KASIKORNBANK (KBank) has signed an MOU to provide a loan facility of 1.63 billion Baht to Siamese Asset Public Company Limited for the development of Landmark @Grand Station – a mixed-use property project under the Cassia by Banyan Tree Group brand. The project will become a new landmark in the strategic location of the Ramintra area near the Pink Line electric train station and Fashion Island shopping mall, in response to the urbanization trend so as to reduce concentration in the central business district (CBD).
Mr. Panya Kongkapaisal, KBank First Senior Vice President, said, “Given our confidence in the financial status and more than 10-year experience in property development of Siamese Asset Public Company Limited, KBank has provided a credit line of 1.63 billion for the company’s development of the Landmark @Grand Station project. The Landmark @Grand Station is a mixed-use project that caters to all lifestyles of its residents; its site on Ram Intra Road is an outstanding strategic location in northern Bangkok in terms of transport, as it will be facilitated by the MRT Pink Line.”
Mr. Kajonsit Singsansern, Chief Executive Officer , Siamese Asset Public Company Limited, said, “Siamese Asset would like to thank KBank for its confidence in the Company. The loan will be used to develop the Landmark @Grand Station project, worth more than 4 billion Baht, which will be a new landmark in the central Ramintra area. The project is intended to meet the needs of residents as it is a mixed-use project equipped with comprehensive facilities, including residential units, hotels, offices, and commercial areas, with MOFFS décor style. The property units are affordable and are located close to Fashion Island shopping mall, The Promenade, and the Pink Line electric train route. The Landmark @Grand Station is scheduled for completion in 2024.”