Raimon Land partners Mitsubishi Estate in new  Bt8.8-bn commercial project on Ploenchit Road

Property developer Raimon Land, in partnership with leading Japanese firm Mitsubishi Estate, is to invest in a new prime commercial development, One City Centre, in Bangkok.
The investment value is Bt8.8 billion, comprising Bt5.5 billion for construction and Bt3.3 billion for leasing the land, the listed company announced on Tuesday.
Upon completion in the final quarter of 2022, One City Centre will feature 61 floors with an estimated total lettable area of 61,000 square metres, about 92 per cent of which will be marked out as office space and the remainder as retail area. 
The building will be constructed on a prominent plot on Ploenchit Road covering a total of 6 rai and 28 square wah (one hectare) of space. 
It will be directly connected to Ploenchit BTS Station, and surrounded by a host of amenities including a leading shopping mall and five-star hotels. 
Raimon Land has registered a 30-year lease with the Land Department, and the project’s EIA (environmental impact assessment) report has been approved by the Expert Committee on Environmental Impact Assessment at the Office of Natural Resources and Environmental Policy and Planning.
The developer has appointed JLL to be its sold leasing agent for the property.