The Thailand-based retail property developed has announced plans to invest $3.6bn over the next five years, with the intention of opening more shopping centres, residential projects and hotels.
Central Pattana is a listed subsidiary of the Central Group, which is controlled by the Chirathivat family, and has plans to increase its number of shopping centres from 32 to 50, its residential projects from 22 to 68, its office buildings from 10 to 13 and its hotels from two to 37.
The company made the announcement regarding its expansion this week in conjunction with its green energy plans, with President and CEO Wallaya Chirathivat announcing that the company will strive to create a ‘strong and sustainable ecosystem for the people and the planet.’
“We will connect all four of our project types, with a retail-led mixed-use business strategy. All will help raise the quality of life in various aspects, such as shopping, working, staying, playing, and living,” said Chirathivat.
