JLL named as a strategic leasing partner for office towers at One Bangkok
The firm expects the project to enjoy strong demand as occupiers’ flight to quality is accelerating
One Bangkok Co., Ltd., announced a strategic leasing partnership with JLL and CBRE for Tower 4 and Tower 5 at One Bangkok, the largest holistically integrated district in the heart of Bangkok, developed by Frasers Property and TCC Assets. Upon completion, the two towers will feature 200,000 sqm of combined lettable premium office space.
Lim Hua Tiong, CEO of One Bangkok, said “The future of the work is evolving, therefore Bangkok office buildings must tailor to the new trends. As a vertically integrated developer and asset manager with a proven track record of delivering the best office tenant experience in Bangkok, Frasers Property has a good understanding of what customers want to go beyond current market standards in terms of physical space, amenities, and services. By appointing JLL and CBRE, global leaders in commercial real estate services with expansive networks, as strategic leasing partners, we will have an even deeper insight into the office asset class to deliver the ultimate workplace ecosystem of the future.”
The offices at One Bangkok emphasize health, well-being, sustainability, and quality in every detail. For these two office towers, we engaged world-renowned consultants to deliver beautifully designed, high-performance environments with flexibility and efficiency for the best occupant experience. They are also the first office towers in Thailand underpinned by future-ready smart technology, targeting WiredScore and SmartScore certifications, and are designed for WELL Platinum certification, ensuring the physical and social environments will benefit the health, well-being, and performance of occupants. These attributes have already been recognized by the industry, with One Bangkok recently receiving the ‘Best Office Development’ award at the 17th PropertyGuru Thailand Property Awards 2022 ceremony.
“We’re confident in bringing these two office towers to the market now. Our most recent office development, The PARQ, is approaching 95% occupancy, having launched at the outset of the pandemic – and with a very strong tenant profile. This demonstrates that demand for the best office product remains very robust and One Bangkok is primed to meet the demand for premium quality office space,” added Mr. Lim.
Michael Glancy, Country Head of JLL Thailand, a global professional services firm specializing in real estate, companies have been on a journey to reinvent the workplace for a number of years. Whilst this has been driven by technology and the need for more efficient, flexible, healthy, and sustainable spaces, the shift to hybrid work has become a marker of change in the workplace. It places greater emphasis on how companies can support employees’ well-being and increase collaboration, a sense of belonging and productivity.
“There is a clear flight to sustainable quality buildings trend growing here in Bangkok and we expect this to continue for the foreseeable future. There are over four million sqm of occupiers who have been in the same office towers for over twelve years. Therefore, JLL anticipates leasing activity to continue to rise in the next two years as companies create their own version of the future of work to meet their employees’ needs and attract them back to the office,” said Mr. Glancy.
“One Bangkok has an array of offerings to meet occupiers evolving needs, which makes the project an attractive proposition. The specification of the office towers is top Grade A quality and is supported by limitless amenities and lifestyle services, connection to nature, inspiring art and culture, and seamless transit options – the epicentre of urban life,” he added.
Located at the corner of Wireless and Rama 4 roads with direct linkages to the city’s burgeoning mass transit systems, One Bangkok comprises workplaces of the future, a new retail loop, superlative residences, hotels with the finest five-star hospitality, a world-class live entertainment arena, the presence of art and culture, and vast, welcoming public realm that covers 50 rai of the 104-rai district. As a well-equipped smart city with sustainable infrastructure, One Bangkok aims to be the first project to be awarded LEED for Neighborhood Development Platinum certification in Thailand and WELL Building Standard to support human health and wellness.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.