CP Group-led consortium to build tallest tower in Thailand on SRT’s Bangkok Makkasan land
A 140-rai (22.4 hectares) land in Makkasan subdistrict of Bangkoks Ratchathewi district, which belongs to the State Railway of Thailand (SRT), will be the location for Thailand’s tallest tower.
The tower will be built by Asia Era One Ltd, a subsidiary of the Charoen Pokphand Group (CP), a news source revealed.
The CP-led consortium won the bid for the SRT’s high-speed train project connecting three airports (Don Mueang, Suvarnabhumi and U-Tapao) worth Bt224 billion in December 2018. The project also required the winner to develop the Makkasan land under a 50-year rent contract worth Bt50 billion, to paid in full to SRT upon area delivery.
“CP Group aims to turn the Makkasan land into a super tower. With a height of 550 metres — 120 storeys– it will be the tallest building in Thailand with up to 2 million square metres of usable space,” said the source.
“CP will also earmark at least 50 rai of land around the tower to be a green space to serve as a lung for surrounding communities. The rest of the land will be a location for hotels, office buildings, retail shops, service apartment and other facilities.”
CP Group has reportedly prepared an investment budget of Bt140 billion for this project.
Source: https://www.nationthailand.com/business/40006693
