Financial Times FT.com

FOCUS ON THAILAND: Legal loophole set to close

By Amy Kazmin in Bangkok

Published: April 17 2007 12:59 | Last updated: April 17 2007 12:59

I n the heart of Bangkok – at the junction of the city’s two different mass transit systems – stands Exchange Tower, a high-end retail and office complex with a façade reminiscent of a 1920s-era, Art Deco-style building.

The 6,000 sq m of retail space is filled primarily with True Fitness, a massive gymnasium. The 35,000 sq m of Grade A office space is about 70 per cent leased out to clients, including Bristol-Myers Squibb, the pharmaceutical company, and Japan’s Fujitsu.

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