AIA CONFIDENT IN ITS PROPERTY FUTURE WITH COMPLETION OF ‘AIA CAPITAL CENTER’  

Bangkok, 22 May 2014: AIA is confident that its fully developed real estate project, ‘AIA Capital Center’, will enjoy a great success as it is situation on Ratchadaphisek Road’s prime area that is set to be a new business and financial center of Bangkok. 

 

The completion of AIA Capital Center was announced today where Mr. Anucha Laokwansatit, AIA Thailand’s General Manager and Chief Investment Executive, provided an overview of Bangkok’s newest premium commercial building and retail complex worth six billion baht that is now ready for tenants to move in.

 

“The project has been well received since we first announced with numbers of companies have expressed their interest in leasing retail and office spaces. The structural completions of the entire project, as well as surrounding greens give it readiness for tenants to move in” he said, “At this point, some companies have begun decorating their interiors while others have already moved in.”

 

The creation and development of this project was due to AIA Group’s enormous confidence in Thailand’s bright growth prospects and future, coupled with the determination to expand their interests beyond their core life insurance business. Seeing great potential in investing in property development, the Group deliberately chose to build AIA Capital Center at the top of Ratchadapisek Road, an area destined to become Thailand’s future capital center location.

 

“We are confident about the potential of this location near the new Stock Exchange of Thailand as it will resemble Wall Street in the US. The existence of so many convenient access points on different transportation systems to the site complements our vision to support the expansion of domestic and international companies, conglomerates and investors in Thailand. That is why we designed AIA Capital Center as the first grade A commercial and retail complex on Ratchadapisek Road,” Anucha explained.

 

Standing on nearly 10 rai of land, the 34 storey tower offers floor space ranging from 1,700 to 1,800 square meters, totaling 54,000 square meters of grade A office space and nearly 5,000 square meters of retail space. The entire complex exceeding 100,000 square meters of usable space will house banks, restaurants, cafés, a fitness center, and convenience stores.

 

The most outstanding feature of AIA Capital Center is its vast column-free office space which when combined with 3 meter high ceilings, the highest among all commercial projects in Thailand, makes the premises an impressive setting for leading organizations. These spacious interiors are complemented by the ease of traveling to and from the complex

 

 

 

being close to highways and the airport link as well as being just 50 meters from the Queen Sirikit National Convention Centre underground station (MRT).

 

Mr. Pokpong Yingdeepol, Director for Real Estate of AIA Thailand further indicated “AIA Capital Center is the first grade A eco-tower on Ratchadapisek Road which possesses all the qualities of a Green Building. The complex received a Gold Rating from LEED (The Leadership in Energy and Environmental Design) due to its emphasis on three factors: energy conservation, environment preservation, and the deployment of the latest technological innovations throughout the structure. Examples of the team’s willingness to think ahead includes the use of high quality imported insulated laminated low-e glass façades to reduce energy consumption.

 

“The building also pushes creative design by harnessing technology to construct extraordinarily wide column-free office spaces that have floor plate configurations allowing companies to install staircases between different stories save time and energy for the building by limiting the use of passenger elevators. The complex is surrounded by greenery and is dotted with green pockets that allow people in the building to relax in rooftop gardens above the parking buildings and retail areas. For these reasons, AIA Capital Center’s application was considered and accepted by LEED.

 

“The adjustable decorative lights which can create different configurations which are a part of the exterior glass panels are distinct element to this iconic tower, enhancing AIA Capital Center standing as a project of rare beauty and elegance on Ratchadaphisek Road,” Pokpong concluded.

 

The now fully completed AIA Capital Center welcomes all parties interested in leasing office and retail space to contact its authorized principal agent, CBRE. To find out more, contact CBRE at Tel: 02 654 1111 or the website http://www.aiacapitalcenter.com

 

 

About AIA

 

AIA Group Limited and its subsidiaries (collectively “AIA” or “the Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has operations in 17 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 26 per cent joint venture in India and a representative office in Myanmar.

The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$147 billion as of 30 November 2013.

 

 

 

 

 

 

 

AIA meets the savings and protection needs of individuals by offering a range of products and services including life insurance, accidental and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents and employees across Asia-Pacific, AIA serves the holders of more than 28 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

 

Media contacts

Corporate Communications – AIA Thailand

 

Jetana Kriengsakophas Tel. 02 638 7367/ 095 539 1626  Email: Jetana.Kriengsakophas@aia.com

Lapasrada Sungtawadee Tel. 02 638 6539/ 090 658 0689 Email. Lapasrada.Sungtawadee@aia.com

 

For further editorial information, please contact:

Public Relations, Inhouse Brand Works Co., Ltd

 

Narumon Prapawong                 Tel. 089 206 2066/ 02-685-2926      Email: mon@inhouse.co.th

Sanurak Nonrachsuwat              Tel.081 381 6638 or 086 617 7399  E-mail:  pr@inhouse.co.th,