SET seeks partners to develop HQ
Bangkokpost ublished: 17/02/2010 at 12:00 AM
The Stock Exchange of Thailand has launched a search for a new partner to help develop a new 6-billion-baht office complex on Ratchadaphisek Road.
Of the 14.9-rai plot located near the Thailand Cultural Centre, 5.24 rai will be used for a new SET headquarters, with the remaining land to developed for commercial office space for sale or lease.
SET president Patareeya Benjapolchai said that of the 6 billion baht, the exchange would invest 2 billion for the headquarters itself. Private partners will be brought in to invest another 4 billion baht at the site.
"The SET's new head office will support business expansion and growing transactions, and will as be a venue for activities about finance and investment held by the SET and its capital market alliances," she said.
"It will be comparable with international financial centres in overseas markets."
The Thai Capital Market Centre will feature the latest technology and safety innovations, and be designed in keeping with best practices in terms of corporate social responsibility and environmental awareness.
Energy efficiency will be a major theme of the new building, while its location will facilitate easy access to existing and planned mass-transit routes within the capital.
The SET will stipulate that the new building have a "gold" certification under the Leadership in Energy and Environmental Design (LEED) green building rating system, developed by the US Green Building Council.
Information on the project, including terms of reference, will be open for public access through the SET website until Feb 25. Bids for the commercial partnership will be opened on March 24.
The Thai Capital Market Centre will feature high energy efficiency and have ‘‘gold’’ certification under the Leadership in Energy and Environmental Design (LEED) green building rating system.