Dusit Thani yesterday signed an agreement with the Crown Property Bureau to continue leasing the land on which Dusit Thani Bangkok sits – plus an additional plot of almost 3.8ha – at the intersection of Silom Road and Rama 4.
With the lease extended by 30 years (with the right to extend for another 30 years), Dusit Thani intends to reinforce the standing of its Bangkok flagship and build a mixed-use real development with its partner Central Pattana.
The new development – with an estimated project value of 36.7 billion baht (US$1.1 billion) – is expected to feature a hotel, residences, retail areas and office spaces and a large green space.
Suphajee Suthumpun, group CEO, Dusit Thani, commented: “It will be a new icon of Bangkok’s new era the same way the iconic Dusit Thani Bangkok made history 47 years ago.”
