittings throughout public and common areas such as lobby, rest rooms, lifts, and parking," he says.</p><p>"There are also 'intangible' aspects to consider when identifying a Premium Grade asset. One of these is elevated market perception of the property as a blue-chip corporate address that helps make the building highly desirable and command superior rents," he adds.</p><p>High quality of property management is another example of intangible criterion used to define a Premium Grade office building. Apart from safety, security, and sustainability, the management sets a strong focus on satisfaction of occupiers within the building by integrating highly activated and curated tenant engagement and experience programs. In fact, occupants of Premium Grade office buildings are viewed as, and increasingly treated as, customers of the building</p><p>To deliver a Premium Grade office development, the developer must set a clear objective and involve quality consultants from the beginning at the project development planning stage. These consultants are not limited to architects and engineering firms but also include sustainability and property management experts.</p><p>According to Mr. Norville, a handful of office buildings in Bangkok currently fall into the Premium Grade class. "Some examples are Park Ventures, Sathorn Square, AIA Capital Center and AIA Sathorn Tower that make the grade and are attracting high-quality tenants at above average rents," he adds.</p><p>Strong success of these buildings has encouraged developers of new office development projects to move toward the Premium Grade class. One Bangkok by TCCA, for instance, is expected to become one of the most well-designed and technically advanced developments in Asia Pacific with all of the components, not only offices, being designed to be Premium Grade assets.</p><p>"With most of the newly completed office developments in Bangkok being Grade A buildings, the Grade A quality that is a key selling point today will soon become a norm. As a result, we believe Premium Grade developments will become a more prominent component of Bangkok's skyline in the near future," says Mr. Norville.</p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88

 

 

Asia Pacific Property Digest 1Q 2017/asia-pacific/en-gb/research/884/asia-pacific-property-digest-1q-2017Asia Pacific Property Digest 1Q 2017Asia Pacific: An oasis of calm amidst global political instability0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
The Office Index 1Q 2017/asia-pacific/en-gb/research/879/the-office-index-1q-2017The Office Index 1Q 2017Asia Pacific leasing performance mixed; volumes down 4% y-o-y0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045

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