Category Archives: Overseas Property

New condominium project set to soar Bangkok’s skyline

Posted on 9 May 2012 | Comments Off on New condominium project set to soar Bangkok’s skyline

In the heart of Sukhumvit, the latest luxury property development is set to add another tower to Bangkok’s skyline.

Real estate and property developer, Grande Asset Hotel and Property Ltd. is to launch its latest luxury property development, Hyde Sukhumvit.

The development comprises of 455 high-end condominiums, a 30-floor hotel and retail stores. The ethos of the development is ‘mixed use.’

Speaking at the launch, Mr Pheeraphon Nonthasoot, executive vice president of Grande Asset Hotel and Property Ltd. said: “This project will feature the best of three key assets in one single development. The residence owners will be in the enviable position of living in the centre of Sukhumvit with the best of all facilities and services at their doorsteps.”

Construction will commence in June 2012. The completion date is March 2014.

Situated on the tip of soi 13 and within a stones throw of the BTS line the development is within close proximity to restaurants, five star hotels, and leading schools and hospitals.

Mr Nonthasoot said: “This is a new landmark in the area which represents excellent value for money given its location, transport links and the extremely high standards of the units.”

The design concept is modeled on “His and Her;” architectural inspiration comes from male and female clothing.

Hyde Sukhumvit will be a 40-storey condominium, housing 455 units, ranging from 31sqm to 183sqm in size.

The dwellings will consist of 227 one-bedroom units, 138 two-bedroom units, 78 three-bedroom units, eight three-bedroom duplex units and four penthouse apartments.

Director and vice chairman of Grande Asset Hotels and Property Ltd, Vitavas Vibhagool said: “This particular development marks a significant step for us in reinforcing our position in the industry as a player who develops high-end properties in the most desired locations.”

Source: PropertyReport -9 May 2012

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London’s princes house purchased by E&O

Posted on 9 May 2012 | Comments Off on London’s princes house purchased by E&O

E&O agreed to acquire Princes House as its first major overseas property, which is a prime freehold office-cum-retail building.

Malaysia’s lifestyle property development group Eastern & Oriental Berhad (E&O) has purchased Princes House, a prime free-hold office cum retail building in central London for £20.25 million (US$32.75).

The neoclassical building along Kingsway will continue to be let for office use but still let E&O have the opportunity to harness its redevelopment potential in the future.

“This may include E&O branded serviced suites or resi- dential apartments which would find a ready rental and sale market given its proximity to the University of London, London School of Economics as well as the Inns of Court where student accommodation and legal offices are always in demand,” said E&O Managing Director, Datuk Terry Tham Ka Hon. “Presently, a section of the property is already tenanted by a well-known retail brand and is immediately generating rental income.”

The purchase of Princes House will be funded by internal funds and bank borrowings.

Princes House was contracted in the early 1920′s and is a significant mixed-use building of approximately 46,087 square feet of office and retail/showroom space. It is in close proximity to to London landmarks such as Covent Garden, the Royal Opera House, and the Lyceum.

Source : PropertyAsia 8 May 2012

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