Member News

January 28, 2021

One.Six Development Appoints CBRE as Retail Leasing Agency for Retail Space at “THE STRAND THONGLOR” Ultra-Luxury Mixed-Use Condominium on Soi Thonglor

One.Six Development, a new-generation property developer, has signed with CBRE Thailand as its agent for the retail space at THE STRAND THONGLOR, an ultra-luxury, 30-storey condominium under the concept of ‘Essentially More’ at the front of Soi Thonglor, just 30 meters from BTS Thonglor. With a focus on design, craftsmanship and a sense of community, the high-rise residence has a project value of 4.8 billion baht and 812 square meters of retail space to lease. The project will be completed and ready for occupancy in the third quarter of this year. The signing ceremony was held at One.Six Development Corporation Limited’s office on Sukhumvit Soi 26.

Ms. Tanyatip Chearavanont, CEO and Founder of One.Six Development, said: “One.Six Development is committed to bringing world-class standards to real estate development in Thailand by creating projects of the highest quality in all aspects to meet the needs of our discerning customers, focused on prime locations and new lifestyles. We are very proud of THE STRAND THONGLOR, the company’s first project. The joint venture with leading property developer MQDC (Magnolia Quality Development Corporation Limited) is an ultra-luxury condominium on Thonglor Road with a project value of over 4.8 billion baht. This new definition of residential living fuses a private ultra-luxury residence, with the charm and community that Thonglor has to offer under the concept of ‘Essentially More’. THE STRAND THONGLOR captures a timeless design, with a focus on detail and craftmanship. In addition, we also apply the principle of ‘FOR ALL WELL-BEING’ in the selection of materials with a focus on sustainability, as well as technology and living innovations in line with MQDC’s guiding principle.”

“We are confident that the appointment of CBRE, a global real estate consultant, to lease retail space at THE STRAND THONGLOR will attract the attention of customers who live a  contemporary lifestyle and seek to be part of a new community at the front of Thonglor,” said Ms. Tanyatip.

Mr. Chawin Athakravisunthorn, Managing Director of One.Six Development, said: “THE STRAND THONGLOR project offers the experience of living in timeless minimalist luxury, applied in selected materials and meticulous finishes with subtle craftsmanship to offer you a space to experience the vitality of Thonglor day and night. A mixed-use area on the 1-3 floors features a commercial space, with All-Day Dining, a Speakeasy Bar, a Business Lounge and ‘THE STRAND Park’. Residents are assured of security and privacy and can enter from either Soi Sukhumvit 55 or 57. We are confident that CBRE will complete THE STRAND THONGLOR to becoming a place where people can gather, and share meaningful interactions.

Ms. Aliwassa Pathnadabutr, Managing Director of CBRE Thailand, said: “CBRE is delighted to be appointed to lease retail space by the new-generation Thai developer, One.Six Development. CBRE believes THE STRAND THONGLOR will be sought after by the new generations who focus on convenient locations and urban lifestyles as well as investment for their future. Located just 30 meters from the Thonglor BTS station, the mixed-use project offers more than residences. It also has space for a wide variety of restaurants and shops to conveniently serve residents and local people which is a key selling point for buyers. THE STRAND THONGLOR is a mixed-use project that offers complete Live-Eat-Work lifestyles, and ready to form a new center in Thonglor in an attractive location for living and investment. The yield on renting out a condo is 3-5% per year on average. Buying a condo at a good location offers the advantage of having consistent market demand.”

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