Central Pattana invests 120 billion Baht (Approximately USD 3.5 billion) to transform Thailand's retail landscape
BANGKOK, March 25, 2025 /PRNewswire/ -- Central Pattana Plc., Thailand's leading real estate developer for sustainability, celebrates its 45th anniversary with all-time high performance in every dimension— revenue, net profit, shareholder returns, dividend payouts —across its retail, residential, office, and hotel businesses. The company has unveiled its "Pioneering Growth & Beyond" vision, investing 120 billion baht (Approximately USD 3.5 billion) over five years (2025-2029) to develop a New CBD in Bangkok and mixed-use projects nationwide. This will drive the company's economic growth and elevate Bangkok and Thailand to global prominence.
The company plans to launch "The Central", located in Phaholyothin Rd. in Q4 2026, creating a new CBD in northern Bangkok. Spanning 49 rai with 460,000 square meters of retail space, this development will complement Central Ladprao, forming a new strategic commercial district.
This August, "Central Park" debuts as a landmark shopping destination within the world-class mixed-use development 'Dusit Central Park' in the heart of Bangkok, alongside "Central Park Offices," which offers premium workspaces with Lumpini Park views, attracting global firms.
With a vision to expand urbanization and drive nationwide economic growth, the company is advancing Thailand's most comprehensive mixed-use projects across all regions, set to open in 2025-2026: Central Northville – The largest mixed-use development in Nonthaburi; Central Khonkaen Campus – The province's second project, strategically located near educational and healthcare facilities; Central Chiangmai Airport – A 130-rai enhanced master plan featuring a Convention Hall, Tourist Hub, Multi-Generation Space, and the North's first Go Wholesale; Central Phuket – A 20,000 sqm luxury zone (3 billion baht investment); and Central Krabi – Opening October 2025.
Central Pattana, a trusted partner in growth, empowers brands with key insights and strategies to drive sales. As Thailand's top retail destination, its shopping centers have welcomed 80% of international marques for their first Thai stores and 50 flagship stores, with many achieving top sales rankings. Strengthening partnerships further, its "The 1 Biz" CRM program has successfully boosted participant sales by threefold.
By year-end, it will oversee 135 projects, including 30 Mixed-Use developments in 44 locations. Guided by "Imagining better futures for all," it has invested over 5 billion baht in communities. Committed to sustainability, the company targets Net Zero by 2050, reinforcing its leadership in Thailand's evolving urban landscape.
SOURCE CENTRAL PATTANA
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