CEO SUITE, a serviced-office provider, has invested US$ 2.5 million to open a center in Bangkok, selling outsourced office space services to international firms doing business in Thailand. The centre is its 10th in the region.
The company has a contract for a seven-year lease for an area on the 23rd floor of Athenee Tower, which is owned by TCC Capital Land. The entire area is 2,000 square meters which is divided into 53 office rooms, a conference room and reception area, said CEO SUITE president and owner Mee Kim.
Kim, a South Korean who has more than 20 years’ experience in this field, believes business people nowadays prefer outsourced offices rather than building by themselves because they want more convenience and time to concentrate only on their businesses.
The company has a senior management team with at least 20 years’ experience in the serviced-office business, and will provide office staff, including accountants, lawyers, IT specialists, secretaries and receptionists.
Kim mentioned that Bill Gates of Microsoft had chosen to outsource his company office. Besides Microsoft, Exxon Mobil, Dell Computer, Prada and BMW are examples of companies that prefer outsourced offices, she added.
“We will make customers feel easier about having offices and doing business in Thailand. We can provide business research if they want. I have strong belief that this is the trend of doing business aboard. This way makes them feel it is easy to do business in Thailand and if they want to move out, it will not be complicated for them”, she said.
The firm has furnished and decorated the entire office area as well as set up the most technologically advanced infrastructure. At present, 20 per cent of the rental areas are occupied. Kim said.
“Three international firms have leased our office areas. I have received a good response from clients, so I expect to rent out the entire office space within six months,” she said.
Kim expects to generate revenue of $2 million per year doing business in Thailand and $20 million from all branches in Asia, including Jakarta, Singapore, Kula Lumpur, Shanghai, Beijing and Manila. She estimates it will take at least seven years to reach break-even point in Thailand.
The company is also looking to open centers in Vietnam and Dubai.