Sermsuk opens bidding on 10-rai riverfront plot | Bangkok Post: business

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Sermsuk opens bidding on 10-rai riverfront plot

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Sermsuk Plc (SSC), bottler of the Est soft drink brand owned by liquor tycoon Charoen Sirivadhanabhakdi, has opened bidding for its riverside 10-rai plot on Charoen Nakhon Road with a starting price of 1.55 billion baht. 

The 10-rai plot is located on Charoen Nakhon Road and is used as a distribution centre for Sermsuk’s drinks business. This view is from Charoen Krung Road or the Sathon side. The sales agent Colliers envisions the property could accommodate a luxury condo.

The bidding process aims for transparency in selling the property of SSC, a SET-listed firm, shortly after listed developer Golden Land Property Development Plc, owned by Mr Charoen's sons Panot and Thapana, was called in April by the Securities and Exchange Commission to clarify the sale of a 31-rai plot on Ramkhamhaeng Soi 28 to Sirisub Patthana Co, also owned by Mr Charoen's sons.

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