Connect with us

Corporate

Central Pattana property developer is looking Asia-wide

Published

on

Central Pattana Plc (CPN), the SET-listed property developer under the Central Group of Companies, has set its sights on becoming a regional retail property developer by 2015. “Over the next five to six years we aim to have at least two or three shopping complexes overseas,” said Naris Cheyklin, senior executive vice-president for finance and accounting.

He added that the business deal between Central Pattana and a Chinese landlord is expected to be sealed in the next few months.

The first retail project in China will cover 300,000 square metres and involve an investment of 6 billion baht, comparable to that of the Central Chaeng Watthana branch.

Mr Naris insisted that the first project in China would be opened in 2012.

via CPN looking Asia-wide.

Over 28 successful years, CPN has evolved into Thailand’s largest and most sophisticated developer of retail property. Currently the Company owns and manages 10 premium shopping centers, five office buildings and two residential condominiums. With a total gross floor area (GFA) exceeding 1,460,000 squaremetres, CPN is undoubtedly the industry leader surpassing its closest competitor by more than double in size.

CPN is the leading developer, manager and investor of retail and commercial properties in Thailand. In operation for more than 25 years, CPN today owns and manages 10 premium shopping centers, five office buildings and two residential condominiums with total gross floor area of over 1.5 million sqm. CPN is also the property manager and largest shareholder in Thailand's largest listed property fund, CPN Retail Growth Property Fund (CPNRF).

The pace of development has intensified during the past seven years. Today’s CPN opens, on average, one new shopping center each year and plans to continue this strong rate of growth into the foreseeable future. In 2007, CPN annouced four exciting new projects, due to be completed by 2009 : CentralPlaza Chaeng Wattana, KaonKaen, Chonburi and CentralFestival Pattaya beach.

The Company’s long-term strategy envisages the development of its trademark shopping centers in well-identified locations offering high potential both in Bangkok and in major cities throughout Thailand. Its next challenge is to move overseas, exporting its retail property expertise to neighboring countries through the development of innovative World class shopping centers in strategic markets.

Property Overview

Retail
Office
Number of Shopping Centers: 10 Number of Offices 5
Total leasable area (sqm): 697,038 Total leasale area (sqm): 144,791
Number of Tenants: 3,031 Number of Tenants: 261
1 Comment

Leave a Reply

Corporate

Thai Government Launches “Factory Sandbox” Scheme to Protect 3 Million Jobs

The plan will focus on plants which employ at least 500 people and will build confidence among both Thai and foreign investors at a time when supply chains in rival countries are shutting down.

Published

on

BANGKOK (NNT) – Thailand’s government has launched a pilot “Factory Sandbox” program to test, vaccinate and isolate factory workers, with the aim of limiting COVID-related disruptions to Thailand’s important export-driven manufacturing sector.

(more…)
Continue Reading

Corporate

The environmental case for remote working

Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.

Published

on

During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?

(more…)
Continue Reading