Golden Land appoints CB Richard Ellis for Sathorn Square

Golden Land Property Development has appointed CB Richard Ellis as sole leasing agent for its new Sathorn Square office development.

The 72,000 sqm Grade A office project is currently under construction at the intersection of Sathorn Road and Narathiwat Road. Sathorn Square is located immediately adjacent to the Chong Nonsi BTS Skytrain station, and will be directly linked to the station by a covered sky bridge.

Sathorn Square, scheduled for completion in the 4Q of 2010, is the only Grade A office development that will be completed anywhere in Bangkok in 2010. Only one other Grade A building is currently under construction, and it is not scheduled to be completed until late 2011.

“Sathorn Square will be the most modern and best specified office building in Bangkok,” said William Wilfong, CEO of Golden Land. “With no other new Grade A supply coming to market over the next two years, we are confident about the timing and prospects for Sathorn Square, and are very happy to be working with CBRE on this prestigious project.”

The 40-storey development has 2,000 sqm of office space per floor in a column-free design that provides maximum efficiency and flexibility for both large and small tenants.

Sathorn Square’s 2.95m ceilings will be the highest in Bangkok, and the project will also feature the latest in modern security and energy-saving features.

“The prominent location, leading-edge design and public transport access will make Sathorn Square a very attractive option for office tenants,” said James Pitchon, executive director of CB Richard Ellis (Thailand).

Golden Land is also building the luxury W Bangkok Hotel on the site next to Sathorn Square in a joint venture with Nakheel Hotels of Dubai.

The 400 room hotel will be housed in a new tower and will also incorporate the fully renovated and restored historic buildings that were originally built at the turn of the 20th century and later housed the Russian Embassy.

SOURCE: Property-report.com