SUNTOWERS
In 2021
The Company prioritized health and hygiene amidst the heavy spread of infectious COVID-19
Having won the Department of Health’s award for “large workplaces, offices, organizations, establishments (not factory) that are compliant to the standards for protection from COVID-19 for establishments”. We also won the “Gold” BSA Building Safety Awards 2021 from the Department of Public Works and Town & Country Planning. The awards are a testament to our commitment to care for the tenants in the building. In addition, in partnership with the Social Security Office, we offered a space as a COVID-19 vaccination site for those insured under section 33.
In 2019
SUNTOWERS was won the “Platinum” BBA Building Safety Award 2019 from Ministry of Interior.
Summary of the Performance
As of Quarter 2/2023
Property Information
The SUNTOWERS has conveniently located close to a business prime area north of Bangkok. The complex has a full lifestyle of services including office buildings, shopping malls, and universities which are managed by Max Future as the property manager, a subsidiary of Singha Estate Public Company Limited.
Project Highlights
Land plots
Totaling approximately
5 Rai, 2 Ngarn, 2.8 Square Wa
Leasehold rights
30 years
Ended 17 January 2049
Area (Gross Floor Area) of SUNTOWERS
122,965 sq.m.
Net Leasable Area
62,850 sq.m.
Retailer areas
943 sq.m.
Building Characteristic
Class B office building complex comprising Tower
A of 32 floors and Tower B of 40 floors including one underground level.
Potential Location
The property is located in high-potential areas with convenient transportation options including the BTS and MRT.
Land and Structure Ownership
Max Future Company Limited owns ownership of all land and buildings.
Location
123 Suntowers Building A, Vibhavadi-Rangsit Road, Chom Phon, Chatuchak, BangkokThe Complex is a state-of-art building complex with lasting design decoration of granite and the reflective heat strengthened curtain wall exterior and is conveniently located in close proximity to express ways, toll ways, BTS station, and MRT station.
MRT Phahon Yothin
1 Kilometer
MRT Chatuchak Park
1 Kilometer
BTS Mo Chit
1.5 Kilometer
Tollway
1 Kilometer
Don Mueang International Airport
15 Kilometer
Gallery
Performance Overview
SPRIME invested in the right to lease certain land plots and certain spaces of SUNTOWERS such as office spaces, conference spaces, fitness centers and common areas, parking areas and building systems for a term of 30 years. The REIT entered into a lease agreement of the following assets:
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Land plots under seven land title deeds: deeds no. 35754, 35755, 35951, 35953 and 35959 and some parts of the land plots under deeds number 35950 and 35960 located in Lardyao Sub-District (North Bangsue), Bangkhen District (Bangsue), Bangkok, totaling approximately 5 Rai, 2 Ngarn, 2.8 Square Wa.
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A total gross floor area in SUNTOWERS of approximately 118,828 sq.m./1 which is a net leasable area of approximately 62,843 sq.m. as of 31 December 2021
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Work systems of SUNTOWERS Complex cover public utility and relevant equipment, including air-conditioning, electricity, sanitation, communication, passenger lift and escalators, security, fire prevention and extinguishing system, building automation system and parking management system.
Note :
/1 Total gross floor area of SUNTOWERS is approximately 122,965 sq.m. In this investment, the REIT did not invest in retail space and certain common areas that are currently used for retail shops and parking spaces which are currently leaseable, totaling approximately 4,137 sq.m. However, in the future, the REIT will make additional investments in these areas. /2 Total office spaces for rent may change depending on the space requirements of each of the tenants. Additional common areas will be allocated to the floors on which smaller space is allocated to tenants. if the whole floor is leased to an office space tenant, some part of the common area on that floor may be occupied in the lease resulting in a smaller common area.
Max Future Company Limited owns ownership of all land and buildings.
A well-equipped workplace in an easily accessible location