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The Ninth Towers

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General Information of Asset

The Ninth Towers Office Building Project is located at No. 33/4, Rama 9 Road, Huaykwang Sub-District, Huaykwang District, Bangkok. It was completely developed and has been operating since February 2014. The project comprises a 34-storey Tower A with 2-level basement and a 32-storey Tower B with 2-level basement. The basement, G Floor and the 2nd Floor of both towers are leasable areas for retail and common areas connecting between Tower A and Tower B. The parking areas are on 3rd to 10th Floor with parking capacity of approximately 1,100 cars. The Ninth Towers Office Building Project is part of the Grand Rama 9 Project which is developed by Grand Canal Land Public Company Limited (“GLAND”) Group to be a new central business district on the area located at the corner of Rama 9 Road and Ratchadaphisek Road intersection.

Details of The Ninth Towers Office Building Project

Characteristic of Investment

  1. Leasehold rights over immovable properties which comprise office building areas for lease (Partial) areas, convention room areas, common areas and parking areas.
  2. Leasehold rights over utilities systems
    For approximately 27 years. (the agreement expiring on 18 April 2047)
  3. Ownership of movable assets tha CPNREIT invested, i.e. equipment for decoration, tools, instruments, whether are permanently fixed or not, including other equipment used for the purpose of decorating or facilitating users of the building and structures of the Project.
  4. Rights and obligations under the related agreements to be transferred from GLANDRT, and/or directly entering into any agreements with GLAND relating to or in connection with The Ninth Towers Office Building Project.
Property Manager
GLAND (Central Pattana holds 67.53 percent of shares in GLAND)
Building Area
Gross Floor Area (include parking area) approximately 95,997 sq.m.
Gross Leasable Area approximately 58,914 sq.m.
Invesment Date
1 March 2020
Investment Value
THB 5,847 million