One Bangkok, a pioneering, intelligent and sustainable district developed collaboratively by TCC Assets (Thailand) and Frasers Property Holdings (Thailand) Company Limited, has proudly announced a groundbreaking partnership with Isetan Mitsukoshi Holdings Co., Ltd, Japan’s largest and most prestigious department store group. This strategic collaboration represents a monumental leap forward in Bangkok’s retail and office business sectors, positioning One Bangkok as a premier global destination. This alliance encompasses two pivotal components: the development and operation of Thailand’s first Mitsukoshi supermarket and food hall and a co-investment in One Bangkok Office Tower 4, enhancing One Bangkok’s status as a magnet for top-tier businesspeople, investors, and tourists, both local and international.
The venture aims to set a new benchmark for Bangkok’s food and grocery shopping experience, delivering indulgent, world-class selections to One Bangkok’s residents and food enthusiasts alike. The innovative “Depachika” concept supermarket and food hall will be strategically situated within One Bangkok Retail, spanning over 4,600 square meters on the basement level of the Parade. This acclaimed food destination will offer discerning customers an immersive and tantalizing culinary experience featuring various international and local brands. Highlights include premium fresh produce, a meat and fish market sourced from exclusive farmer networks, and trusted Japanese producers. Beyond the supermarket offerings, the food hall invites shoppers to savour their favourite treats and meals from renowned and novel Japanese brands, pastry boutiques, cafes, and restaurants. This fully integrated and superior shopping experience, themed ‘The Rhythmic Experience,’ will firmly establish One Bangkok Retail as a must-visit destination.
Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property Limited, underscored the importance of this partnership, stating, “We are delighted to form a strategic alliance with Isetan Mitsukoshi, a globally acclaimed company with a 350-year legacy. Their decision to bring the distinctive Japanese culinary experience of Mitsukoshi to One Bangkok will enhance our diverse retail tenant mix as a key anchor, providing an immersive and authentic Japanese tradition and experience to Thai residents and international visitors. Our joint venture extends beyond retail enhancement, encompassing a co-investment in One Bangkok Office Tower 4, marking significant strides toward our vision of creating a new urban core that enriches Bangkok’s business and lifestyle offerings.”
Toshiyuki Hosoya, President and CEO of Isetan Mitsukoshi Holdings Ltd., shared his enthusiasm for the joint venture with One Bangkok, stating, “As we target customers worldwide, Asia holds significant importance for us. Thailand, with its strong ties to Japan and a large customer base that values Japanese products, represents a high potential market. The One Bangkok project, with its innovative approach in design and sustainability, aligns perfectly with our company’s vision and exemplifies the forward-thinking development we aim to support. By introducing our long-established culture and tradition, we are confident that Isetan Mitsukoshi will enhance the One Bangkok project, providing a unique and valuable experience.”
The partnership between One Bangkok and Isetan Mitsukoshi Holdings also includes a co-investment in One Bangkok Office Tower 4, reinforcing the district’s appeal to global office businesses. This move strengthens One Bangkok’s ability to attract leading local and international companies that prioritize premium office spaces, focusing on employee well-being, sustainability, and intelligent technology. This strategic alliance and the combined vision of One Bangkok and Isetan Mitsukoshi Holdings promise to transform Bangkok’s future, solidifying its global economic hub position.
Written by: My Thanh Pham