IMPACT Expands into Property Management of Muang Thong Thani with International Group SODEXO

Published : 2013-02-27

Following Bangkok Lands’ recent buy back of IMPACT Exhibition Management Co Ltd, the company is already looking at ways to develop the satellite city further for both residents and other businesses in the area.

To support Muang Thong Thani City and building on a successful relationship that has developed steadily over the past 5 years, IMPACT has invited French Group Sodexo to become its strategic partner in delivering Property Management services to the properties under the B Land portfolio.

Managing Director of IMPACTMr Paul Kanjanapashas confirmed that as a first step the Company will start by managing two (2) of Bangkok Lands projects - the commercial shop houses at Avenue 99 as well as Bangkok Lands - low rise luxury residential Double Lake condominium project. Additional commercial and retail l properties to be completed by Bangkok Land during 2013/2014 such as the neighborhood mall Bee Hive will also be added to the agreement.

“ We know that buyers ,be they residential or commercial, want three areas covered professionally, complete management and maintenance of each property, security and cleanliness both within and outside each property including landscaping . By ensuring high standards of services and controls both residents in the area and visitors can see and gain value in real terms. Of course this will mean that Muang Thong Thani will have an even greater appeal in the future”.

Mr Stuart Winters, Chief Executive Officer of Sodexo Thailand said “We at Sodexo have been providing Facility Management services to IMPACT since 2008 and have recently expanded our scope to housekeeping services.

“With our global expertise, and being the largest Integrated Facility Management company in the world, we have a proven track record of bringing best practices to the Thai property market which makes us the ideal partner for IMPACT” Mr Stuart added.

To add Mr Paul stated “It is in everyone’s interest to ensure that the area develops even more from an aesthetic perspective, the additional development of infrastructure, additional roads to cope with the increased traffic to the area, state of the art street lighting, landscaping and much more.

“We have seen, over the past two years, new developers and real estate properties coming to the area with permanent residents now exceeding 200,000. Major businesses in the satellite city include Kasikorn Bank, Ministry of Defense, True Corporation, to name just a few.“ he said.

Mr Paul said. “IMPACT being by far the largest business operator at Muang Thong Thani, and with our wide range of expertise in the management fields we are well positioned to support with additional services to complement all businesses and activities.

“We also have the advantage that from a financial perspective we can work on economies of scale for the benefit of all parties as well as will setting the complete mood and tone for the area in the future” Mr Paul added.

Muang Thong Thani was developed as a satellite city by Bangkok Land over 20 years ago and today is seeing a resurgence of interest in the area. IMPACT alone attracts over 16 million visitor annually to its venue, giving it the highest number of people visiting in Thailand other than Suvarnabhumi International airport.