The master lease for Nana Plaza is as good as sold. Negotiations are complete and the master lease will be taken over by a group which owns and manages a number of popular Bangkok bars, including gogos and expat pubs. The group has a strong foothold in the industry with bars across different genres, so the Nana Plaza we know will continue!
Expect rents to go up which has to be a good thing. Higher rents means higher prices in the bars. To convince punters to part with more of their hard-earned, the bars will have to invest and look to be more innovative.
Ultimately we should see an improved Nana Plaza with nicer bars, possibly a premium product at a premium price.