B 15 BILLION SATELLITE TOWN AT BANG NA CAMPUS!
The administrators and managing director of Pasupat Realty Co. pose for photographers with a copy each of the A.U. Catalogue at the press conference held on July 3.
At the end of the press conference administrators and officials of the University and Pasupat Realty Co. sit down for a happy photo session.
At a press conference held at the Grand Hyatt Erawan Hotel on July 3, 2003 the administrators of Assumption University, Rev. Bros. Prathip Martin Komolmas and Bancha Saenghiran revealed plans for construction of the ABAC MALL within the next two years comprising a two-storey commercial zone with 5031 square metres of space and a 1879 sq-m three-storey building to accommodate foodstalls. This will be part of a 15 billion baht 10-year blueprint to turn the Bang Na campus into Thailands' first self-contained university town which will include a 200-million baht, 200 room five-star hotel and a 500 million baht exhibition and convention hall with seating for 1500-2000 persons.
The new infrastructure, called Abac Mall, will be developed on four rai at the university site, located at Kilometer 26 of the Bang Na-Trad highway. It is aimed not only at hostel students and nearby residents but is also expected to draw traffic from the Suvarnabhumi airport due to open in 2005.
The Mall, to be run by Pasupat Realty Co on behalf of Thailand's first international university, is expected to open early next year. A total of 47 tenants, including convenience stores, book and stationery stores, banks, a recreation centre, a food court, a 100-seat cinema and a carpark for 2,000 vehicles, are soon expected to sign leases. It was estimated that the monthly rental for space in the mall would be set at 24,000 baht for 50 square metres and 31,000 baht for 65 sq-m.
According to a feasibility survey conducted last year about 27% of the students at Abac spent approximately 200 baht a day at stores at the campus. It was estimated that the Abac Mall will pull in about 100 million baht on a monthly basis.
It is understood that several retail chains have shown interest in Abac Mall such as 7Eleven, Makro Office and Nai-in bookstore.