Central Pattana, a leading retail and property development company, has unveiled ambitious plans to invest approximately $3 billion to broaden its mixed-use portfolio over the next five years.
Central Pattana’s proposed projects are poised to offer an innovative blend of retail, residential, office, and public spaces. These projects are strategically designed to cater to both urban and regional growth corridors, maximising their reach and potential impact.
The expansion will focus on both established and emerging business districts within Bangkok. Prominent regions such as the ‘Super Core CBD’ near CentralWorld and Silom-Rama IV will be targeted, alongside burgeoning zones in Rama 9 and Ladprao-Phahonyothin.
One of the cornerstone ventures of this ambitious expansion is a project aptly named the ‘City of the Future’. This project, planned to sprawl over approximately 120ha in northern Bangkok, aims to seamlessly integrate elements of sustainability, green spaces, and walkable urban design.
CEO Wallaya Chirathivat states, “Our model continues to generate sustainable traffic, tenant sales and long-term asset value, while contributing to broader economic ecosystems.”
Currently, Central Pattana manages a portfolio of 142 projects nationwide, drawing in more than 510 million visitors every year. By 2030, the company aspires to increase its mixed-use projects to 33, supporting over 1.5 million jobs and ensuring a consistent stream of rental income.
In addition to its Bangkok projects, the company has also declared plans to expand Central Phuket. The emphasis will be on the development of the luxury zone and the addition of roughly 10,000sqm of leasable space. The first phase is slated for completion in the fourth quarter of this year.
What is the scope of Central Pattana’s investment plans over the next five years?
Central Pattana intends to invest around $3 billion in the expansion of its mixed-use portfolio over the next five years.
What does the ‘City of the Future’ project aim to achieve?
The ‘City of the Future’ project aspires to integrate sustainability, green space, and walkable urban design into a large development in northern Bangkok.
What are the expansion plans for Central Phuket?
Central Pattana plans to expand Central Phuket by focusing on the luxury zone and adding approximately 10,000sqm of leasable space. The first phase of this expansion is set to open in the fourth quarter of this year.
