UV has high hopes for new office tower
Lofty rents reflect green efficiency
The listed developer Univentures Plc (UV) is confident of achieving 90% occupancy for its new Park Ventures office building on Wireless Road in 2012 with an initial rate of return of at least 13%.
Park Ventures occupies a prime site at Wireless and Phloen Chit Roads and will be able to command rents above 800 baht per sqm per month, against the area average of 700 baht.
Managing director Thanapol Sirithanachai said the company had invested 3 billion baht for construction and expected to break even within nine years.
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About the author
- Writer: Kanana Katharangsiporn
- Position: Business Reporter
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