S partners with World Gym to lease 3,000 sq m at S-OASIS, opening in Q1 2570

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Summary · why it matters

Singha Estate Public Company Limited, or S, has signed an agreement with World Gym, a global partner, to open a new World Gym in Thailand within the S-OASIS project. Aoranee Poolkhwan, Chief Executive Officer of the Retail and Commercial Business Development Division at S, said that World Gym (Thailand) Co., Ltd. is leasing more than 3,000 square meters, with Knight Frank Thailand serving as advisor on the deal. The facility will officially open in the first quarter of 2570. The arrival of World Gym as a strategic tenant is part of the tenant mix management strategy for S-OASIS, helping to increase diversity in space usage, generate traffic outside working hours, and support recurring income alongside long-term growth in the value of the commercial real estate portfolio. John Caraccio, Chief Executive Officer of World Gym International, said that Thailand is a high-potential market for the fitness and wellness industry, and views S-OASIS as an especially suitable location. Panya Jenkitwattanalert, Partner and Head of Office Advisory at Knight Frank Chartered (Thailand) Co., Ltd., said that the non-CBD market continues to show positive trends, with Knight Frank reporting an occupancy rate of 80%.

Impact on assets 2

Energy Transition & Power Demand▲ · 1 stocks
Information Technology▲ · 1 stocks

Off-coverage companies 3

World Gym (Thailand) Co., Ltd.Private▲ Positive
Demandrelevance

World Gym (Thailand) is leasing over 3,000 sq m at S-OASIS to open a new fitness facility.

World Gym InternationalPrivate▲ Positive
Demandrelevance

World Gym International CEO cited Thailand as a high-potential market and S-OASIS as a suitable location for expansion.

Knight FrankPrivate± Mixed
relevance

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