Commercial & Industrial Property News Update

Thailand - Live, Shop And Play At The Grand Kingdom

October 25, 2012

A large-scale commercial project is being planned for development in Pattaya, said Nusasiri Group.

The Grand Kingdom is coming soon to Pattaya.

A mixed-use commercial and residential project featuring housing and condominium units, water and fun parks and a shopping plaza is being planned by developer Nusasiri Group. The project, with an estimated gross development value (GDV) of THB 10 billion, is expected to begin operating by the third quarter of 2015.

Visanu Thepcharoen, chief executive officer of Nusasiri, said that the property will be developed on a 300-rai land plot in Sattahip district, Chon Buri. About one-third of the plot - 100 rai - will be dedicated to the development of retail and entertainment facilities, such as a shopping plaza as well as a water park.

The remaining space will be used for residential development.

Visanu added that The Grand Kindgom will be launched for pre-sales and bookings by the end of 2012.

"The Grand Kingdom project will increase the group's income and profitability. From our initial analysis, the project will provide good return on investment due to its prime community location on the southern side of Pattaya City, which attracts an increasing number of tourists every year. The Grand Kingdom project will also provide a new platform, which is different from any competitor in the market place, combining residential, retail and entertainment at one place," he said.

The Grand Kingdom project marks the first time Nusasiri Group is venturing into entertainment attractions, and is expected to furnish strong returns and boost business performance for the company.

Tags: Commercial real estate, Shop for rent, Income units

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