Sports-retail complex to rise near National Stadium
THE Sports Society is investing Bt300 million to establish “Stadium One”, a retail complex that it says will be a new landmark for sports lovers, connecting Supachalasai National Stadium with Chulalongkorn University’s Chamchuri Park.
Pongwat Tiyapornchai, manager of the Stadium One project, said the Sports Society had received a concession from Chulalongkorn University for construction and management of the complex on a 10-rai (1.6-hectare) plot behind the National Stadium.
Stadium One is planned as a modern community mall under the concept of “Stadium of Life”. It will house 120 shops on 5,000 square metres of space, it two sections, called Sport Retail and Active Lifestyle.
Pongwat said Stadium One would be a new landmark for Bangkok, attracting sports lovers including those all kinds sports equipment and products in one place.
He said it would also become a well-equipped centre for sports activities. Wide-ranging services including lockers, bathrooms and parking lots will be offered.
So far, about 40 per cent of the space in Stadium One has been booked on expectations for a higher rate of space reservation after more online marketing activities. The minimum rental rate is Bt350 per square metre.
About 90 per cent of the project’s income will come from |rent and the rest from advertis-|ing, which will be managed by |a firm in the area through a concession.
Sales of health-related products and services have been growing consistently in Thailand, with the market for exercise and health-related products rising from Bt110 billion in 2012 to Bt160 billion in 2015, Pongwat said.
