CPN invests 1.35 billion baht to expand mixed-use to 30 cities, with a 5-year revenue target of 7 billion baht, lurking in mega projects to push Bangkok to the level of New York.
Ms. Wallaya Chirathivat, President and Chief Executive Officer Central Pattana Public Company Limited or CPN revealed that 5-year strategy (2566-2570) CPN invests 135,000 million baht, averaging 25,000-35,000 million baht per year, with all businesses combined totaling more than 200 projects, covering 30 cities in Thailand and ASEAN, consisting of:
- 50 shopping centers
- 17 community malls
- 90 residences
- 37 hotels
- 13 office buildings
- 4 more Flex Offices
Mega mixed-use 20,000 million baht/place around Bangkok-metropolitan area
Major investment plans focus on retail Mixed-use projects 70%, the remaining 30% are residences and non-retail. The key highlight is the construction of 5 mixed-use mega projects worth not less than 20,000 million baht/place. The usable area is 350,000 sq m., as large as Central World, with the intention of being located in Bangkok and surrounding areas. To push Bangkok to be a city of spotlights Compare to world-class metropolises such as New York, Tokyo, and Seoul.
In total there will be 5 major projects, 4 of which will be joint venture models with partners. The preliminary project that has already been revealed is Dusit Central Park, worth 46,000 million baht, jointly with the Dusit Thani Group. It consists of a shopping center, offices and a hotel.
Another area that is currently being processed is land in the Phahon Yothin area. The plot next to the BTS near Central Ladprao will also be one of the five mega mixed-use projects.
Carpeting the shopping center, renovating it, pushing sales over 5 million baht in 70,000 years.
In 2566-2567, CPN is preparing to launch several projects as follows:
- Central Westville opens on October 27, 2566 with an investment budget of over 6,200 million baht.
- Central Nakhon Sawan opens Q1/2567, investment budget 5,800 million baht.
- Central Nakhon Pathom opens Q2/2567, investment budget 8,200 million baht.
- Central Krabi, investment budget 4,500 million baht, opening during Q4/2567, mixed-use tourist city, which will be The New Gateway to Southern Paradise located in the heart of the city. It consists of shopping centres, residences and hotels.
Including expanding and renovating the original shopping center area. To ensure that the assets on hand do not deteriorate and are always up to date. This year, Phase 2 will be expanded to Central Westgate, Nonthaburi Province by another 20,000 sq m through the renovation of the parking lot into shops. and build an additional parking building to replace the missing part. Under a budget of 650 million baht
After previously adding a hall and filling the Centara Hotel in Central Go to Ubon Ratchathani Supports the demand for organizing parties Prepared to launch in June 2566.
In addition, they plan to adjust other places such as Central Marina, Central Pinklao, Central Chaengwattana, Central Khon Kaen.
“From the investment plan for many businesses, CPN aims to push its income to expand at least 10% per year, with the hope that within the next 5 years, CPN will have an income of 70,000 million baht/year, but initially in 2566, it is set Grow income 20% from 2565, make total income 37,155 million baht, increase 28%, profit 10,760 million baht, grow 51% compared to 2564.”
Rebranding community mall
Community mall business Launch of the big project Marché Thonglor, total project value 2,000 million baht (Soft Launch 26 Mar. 66) as the Flagship of Community mall and New Landmark, the largest and most complete in the heart of Thonglor. Group with high purchasing power
In addition, it will develop the current project at Nawamin City and renovate 4 locations this year, such as Market Place Nanglinchi, Big C Ekkamai, to become CPN's Marketplace brand (no brand name yet).
As for the residential business, a total of 7 new projects have been launched with a total project value of over 9,000 million baht, including 3 condominium projects: ESCENT Phetchaburi, Buriram and Nakhon Si Thammarat. and 4 horizontal projects, namely Baan Nirat, Nakhon Si Thammarat and new brands Baan Nirada Rama 2, Utthayan and Ekachai in Bangkok It is expected that by 2570 it will cover 27 provinces.
Bringing in 3 brands to target customers, setting up Go Fighting Brand, starting price 990 baht
Hotel business highlights Central Pattana's expertise in developing potential locations and reaching customers across the country. Ready to raise the standard of staying in hotels and answer all travel purposes. In 2566, all 3 brands will open hotels and there will be a total of 10 hotels with 1,600 rooms. New projects set to open this year include:
- Centara Brand: Upscale Full-Service preparing to open Centara Ubon and Centara Ayutthaya
- Centara One: Lifestyle Midscale brand is preparing to open its first location, Centara One Rayong.
- Brand GO! Hotel: Premium Budget Hotel and Pet-Friendly, preparing to open at Robinson Ban Chang, Central Sriracha and Central Chonburi, focusing on the EEC zone. Affordable prices, starting at 990 baht/night.
