SOMLUCK SRIMALEE
THE NATION July 11, 2012 1:00 am
The purchase of the site for Bt5 billion at the end of last month was the biggest deal before the new land valuations for tax assessments went into effect at the beginning of this month.
Wallapa Trisorat, director of TCC |Land, said yesterday that the company decided to acquire this lot when it saw |the potential to develop the property by preserving the history and architecture |of Chinatown in Bangkok.
"Before we develop this project we have to study the history and what kind of business matches this location," she said.
However, Soamapat Trisorat, another director, said the project might be like Asiatique the Riverfront, a retail business that has continued to maintain the architecture and history of the location.
MIXED-USED PROPERTIES
TCC Land develops mixed-used properties including lifestyle centres, residences, commercial buildings, community malls, and hotels and hospitality venues. It has investments and projects on hand both here and abroad worth more than Bt100 billion.
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