Broke Brits Flog Bangkok Embassy For 20 Billion Baht

Published on 31st January 2018 by Stickboy BKK

Broke Brits Flog Bangkok Embassy For 20 Billion Baht

The British Foreign & Commonwealth Office announced Wednesday it had sold it’s embassy in Bangkok for a whopping 20 billion baht in a bid to raise some much needed funds.

The FCO press release states the site has been sold to a joint-venture consortium of Hongkong Land, a member of the Jardine Matheson Group, and Central Group for over £420 million or 20 billion baht.

It’s said to be the biggest land deal in Thai history and the FCO’s biggest ever sale with the proceeds to be reinvested in other overseas estates that will facilitate the modernisation of dozens of projects around the world that are necessary for security or health and safety reasons.

Diplomats and consular staff will move to new premises by 2019 based in the AIA Sathorn Tower.

The sale comes as the existing embassy building, which dates back to the 1920s, requires a significant upgrade and refurbishment to make it fit-for-purpose, with large parts of the building no longer usable.

Broke Brits Flog Bangkok Embassy For 20 Billion Baht

Foreign Secretary Boris Johnson said: “Britain is a leading player on the global stage and I’m determined to ensure that our diplomats have all the necessary tools to do their job effectively. This includes working in modern, safe, fit for purpose premises not just in Bangkok but around the world.

Our workforce in Bangkok will be moving into a state-of-the-art premises by 2019 and this can only enhance our trade links and bilateral relations in Thailand and throughout the region”.

Photo Credit: Wikicommons

share on facebookshare on twitter
Climax Soi 11 Bangkok

most popular

Have You Heard About Smooci?
Have You Heard About Smooci?
15 Hollywood Movies Filmed In Thailand
15 Hollywood Movies Filmed In Thailand
EXCLUSIVE: An Interview With Paul Hayward, The King Of Clubs
Exclusive Interview With Paul Hayward
Analisa Massage Nana