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Baht/$ 34.57/62 (Bid/Ask)
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13,100
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Bangkok Mediplex emphasises lifestyle
CHAROEN KITTIKANYA
Bangkok Medical Complex, the country's first lifestyle and medical retail space, is ready to begin commercial operations late this year to capitalise on the growing health-care business in the country.
According to managing director Niwat Kittichaiwong, 98% of the retail space is now occupied.
Bangkok Mediplex boasts 10,000 square metres of wellness and health services as well as lifestyle retail outlets in four storeys of the Nusasiri Grand Condo Ekamai on Sukhumvit 42, with a corridor linking it to the BTS.
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| Eye-catching exterior will help draw traffic to the Bangkok Mediplex, located just steps from the Ekamai BTS station. The centre will offer a wide range of treatments ranging from conventional to traditional medicine, as well as related retail services. |
Space for freehold sale and rental is 7,000 square metres, 65% of which will be for medical retail space and 35% for other operations such as banks, cafes and spas.
Mr Niwat said the complex, built at a cost of one billion baht, offered more than 10 medical centres specialising in different services including a multi-disciplinary specialist centre, a holistic medical centre, traditional Chinese medicine and acupuncture, a plastic surgery and reconstruction clinic, gastroenterology and intestinal treatment, skin and body rejuvenation, and a chiropractic fitness centre.
''The complex is not a hospital, rather it is a medical mall specially designed to be well-equipped with medical technology and a friendly environment,'' said Mr Niwat. ''The complex will focus exclusively on out-patient procedures, offering first-class treatments and therapies in a wide range of fields, including both conventional and holistic medicine ... within the realms of conventional and complementary treatments.''
The complex was originally a joint venture involving the property developer Nusasiri Group Co and the Sahawat family, the major shareholders of the SET-listed Vanachai Group (VNG), the largest panel and particle board maker in the region. The Nusasiri Group held 35% of the shares and the remaining 65% were held by the Sahawat Group including Mr Niwat.
Singapore-listed Pacific Healthcare (PHH) recently acquired 49% in Bangkok Mediplex for 355 million baht, diluting the holdings of Nusasiri to 25% and the Sahawat Group to 26%.
Pacific Healthcare now operates five integrated centres on Orchard Road in Singapore, each with its own disciplinary focus: cosmetic surgery, dentistry, anti-ageing, diagnostics and specialist day surgery. It also has centres in parts of India and China and a management contract in Vietnam.
''As the complex is located in the prime business area and the corridor will connect the building and the BTS Skytrain station allowing easy access, we strongly believe in its promising future and competitiveness despite stiff competition among health-care providers on Sukhumvit Road,'' said Mr Niwat. ''We expect we will reach the break-even point over the next five years.''
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