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'sleading 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, investing120 billion baht(ApproximatelyUSD 3.5 billion) over five years (2025-2029) to develop a New CBD inBangkokand mixed-use projects nationwide. This will drive the company's economic growth and elevateBangkokandThailandto global prominence.

The company plans to launch"The Central", located in PhaholyothinRd.in Q4 2026, creating a new CBD in northernBangkok. 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 ofBangkok, 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 advancingThailand'smost 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 bahtinvestment); andCentral Krabi– OpeningOctober 2025.

Central Pattana, a trusted partner in growth, empowers brands with key insights and strategies to drive sales. AsThailand'stop 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 over5 billion bahtin communities. Committed to sustainability, the company targets Net Zero by 2050, reinforcing its leadership inThailand'sevolving urban landscape.

SOURCE CENTRAL PATTANA