Leicester City owners King Power could buy stake in incredible Bangkok building

[davieG]

The company which owns Leicester City Football Club could buy a substantial part of Thailand's second tallest building.

Duty free giant King Power, which has owned Leicester City since 2010, may acquire a large part of the MahaNakhon tower in Bangkok.

A King Power source has said the company has settled on a purchase deal with development company Pace, the Bangkok Post reports .

The source told the Bangok Post that King Power chief executive Aiyawatt Srivaddhanaprabha founded a new subsidiary, King Power MahaNakhon Co, last month with registered capital of 1 million baht. 

The unique looking skyscraper, which was completed in 2016, is the 88th tallest building in the world, at 1,030 ft.

There are 77 floors in the building, which is made up of apartments, shops, hotels, and an observatory.

The building has won several awards for design from numerous bodies.

King Power is said to have acquired the remaining units and the observation deck for more than 10 billion baht.

[TheLittleBigMan]

They seem to be buying up a lot of stuff at the moment. May have something to do with the fact they won't be allowed the airport monopoly they've had all this time. Comes to an end next year doesn't it? Also a pending corruption trial..

[Stadt]

A stake in the 88th tallest building in the world, you'll never have that.

[Wymsey]

Do they still have a court hearing into something over them, or has the case been dismissed?

Edited 11 April 2018 by Wymeswold fox

[yorkie1999]

I don't know whether its the light or not, but it looks like an aeroplane has hit it.

[Nick]

4 minutes ago, yorkie1999 said:

I don't know whether its the light or not, but it looks like an aeroplane has hit it.

I thought that.

[jonthefox]

That’s £226 million in proper money.

[StanSP]

1 hour ago, yorkie1999 said:

I don't know whether its the light or not, but it looks like an aeroplane has hit it.

 

1 hour ago, Swan Lesta said:

I thought that.

it's actually the building to the left, half-cropped. It's not the main fancy building everyone first sees...

[DJ Barry Hammond]

1 hour ago, yorkie1999 said:

I don't know whether its the light or not, but it looks like an aeroplane has hit it.

 

? they knew ?

[Silva Fox]

Only the 2nd tallest building, where's the ambition!

[davieG]

[Wymsey]

Some Americans could've find that design disrespectful, after a certain event 17 years ago..

Edited 11 April 2018 by Wymeswold fox

[chuck'em]

47 minutes ago, Wymeswold fox said:

Some Americans could've find that design disrespectful, after a certain event 17 years ago..

Oh come on, it's not like they've got the tail of a plane sticking out of it. Anyone offended my that is an idiot. 

[Clever Fox]

57 minutes ago, Wymeswold fox said:

Some Americans could've find that design disrespectful, after a certain event 17 years ago..

I don't think it's hard to see where the Architects may have got their inspiration.

[dynamark]

Why did they name their money after a character in the Simpsons(not Danny)

[yorkie1999]

2 hours ago, Wymeswold fox said:

Some Americans could've find that design disrespectful, after a certain event 17 years ago..

Or laugh at the misuse of Lego in the design process. I’m slightly concerned about what the ground expansions going to look like now if that’s regarded as a good looking building.

Edited 11 April 2018 by yorkie1999

[Grebfromgrebland]

If I went there I'd buy a steak too. These tall buildings normally have great restaurants.

Edited 11 April 2018 by Grebfromgrebland
Predictive text

[gw_leics772]

2 hours ago, yorkie1999 said:

Or laugh at the misuse of Lego in the design process. I’m slightly concerned about what the ground expansions going to look like now if that’s regarded as a good looking building.

 

[Aus Fox]

Can we stick it on the back post when defending corners?

[mozartfox]

14 hours ago, jonthefox said:

That’s £226 million in proper money.

Bang goes Wes’s 5 year contract extension.

[Bayfox]

15 hours ago, jonthefox said:

That’s £226 million in proper money.

That's a lot of money. Now I understand it's an asset on a portfolio. But I'd love to know how long it takes to see a return on your investment in terms of cash via rental income etc. If imagine a long while. What a world to live in.

[sylofox]

1 hour ago, mozartfox said:

Bang goes Wes’s 5 year contract extension.

Thank fvck for that.

[jonthefox]

6 hours ago, Bayfox said:

That's a lot of money. Now I understand it's an asset on a portfolio. But I'd love to know how long it takes to see a return on your investment in terms of cash via rental income etc. If imagine a long while. What a world to live in.

Isn’t it known as an appreciating asset. As in it doesn’t make a lot on a monthly basis but the value rises in time. Pretty much how they view us I suppose.

[Guest Chocolate Teapot]

On 11/04/2018 at 14:11, TheLittleBigMan said:

They seem to be buying up a lot of stuff at the moment. May have something to do with the fact they won't be allowed the airport monopoly they've had all this time. Comes to an end next year doesn't it? Also a pending corruption trial..

Almost like they're trying to tie up their money so that they can have a lesser fine.

Edited 12 April 2018 by Abrasive fox

[foxinsocks]

Ì wish they spend some time on the hiring of a manager rather than find the best of the bunch avaikabke when we have an unexpected vacancy