Retail in Asia


New five-storey retail project comes to life at Park Silom

NYCE & RGP Development Co., Ltd. has signed a strategic agreement with Siam Piwat Co., Ltd. for retail asset management and property management for “Park Silom”, a premium mixed-use project in Silom under the theme “New Breed of Silom.”

A 39-storey mixed-use project with five floors of retail space recently won prestigious international awards.

SEE ALSO: Asia’s retail leaders prioritize automation and future-proofing

In addition to catering to the lifestyles of office occupants and Thai and international tourists with high purchasing power, the retail concept will be a ‘one-of-a-kind retail experience. By creating an innovative lifestyle that responds to the multi-dimensional lifestyle of Silom, the collaboration between the three property and retail industry leaders will establish “Park Silom” as a new landmark in Silom – the prospering economic neighbourhood.

NYE Estate Co., Ltd’s Chief Executive Officer Ornruedi Na-Ranong said “NYE & RGP Development – which was a joint venture between NYE Estate and Minor International PCL – has developed Park Silom, a high-end office and retail building on six rai right in the center of Silom, based on a theme of “New Breed of Silom.”

Locals and people living and working in Silom will benefit from the integrated lifestyle project. With the MOU signed with Siam Piwat, we are collaborating on retail asset management and property management, with the ultimate goal of providing the new generation with a balanced lifestyle where work, shopping, and after-work socializing are perfectly integrated in a distinctive way.”

Siam Piwat, highly recognized as a “Visionary Icon”, will further enhance Park Silom’s credentials among retailers with its extensive experience in property development, which includes numerous world-class projects that have won many awards.

In addition to its demonstrated success, Park Silom’s office and retail space will offer new experiences that cater to the multi-faceted work life and lifestyle of its occupants, most of whom are leading companies and international organizations, for “Park Silom” to become a new landmark for Silom.”

Dillip Rajakarier, Group CEO of Minor International, said, “We are delighted to collaborate with these prominent property and retail developers on an iconic “Park Silom” project. Hotels, restaurants, and mixed-use businesses are among Minor International’s specialties. Our expertise in hospitality and retail as well as key corporate support functions allows us to contribute to this supreme quality business and lifestyle hub in Bangkok’s financial heart.

SEE ALSO: Malaysian retailers expect physical store revenues to increase

Siam Piwat has been ‘The Visionary ICON’ for 63 years by developing and managing world-class property and retail projects and global divisions that have been pioneering milestones and delivering the ultimate experience. With this partnership, Siam Piwat will strengthen retail asset management and property management for Park Silom to provide an integrated urban work life and lifestyle experience.