The Office of Property Management, Chulalongkorn University, branded as PMCU, is an administrative department of

the university A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. ''University'' is derived from the Latin phrase ''universitas magistrorum et scholarium'', which ro ...

, responsible for managing its real estate portfolio, which include areas in Bangkok's city centre set aside as its

endowment Endowment most often refers to: *A term for human penis size It may also refer to: Finance *Financial endowment, pertaining to funds or property donated to institutions or individuals (e.g., college endowment) *Endowment mortgage, a mortgage to b ...

by its founder, King

Vajiravudh Vajiravudh ( th, วชิราวุธ, , 1 January 188126 November 1925) was the sixth monarch of Siam under the Chakri dynasty as Rama VI. He ruled from 23 October 1910 until his death in 1925. King Vajiravudh is best known for his efforts ...

. PMCU manages neighbourhoods and commercial areas including Siam Square,

Sam Yan Sam Yan ( th, สามย่าน, ) is the name of an intersection and its nearby neighbourhood in Bangkok, Thailand. It connects Rama IV Road with Phaya Thai and Si Phraya roads, and is located within Pathum Wan District, next to its border ...

and Suan Luang (on

Banthat Thong Road Banthat Thong Road in the area of Saphan Lueang at dawn Banthat Thong Road ( th, ถนนบรรทัดทอง, ) is a street in Bangkok. It runs from its junction with Rama IV Road at Saphan Lueang Intersection, through Pathum Wan and Ra ...

), as well as land leased to shopping malls and commercial developments such as MBK Center,

Chamchuri Square Chamchuri Square is a high-rise building complex located in Bangkok, Thailand. It consists of a commercial office tower, a residential tower and a podium housing a shopping mall which connects the two. Owned by Chulalongkorn University, construc ...

and

Samyan Mitrtown Samyan Mitrtown ( th, สามย่านมิตรทาวน์) is a mixed-use shopping, office, residential and leisure development located in Bangkok, Thailand. With a gross floor area of , the ฿9 billion complex comprises Samyan Mitr ...

History

The university began commercial real estate development in 1963, with the Suan Luang and

neighbourhoods surrounding the university. The development of Siam Square into a retail area followed in 1964. The precursor to PMCU was established as a bureau in 1968, and it was reorganised as an administratively independent department in 1973. In the 2010s, PMCU undertook extensive re-development of the Suan Luang and Sam Yan areas, prompting criticism of gentrification at the expense of old neighbourhoods and cultural sites.

References

Chulalongkorn University University departments in Thailand Real estate companies of Thailand {{Thailand-stub