PROPERTY
CPB ad rankles Central Leases solicited for prime Rama IV site
- Published: 7 Mar 2013 at 00.00
- Newspaper section: Business
Central Pattana Plc (CPN), the Central Group's commercial property developer, will seek assurances from the Crown Property Bureau (CPB) regarding its right to develop a plot on the busy corner of Rama IV and Wireless roads.
The green 88-rai vacant plot of the Crown Property Bureau (top left corner) sits at a prime location in Bangkok — the corner of Rama IV and Wireless roads. The CPB is offering a long-term lease for interested companies to develop mixed-use projects at the site, the former location of the old Suan Lum Night Bazaar. THANARAK KHOONTON
"What worries us is the move from the bureau that seeks other parties to develop land adjacent to ours," said a CPN executive who asked not to be named.
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