Singha Estate Leases 3,000 sq m to World Gym at S-OASIS, Opening in Q1 2027

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Summary · why it matters

Singha Estate Public Company Limited, or S, has signed a lease agreement for more than 3,000 square metres with World Gym (Thailand) Co., Ltd. to develop a new World Gym location in Thailand within the S-OASIS office building. Knight Frank Thailand acted as advisor on the deal, and the facility will officially open for service in the first quarter of 2027. Chairat Sivapornpun, Chief Executive Officer of Singha Estate, is leading the effort to add value to the S-OASIS office building through this partnership with a global brand. Meanwhile, Ornanee Poolkhwan, Chief Executive Officer of the Retail and Commercial Business Development line, said World Gym will become a strategic tenant that strengthens the S-OASIS ecosystem and forms an important part of the tenant mix strategy, with the wellness space of more than 3,000 square metres filling out S-OASIS as a work-life destination. John Caraccio, Chief Executive Officer of World Gym International, said Thailand is a high-potential market for the fitness and wellness industry and that S-OASIS is an extremely suitable location. Panya Jenkitwattanalert, Partner and Head of Office Advisory at Knight Frank Thailand, said the non-CBD market continues to show positive trends, with Knight Frank reporting an occupancy rate of 80%.

Impact on assets 1

Energy Transition & Power Demand▲

Off-coverage companies 3

World Gym (Thailand) Co., Ltd.i
Private▲ PositiveDemandrelevance

World Gym (Thailand) signed a lease to open a new 3,000+ sq m location at S-OASIS in Q1 2027.

Knight Franki
Private± Mixedrelevance

Knight Frank acted as advisor on the lease deal and reported 80% occupancy, but no financial impact on Knight Frank is stated.

World Gym Internationali
Private± Mixedrelevance