MBK renews lease agreement for Paradise Park
JLL represented the landlord on the transaction
JLL has successfully acted on behalf of S.S. Real to conclude the lease renewal agreement for Paradise Park on Srinakarindra Road with the existing lessee, MBK Plc. The property encompasses over 32 rai of land with a 5-storey shopping centre, Paradise Park. The new lease which is on a 20-year term will become effective from mid 2023 upon expiry of the existing 30-year leasing contract that was awarded to MBK in 1993.
Formerly Seri Center, Paradise Park is one of the largest shopping centres in Bangkok. It features approximately 270,000 square metres of retail space and more than 500 shops.
For more information about Paradise Park, visit http://www.mbkgroup.co.th/en/business/shopping/paradise-park
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