Siam Piwat is one of the shopping mall developers in Thailand and its most recent project is set to become the biggest commercial complex in all of Bangkok. It is expected to be opened to the public on the 9th of November. The construction cost of the Iconsiam reached $1.6 billion which also features high-rise condominiums. This will join the long list of commercial establishments in the city including the family hotel in Bangkok which has been one of the most in demand accommodation in the capital.
According to reports, aside from Siam Piwat, Magnolia Quality Development which is a real estate developer firm in the country and Charoen Pokphand Group which is a conglomerate in Thailand are also part of the shopping centre project.
The shopping centre is expected to become a hub for entertainment and commercial purposes because it will feature a department store that will be under Takashimaya, the core tenant based in Japan. Overall, the mall will have a floor space of around 520,000 square meters and will be bigger than other retail giants in the country including the CentralWorld mall which was developed by Central Group and also situated within the capital.
Just next to the mall will be two condominium towers for luxury tenants. The first tower will stand with 70 stories while the second tower will have 52 stories. The business industry of Thailand is already buzzing with excitement with this new project which is slated to have a huge impact on the commercial map of the capital city of Thailand. The Iconsiam complex will be located close to the Chao Phraya River which is in the western part of the capital which will separate it from the main shopping districts around Sukhumvit and Siam.
The shopping mall inside Iconsiam is expected to feature major brands that are trying to penetrate the market of Thailand for the very first time. The Takashimaya store alone will be bringing around 500 brands to the country and 80 of them are Japan-based which are expected to make their first debut in the country. This will surely be the next travel destination for guests staying at a family hotel in Bangkok as well as the rest of the city.