FIFA WORLD CUP 2018 Kata Rocks
Login | Create Account Poll Currency Weather Facebook Youtube Search

UK Bangkok embassy sale marks record B18.6bn Thai land deal

BANGKOK: Britain is to move its embassy in Bangkok after the record £420 million (B18.6billion) sale of its current premises in the Thai capital, the UK’s foreign ministry announced yesterday (Jan 31).

property
By AFP

Thursday 1 February 2018, 10:06AM


The 1920s building was purchased by property firm Hongkong Land and Thai conglomerate Central Group. Photo: WikiCommons.

The 1920s building was purchased by property firm Hongkong Land and Thai conglomerate Central Group. Photo: WikiCommons.

The sale of the 25-rai site in Bangkok’s Lumpini neighbourhood was the foreign ministry’s biggest ever such deal and the biggest land deal in Thai history, said to the ministry.

The 1920s building was purchased by property firm Hongkong Land and Thai conglomerate Central Group.

Embassy staff are due to relocate to the AIA Sathorn Tower by the end of the year.

“Our workforce in Bangkok will be moving into a state-of-the-art premises by 2019 and this can only enhance our trade links and bilateral relations in Thailand and throughout the region,” UK Foreign Minister Boris Johnson said in a statement.

Large parts of the current embassy were said to be unusable and the building was in need of significant refurbishment.

QSI International School Phuket

Simon McDonald, head of Britain’s diplomatic service, said the move was being made “in a tight fiscal environment” and it was right to take “tough decisions” to ensure the UK’s global presence.

Funds raised by the sale will be spent on up to 40 “modernisation projects” at British embassies around the world, the foreign ministry said.

Tos Chirathivat, chief executive of Central Group, earlier said the group "wants to develop a mixed-use project that links to our Central Embassy shopping project", reported the Bangkok Post.

The project would mark the biggest investment in the group's history, the Post reported. (See story here.) 

 

 

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

Comments Here:
Comments Left:
# Characters
Username:
Password:
E-mail:
Security:

Be the first to comment.

Have a news tip-off? Click here

 

Phuket community
GrabTaxi hikes ‘booking fee’ surcharge

To be a Governor on Phuket is a easy job. You just join ceremonies, religious or not, you lie to Am...(Read More)


Ugandan females arrested on Bangla Rd for Phuket overstays

If Patong Col Jessada is so worried, as he said, why are the black women (I mention colour as it is ...(Read More)


GrabTaxi hikes ‘booking fee’ surcharge

Meter taxis in phuket?? What a joke, they don’t exist, the drivers NEVER turn them on and just hav...(Read More)


Phuket Opinion: It’s what they call karma

That's why I call it Lie-Land. Honesty is simply not considered when lying is so much easier. ...(Read More)


Phuket Opinion: It’s what they call karma

Glad to see another PN article pulling the covers off dishonest Thai officials. In their efforts to...(Read More)


Phuket Opinion: It’s what they call karma

Karma is for those who actually have a conscience, Thai officials have repeatedly demonstrated they ...(Read More)


Ugandan females arrested on Bangla Rd for Phuket overstays

2 day crack down in reaction to local Thai reporter doing 4am Facebook live report from Bangla showi...(Read More)


Phuket hotels deny worker crackdown brings pressure

"Thai staff may not be as competent"... bulls-eye!...(Read More)


Phuket croc search moves to Kata Noi, beach closed to swimmers

Hehehe, where in the world are vice admirals, Mayors and Governor going to a beach for a croc? Where...(Read More)