Central Pattana Public Company Limited (CPN) is hoping to help push Thailand further along the line into becoming the regional shopping hub of ASEAN after last month announcing eight new landmark shopping destination projects.
With a total value of over 53 billion baht, the eight developments include six new shopping hubs: Central WestGate, Central Plaza Rayong, Central Festival East Ville, Central Plaza Nakhon Si Thammarat, Central Plaza Nakhon Ratchasima, and Central Phuket shopping centers plus the newly transformed Central Plaza Pinklao and Central Plaza Bangna. The new projects will increase CPN’s nationwide portfolio to 31 shopping malls with a total retail space of over 7 million square meters.
Central Westgate will be one of eight new retail shopping developments opened by CPN over the next 3 years.
Preecha Ekkunagul, President and CEO of CPN, stated: “Over the past 34 years, CPN has been continuously developing the foundation of retail business in Thailand to reach global standards and creating new experiences for the modern lifestyle. Our aim is to take Thailand towards the goal of becoming the ASEAN regional shopping hub and become a ‘shopping paradise’ for both Thai people and tourists from around the world. These new projects will emphasize the eminence of CPN as a market leader of retail property development in Thailand and the region.”
The eight retail developments are due to open between 2015 and 2017.