Retail and property developer Central Pattana Plc (CPN) plans to devise four more mega mixed-use projects over the next five to 10 years, both via joint ventures and through its own investment.
Wallaya Chirathivat, the company’s president and chief executive, said the four projects would be developed on plots of land covering at least 25 rai per project.
Each project will have a total gross floor area of more than 350,000 square metres and an investment budget of more than 20 billion baht.
The company owns the plots on which to develop its mixed-use projects within Bangkok and surrounding provinces, with one or two expected to be announced this year, including one at the area close to Magic Land on
Phahon Yothin Road.
“The projects can potentially elevate Bangkok to world-class status, on par with great cities such as New York, Tokyo and Seoul,” said Ms Wallaya.
CPN began developing its first mega-mixed use project over the past 6-7 years with the Dusit Central Park project, a joint venture with Dusit Thani Group which is scheduled to open between 2024 and 2025.
Of the four new mega mixed-used projects to be developed in the future, three would be via joint ventures and one project would be developed solely through the company’s own investment.
Source: Bangkok Post