Property Management Office, Chulalongkorn University
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The Office of Property Management, Chulalongkorn University, branded as PMCU, is an administrative department of the university, responsible for managing its real estate portfolio, which include areas in
Bangkok Bangkok, officially known in Thai language, Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estim ...
's city centre set aside as its endowment by its founder, King
Vajiravudh Vajiravudh (1 January 188126 November 1925) was the sixth Monarchy of Thailand, king of Siam from the Chakri dynasty, titled Rama VI. He reigned from 1910 until his death in 1925. King Vajiravudh is best known for his efforts to create and pro ...
. PMCU manages neighbourhoods and commercial areas including
Siam Square Siam Square (, ) is a shopping and entertainment area in the Siam area of Bangkok, Thailand. The square is located at the corner of Phayathai Road and Rama I Road and is owned by Chulalongkorn University, managed by its Property Management Of ...
,
Sam Yan Sam Yan (, ) 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 with Bang Rak. The neighb ...
and Suan Luang (on
Banthat Thong Road file:Banthat Thong Road.jpg, Banthat Thong Road in the area of Saphan Lueang at dawn Banthat Thong Road (, ) is a street in Bangkok. It runs from its junction with Rama IV Road at Saphan Lueang Intersection, through Pathum Wan District, Pathum Wa ...
), as well as land leased to shopping malls and commercial developments such as
MBK Center MBK Center (), previously known as Mahbunkhrong Center (, , ), is a large shopping mall in Bangkok, Thailand. At eight storeys, the center contains around 2,000 shops, restaurants and service outlets. In 2009, MBK Center management reported d ...
,
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, constru ...
and
Samyan Mitrtown Samyan Mitrtown () 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 Mitrtown Mall, Mitrtown Office Tower, Triple Y Residence a ...
.


History

The university began commercial real estate development in 1963, with the Suan Luang and
Sam Yan Sam Yan (, ) 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 with Bang Rak. The neighb ...
neighbourhoods surrounding the university. The development of
Siam Square Siam Square (, ) is a shopping and entertainment area in the Siam area of Bangkok, Thailand. The square is located at the corner of Phayathai Road and Rama I Road and is owned by Chulalongkorn University, managed by its Property Management Of ...
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