QH to resume Sathon project

Posted on May 26, 2004 by admin
QH to resume Sathon project - Bangkok Post, May 26, 2004
This is that extreme derelict project (just a few stories completed) on the corner of South Sathorn Road: Listed developer Quality Houses Plc (QH) plans to spend 1.6 billion baht to resume construction of its suspended office building in the Lumphini area, which by 2006 is expected to generate annual revenue of 300 million baht, says CEO Rutt Phanijphand.
The company yesterday signed an agreement to hire Italian-Thai Development Plc to finish the Q House Lumphini project, located on the corner of South Sathon Road close to the Thai-Belgium Bridge. Work has already been started and is scheduled to be completed by the end of 2005.
Work on the three-billion-baht office building, about 10% completed, had been suspended after the 1997 economic crisis...
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