Connect with us

Corporate

Central Pattana property developer is looking Asia-wide

Boris Sullivan

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
Comments

Corporate

Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam

The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.

Pr News

Published

on

By

Asset World Corporation (AWC) has launched the region’s largest wholesale hub in the Pratunam area of Bangkok, housed in the old Pantip Plaza tech mall.

(more…)
Continue Reading

Business

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Pr News

Published

on

By

Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

(more…)
Continue Reading

Corporate

Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval

With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.

Olivier Languepin

Published

on

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval  for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,608 other subscribers

Trending