The PARQ signed a new office leasing contract with 3M, sharing common visions of sustainability and innovation

The PARQ, the mixed-use development integrating smart workplaces and retail under the concept of “Life Well Balanced”, has recently signed a new office leasing contract with 3M, a global science-based innovation company known for manufacturing quality industrial, safety and consumer products. With the total area of over 6,400 sqm., 3M is set to use the new office space at The PARQ Workplace as its new headquarter in Southeast Asia. This new head office will open its doors in January with an innovation center designed in cooperation with The PARQ’s engineering team.

“We are pleased that 3M, which is the world’s leading science and innovation company, chose The PARQ as the location of their head office. This is a partnership built on shared values, with 3M and The PARQ sharing a strong belief that consumer-centric innovations can enhance quality of life. The PARQ’s engineering team has also been working hand-in-hand with 3M to ensure that this new office space will support the workforce’s well-being and productivity while they discover a balanced way of working and living,” said Mr. Kamolnai Chaixanien, Executive Director of TCC Assets (Thailand) Co., Ltd., who joined the signing ceremony.

“Besides 3M Vision, “People and Culture” and “Sustainability” are our key Priorities. In looking for a new office building we were looking for a location with excellent accessibility, functional design and an environment that can accommodate our People’s work-life balance and while at the same time contribute towards UN sustainability development goals. The PARQ meets the requirements for our new head office and our new Customer Innovation Center with its “Life Well Balanced” concept, multi-accessible routes for both private and public transportation, rooftop garden, nearby Benjakitti Park and the LEED Gold Certification and the WELL Building Standard. We believe that our new head office will enhance creativity, productivity and work-life balance in our workplace.” said Mrs. Wiyada Srinaganand, Country Leader of 3M Thailand.

Developed by TCC Assets, with Frasers Property Holdings (Thailand) Co., Ltd. as the project’s development manager, The PARQ is pioneering Thailand’s adoption of international design and sustainability standards, raising the bar for eco-friendly buildings that benefit both human occupants and the larger environment. It has received pre-WELL certification and is on track to become the country’s first mixed-use development to achieve both WELL Certification and LEED Gold v4 Certification – the latest for sustainable green buildings.

The inaugural phase of The PARQ comprises The PARQ Workplace – a Grade A commercial space totaling 60,000 sqm. with Thailand’s largest column-free commercial floor plate at 5,200 sqm. per floor – and The PARQ Life, offering 12,000 sq.m. or more than 60 dining, shopping, fitness and wellness amenities to meet the everyday needs of its occupants, visitors, and the surrounding areas. The development has a gross floor area of 130,000 square meters, with an investment value of THB 8 billion.

The PARQ has recently won PropertyGuru Asia Property Awards 2020 in Best Office Development Awards, as well as PropertyGuru Thailand Property Awards 2020 in three categories, including Best Office Development, Best Office Architectural Design and Best Green Development, and has achieved awards and recognition from leading award, including the “Special Recognition Award, Green Innovation” award from Dot Property Thailand Awards 2020.

TCC Assets (Thailand) Company Limited (“TCC Assets”) is an investment holding and fully integrated real estate company with a registered capital of THB 10 billion. Incorporated in 2013, it is part of the TCC Group, one of Thailand’s most prominent conglomerates. Together with its subsidiaries and affiliated companies, TCC Assets maintains a portfolio of residential, commercial, and retail properties, along with hospitality and technology-related services. For more information on TCC Assets, please visit tccassets.com

About Frasers Property Limited Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multi-national developer-owner-operator of real estate products and services across the property value chain. Listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore, the Group has total assets of approximately S$38.7 billion as at 30 September 2020. Frasers Property’s multi-national businesses operate across five asset classes, namely, residential, retail, commercial & business parks, industrial & logistics as well as hospitality. The Group has businesses in Southeast Asia, Australia, Europe and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 70 cities and 20 countries across Asia, Australia, Europe, the Middle East and Africa. Frasers Property is also the sponsor of two real estate investment trusts (“REITs”) and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties, respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties. The Group is unified by its commitment to deliver enriching and memorable experiences to customers and stakeholders, leveraging its people, knowledge and capabilities from across markets to deliver value in its multiple asset classes. For more information on Frasers Property, please visit frasersproperty.com.

Source: Ogilvy Thailand