Frasers Property Thailand implements Asset Enhancement Initiative (AEI) for Sathorn Square and Park Ventures Grade A offices, addressing business office oversupply pressure

Frasers Property (Thailand) Public Company Limited (FPT), Thailand’s integrated real estate platform, has launched an Asset Enhancement Initiative (AEI) at two Grade A office buildings: Sathorn Square and Park Ventures, managed under Golden Ventures Leasehold Real Estate Investment Trust (GVREIT). The AEI project, focused on improving overall efficiency and aesthetics, has incorporated advanced technological features and innovative services to deliver a high-quality experience for tenants and visitors such as self check-in kiosks, smart car parking systems, face recognition technology for access control and indoor air quality (IAQ) monitoring to boost the overall workplace experience. The AEI at Sathorn Square commenced in March 2024 and is expected to be completed in September 2024. Work at Park Ventures began in April 2024 is scheduled for completion by October 2024.

The redesign of Sathorn Square takes inspiration from its name, combining square elements with neo-vibrant colors to enrich the vibrancy and overall environment for office workers.

The retail space at Park Ventures will be revamped based on a modern design concept, creating an inviting atmosphere.