BHIRAJ BURI GROUP welcomed 2018 with impressive 80% Occupancy for BHIRAJ TOWER at BITEC

Real Estate Press Releases Friday January 26, 2018 12:03
Bangkok--26 Jan--Spark Communications

BHIRAJ BURI GROUP, the leading property developer for high-quality and bespoke real estate, welcomed 2018 with an impressive occupancy rate of over 80% at BHIRAJ TOWER at BITEC after the official launch last year.

After the official launch in the first quarter of 2017, BHIRAJ TOWER at BITEC, the first grade A office building in Sukhumvit – Bang Na, has attracted tenants from various industries including The Siam Commercial Bank Public Company Limited, Regus(Thailand), Origin Property Public Company Limited, All Inspire Development Public Company Limited and KYB Asian Pacific Corporation Limited.

A report from CBRE, the world's leading commercial real estate advisor, revealed that the Grade A CBD rents have continued to rise with shortage of vacant Grade A office buildings in Bangkok's prime areas. As a result, many companies are looking for office building outside of the CBD. Location and accessibility have become crucial factors for tenants to select their office space such as public transportation (BTS, MRT), main roads and expressways.

Therefore, outside the CBD that offer accessibility to public transportation have become an attractive destination for companies looking to base their headquarters. In the near future, there will be more and more office buildings outside of Bangkok's CBD including Bang Na, Outer Sukhumvit area, Ratchadaphisek and Rama 9. The rapid growth of IT business and start-up companies also has a great impact on office demand. These companies are more likely to move from small workspaces to office buildings that provide better facilities, ease of commute, convenience as well as credibility for the organization.

Pitiphatr Buri, Managing Director of Bhiraj Management Co., Ltd. under BHIRAJ BURI GROUP said: "As a pioneer developer of various projects in Sukhumvit – Bang Na area, I am very pleased that one of our grade A office building, BHIRAJ TOWER at BITEC has received an impressive response from tenants from various businesses, resulting in the current building occupancy rate of over 80% in less than one year. I strongly believe that Sukhumvit - Bang Na has the potential to become the new commercial hub as we can see from the rising demand in the area. BHIRAJ BURI GROUP is committed to developing quality projects and we continue to use our expertise in developing and managing office buildings.

"In order to meet demands in the Sukhumvit-Bang Na area, BHIRAJ BURI GROUP has recently launched its latest office campus, SUMMER Lasalle, the first office campus in Thailand. I believe that this project will create a new category in the market and perfectly meet the needs of modern office workers. The low-rise modern design works for both MNCs and small-medium businesses and offers them the flexibility to create their dream offices. The office campus also embraces green space with over 30% of the project utilized for landscaping. I believe the project will be able to create a vibrant and energetic working community. "

BHIRAJ TOWER at BITEC has 29 floors and 32,000 square meters of rentable office space. It's located in the vicinity of Bangkok International Trade and Exhibition Centre (BITEC), and is a part of the integrated mixed-use project. With more than 2,200 square meters of roof garden and jogging track on the top of the 29th floor, there is also an unparalleled view of the city, Chao Phraya River and Bang Krachao. The office building offers a range of facilities to accommodate and enhance the sustainable development of Thai businesses in the future.


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