Central Rama III

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General Information of Asset

Central Rama 3 Project was completely developed and has been operating since October 1997. It’s located in one of the best locations of Sathupradit Road which is a continuous area in the heart of Bangkok (Sathorn and Silom). The area is known as one of the main residential and business areas of Bangkok. Central Rama Project 3 is located at No. 79, 79/1-79/2, 79/4-79/33 Sathu Pradit Road, Chong Nonsi Sub-district, Yannawa District, Bangkok.

Details of Central Rama 3 Project

Characteristic of Investment

  1. Leasehold right over the land with the total area of 12-2-44.6 rais.
  2. Leasehold rights over immovable properties, these comprise building areas (partial), and all parking areas.
    For approximately 30 years, (the agreement expiring on 15 August 2035). CPNREIT is entitled to renew the lease agreement for another 2 times, for a period of 30 years each as CPNRF (which was converted into CPNREIT) has paid single and full amount of rental fee and deposit pursuant to the condition of the lease agreement).
  3. Leasehold rights over utilities systems which are related to the project.
  4. Ownership of movable assets which are related to the project.
Property Manager
Central Pattana
Building Area
Gross Floor Area (include parking area) approximately 169,740 sq.m.
Gross Leasable Area approximately 36,028 sq.m.
Date of Transfer from CPNRF
1 December 2017
Transfer Value from CPNRF
THB 9,179 million