Bangkok--14 Oct--Aziam Burson-Marsteller
Grande Asset Hotels and Property Pcl., today signed a major contract with Siphya Construction Group Co., Ltd., for completion of all outstanding construction work on the luxurious 346 unit Regent Residences on Sukhumvit Road.
The work that will be undertaken when construction resumes includes completing the remaining five floors of the 37 floor North Tower, installing the window wall and completing the interior fit-out of both towers and the landscaping of the entire complex. The 20 floor South Tower is already topped off. There are 256 units in the North Tower, 175 of which are sold while 55 units have been sold in the 90 unit South Tower.
Grande has also hired US based CM&D, a specialist provider of construction management services as project manager for Regent Residences. CM&D is undertaking a top-to-bottom review of all projects in Grande’s property portfolio and is working with Grande to establish ‘best practices’ in order to ensure completion in accordance with international standards for construction.
Grande Asset will soon invite bids from leading international building management brands to oversee the management of the common areas of the Regent Residences.
Mr. Markland Blaiklock, CEO of Grande Asset noted, “We are very pleased to have this opportunity to move ahead with the fast-track construction of Regent Residences with a group as esteemed as Siphya. They have an enviable track record and strong commitment to complete all outstanding work in a timely and professional manner.”
Prior to this signing, Grande Asset has worked extensively with The Blink Design Group to upgrade and refresh the original design concept and interiors to better match today’s aesthetics.
Both the main fa?ade of the Regent Residences and podium have been upgraded in ways that underscore the truly iconic appeal of the entire complex, which in itself presents a stunning balance of culture and design.
About Grande Asset Hotels and Property Pcl
Grande Asset Hotels and Property Pcl, formerly Grande Asset Development Public Company Limited (“GRAND”) or "Grand" for short, has consistently chosen prime locations in both Bangkok and at popular resorts for its modern and stylish hotels and residential properties. GRAND’s new managers bring years of international experience, vision and unrivalled operational expertise and will remain strategically focused on providing discerning guests and buyers with professionally developed and managed properties in Thailand.
The Company's properties include:
CROWNE PLAZA SUKHUMVIT HOTEL *
HUA HIN BLUE LAGOON
LE MERIDIEN PATTAYA RESORT *
SHERATON HUA HIN RESORT
SAILS IN PATTAYA *
THE REGENT BANGKOK HOTEL AND RESIDENCES*
THE TRENDY CONDOMINIUM, OFFICE TOWER AND RETAIL COMPLEX
WESTIN GRANDE SUKHUMVIT HOTEL
*under development
This press release is for information purposes only, and is not intended to be a forward looking statement. Grande Asset Hotels and Property PLC (“Grande Asset”) is a publicly traded company on the Stock Exchange of Thailand, and this press release is not intended to be used as a basis for making any investment decisions in any securities which Grande has previously or will in the future issue, or as the basis for making any decisions regarding the purchase of a condominium unit. This press release is neither an invitation to purchase or sell any of the securities of Grande Asset, nor an invitation or inducement to purchase a condominium unit.
For further information, please contact:
Satida Sritunyathorn or James Best
Aziam Burson-MarstellerTel. 0 2252 9871