Bangkok, (3 July 2018) – TCC Assets Company Limited and Frasers Property Limited have announced the appointment of Thai BAUER Co. Ltd., the local subsidiary of BAUER Spezialtiefbau GmbH, and SEAFCO Plc, as foundation contractors for the first phase of ‘One Bangkok,’ working in coordination with Project and Construction Manager, Stonehenge Inter Plc. ‘One Bangkok’ is the THB 120 billion landmark development, a joint venture between TCC Assets and Frasers Property. It is the largest private sector property development initiative ever undertaken in Thailand that will set new benchmarks in design, quality and sustainability.
“With decades of in-market experience, Thai Bauer and SEAFCO have outstanding track records in complex special foundation works in Thailand. We have appointed two foundation contractors due to the large size of the first phase of ‘One Bangkok’, ensuring that this development is of the highest quality construction from inception, shaped with utmost care for the city, the environment and people,” said Mr. Burin Kunatippapong, Construction Director, Frasers Property Holdings (Thailand) Co., Ltd.
As part of the large-scale permanent underground works, Thai Bauer and SEAFCO will install more than 2,500 bored piles down to a depth of 80 metres. In addition, they will construct a diaphragm wall measuring over 1.5 kilometers long at a depth of 35 metres, which will form the structure of the basement levels for the development. This will be supervised closely with rigorous quality assurance and quality control protocol by Stonehenge Inter. The project works will be performed according to LEED* Platinum level, which stipulates strict rules and extremely high standards when it comes to environmental aspects. Logistics innovations include concrete batching plants and centralised procurement on-site, to ensure constant supply of concrete and steel.
As the first development in Thailand to target LEED* Neighborhood Development Platinum certification, ‘One Bangkok’ will comprise five premium Grade A office towers, five luxury and lifestyle hotels, three ultra-luxury residential towers, four distinctive retail zones, a cultural hub and performance centre, as well as eight hectares of green areas and open spaces.
The specialist engineering foundation works are now underway, as part of the construction for One Bangkok, with the development’s first components opening in 2022.
Notes to Editor:
* LEED: Leadership in Energy and Environmental Design (LEED) is a rating system devised by the United States Green Building Council (USGBC) to evaluate the environmental performance of a building and encourage market transformation towards sustainable design.
TCC Assets (Thailand) Company Limited (“TCC Assets”) is an investment holding and fully integrated real estate company with a registered capital of THB 10 billion. Incorporated in 2013, it is part of the TCC Group, one of Thailand’s most prominent conglomerates.
TCC Assets’ investment themes focus on enhancing asset value through insightful development of products and services. Together with its subsidiaries and affiliated companies, TCC Assets maintains a portfolio of residential, commercial, and retail properties, along with hospitality and technology-related services.
For more information on TCC Assets, please visit tccassets.com
Frasers Property Limited ("Frasers Property" or the “Company”), is a multi-national company that owns, develops and manages a diverse, integrated portfolio of properties. Listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") and headquartered in Singapore, the Company is organised around five asset classes with total assets of S$30 billion (THB 717 billion) as of 31 March 2018.
Frasers Property's assets range from residential, retail, commercial and business parks, to logistics and industrial in Singapore, Australia, Europe, China and Southeast Asia. Its well-established hospitality business owns and / or operates serviced apartments and hotels in over 80 cities across Asia, Australia, Europe, the Middle East and Africa. The Company is unified by its commitment to deliver enriching and memorable experiences for customers and stakeholders, leveraging knowledge and capabilities from across markets and property sectors, to deliver value in its multiple asset classes.
For more information on Frasers Property, please visit frasersproperty.com