Mitihoon – Bangkok – Central Pattana Plc., Thailand’s leading real estate developer for sustainability, has further reaffirmed the success of its business model, ‘The Ecosystem for All,’ by announcing its vision, ‘Pioneering Growth & Beyond.’ This vision aims to strengthen its business with a Retail-Led Mixed-Use Development strategy, investing 120 billion Baht over the next five years (2025-2029). Focused on developing Mixed-Use projects across all regions and transformation projects to enhance the potential of various areas, will be a driving force to the company’s economic growth and propelling Bangkok and Thailand to global prominence.
Ms. Wallaya Chirathivat, President & CEO of Central Pattana Plc., stated: “For the past 45 years, Central Pattana’s commitment to growing alongside our customers, partners, employees, and communities nationwide have been achieved through the development of Retail-Led Mixed-Use Development that focusses on four key areas: Best Location, Best Catchment Analysis, Best Master Planning for seamless integration, and Best Partners who bring expertise to the table. Last year, the company recorded an all-time high across all dimensions and businesses, including Retail, Residential, Hotel, and Office sectors.’
Setting aside an investment of over 120 Billion Baht as part of its 5-year plan from 2025 to 2029, Central Pattana aims to elevate Bangkok and Thailand to greater global standards, and plans to invest in the development of Mega Projects, as well as other new projects nationwide. This will kick off with the opening of the ‘Central Park’ project this year. In 2026, three new projects are set to launch, spearheaded by the ‘The Central’ mega project in Phaholyothin, which will establish a new CBD in Bangkok to address the rapidly growing demand. These include ‘Central Northville,’ the largest Mixed-Use development in the heart of Nonthaburi, and ‘Central Khonkaen Campus,’ further expanding the company’s portfolio and market presence. In the pipeline are mega projects in areas such as Rama 1, Rama 9, Ploenchit, and more.
By the end of this year, the company will undertake a total of 135 projects across all business sectors, 30 of them Mixed-Use projects out of 44 potential locations. Retail projects set to launch in 2025 include the ‘Market Place Theprak’ community mall opening on March 28, ‘Central Park’ together with ‘Central Park Offices,’ set to open in August, and ‘Central Krabi,’ set to open in October.
Mega Project ‘The Central’ Phaholyothin – New CBD in the Northern Part of Bangkok Attracts New Demand
Mr. Chanavat Uahwatanasakul, President, Retail and Development of Central Pattana Plc., stated, “Central Pattana has been a pioneer in the development of Centres of Life nationwide. In the next few years, we plan to continuously launch our mega projects, including ‘The Central’ in the Phaholyothin area, which is set to become The Future Place for All. Located on over 49 rai of land with a retail space (GBA) of 460,000 square meters, it will grow alongside Central Ladprao, the first mixed-use development and a landmark of the area. With 45 years of experience since the establishment of our company, we have gained a profound understanding of our consumers. Currently, due to the increasing population density, this area has become a gateway attracting new demand from Bangkok’s northern catchment area. We see this as a solid opportunity to complete and enhance the area’s prosperity with two Central shopping centers. ‘The Central’ Phaholyothin, scheduled to open in Q4 of 2026, will be a landmark similar to CentralWorld, where global brands will open their flagship stores as they enter the Thai market. Additionally, we have further development plans in the pipeline to continue driving growth in the district.
‘Central Park’ Brand Lineup Receives Excellent Response, Set to Open This August”
‘Central Park,’ a much-awaited shopping center masterpiece located at the most prestigious address in the heart of Bangkok under concept ‘Here for Bangkok’, located on 23 rai of land with a retail space (GBA) of 130,000 square meters., is set to open in August. The center is nearly fully occupied by over 230 global brands, including First-Time-in-Thailand brands and new concept stores. Notably, the Inditex Group fashion brands under its umbrella are expanding, along with High-Street & Bridge-Line brands, prestigious cosmetic brands, and a complete range of global sports destination brands. Furthermore, the Food Kingdom at Central Park will feature seven brands from the Thai Iberry Group, along with a wide selection of Michelin Street Food and exclusive, never-before-seen restaurant concepts.
‘Central Park Offices’ will be the most advanced office building that brings you close to nature, offering breathtaking all-day views of Lumphini Park from the best angles. Designated to be The Future Work/Life for Global Visionaries, the office spaces have received strong interest from leading companies across various sectors, including global tech and innovation firms, pharmaceuticals, biotech, and logistics. The building’s lifestyle offerings connect retail spaces, a rooftop park, and exclusive privileges throughout the Mixed-Use development. The first-year target for the office building’s occupancy is 80%.
Advancing the Most Complete New Mixed-Use Project with a Total Transformation Across All Regions
The new ‘Central Northville’ is set to become the largest Mixed-Use development in the heart of Nonthaburi, located on the former site of Central Rattanathibet. Spanning 59 rai of land, with a retail space (GBA) of 210,000 square meters, this project stands out with its Biophilic Design concept, bringing nature into the building and creating an outdoor-in-indoor atmosphere. The project will feature socialized, multi-generation, community spaces, as well as pet-friendly areas, and will support the expansion of both renowned and global brands.
In addition, Central Pattana will leverage the synergy of its various business units under Central Group to meet the diverse needs of the area, offering Family & Edutainment, Food, Sports & Wellness destinations. The project is expected to open in Q2 of 2026.
‘Central Khonkaen Campus’ Mixed-Use Project: The Second in Khonkaen, known for its a High-Purchasing Power in a Strategic Location Near Key Educational and Hospital Facilities
The ‘Central Khonkaen Campus’ is the second Mixed-Use project in Khonkaen, a province known for its high purchasing power, located in a prime area for education and important health facilities. The project spans 30 rai of land, with a retail space (GBA) of 67,000 square meters. It is designated as ‘The New Dimension of Lifestyle,’ designed to meet urban lifestyles while incorporating local wisdom to reflect the pride of the province. The project is set to open in Q2 of 2026 and will feature a residential condominium development as well as the first GO! Hotel in the Northeast.
‘Central Chiangmai Airport’ Enhanced Master Planning with New Developments
‘Central Chiangmai Airport’ has elevated its master plan on a 130-rai plot, with a retail space (GBA) of 173,000 square meters. The project will feature Muji’s first flagship store along with new brands to enhance variety in its offerings. Additionally, the indoor local market, Kad Luang, will be expanded threefold, covering a total area of almost 10,000 square meters. The development will also include a ‘Hug Craft & Northern Village’ area to attract tourists opening in Q2 2026. Other features of this Mixed-Use project include a Convention Hall, Tourist Hub, Multi-Generation Space, and the first Go Wholesale in the North.
Southern Thailand: Expanding the Success of ‘Central Phuket’ as a World-Class Tourist Destination
In the South, the success of ‘Central Phuket’ as the only luxury mall outside of Bangkok is being expanded to enhance Phuket’s potential as a World-Class Tourist Destination. This includes the Floresta and Festival shopping centers, with a total GBA of 400,000 sqm, along with residential projects. Additionally, a 20,000 sqm luxury zone expansion will be developed with an investment of 3 billion Baht, bringing the total project value, including mixed-use developments, to over 23 billion Baht. The first phase of the expansion is set to open in Q3/2026. In October 2025, ‘Central Krabi’ will open, further boosting the potential of this world-renowned tourist city, becoming a model center for sustainable and mindful travel alongside the city.
Transformation Projects Redesign Key Locations to Meet the Needs of an Affluent Demographic with Increased Purchasing Power
Central Pattana is transforming key locations to create new magnet destinations that cater to an affluent demographic who will enjoy the best in Fashion, Food Hubs, Family & Edutainment in each area. These projects are designed to attract both key anchor brands and new brands, including:
– Central Pinklao – New Soul of the District: Opening in Q3, 2025, it will serve as the central hub of the Thonburi area, where the population is growing and purchasing power is increasing.
– Central Chaengwattana – The Life Extraordinaire: Opening in Q4, 2025 in an area that is fast developing into a central office hub with high-income families and a thriving expat community.
– Central Bangna – Life Well Lived: Opening in Q3, 2026: Offers the best for the Bangna area, which is home to luxury residential developments, a high standard of living and high purchasing power. The project’s master plan has been revamped, expanding the Mixed-Use project across 50 rai of land. This represents the total transformation of the area, which has undergone significant changes over the past 30 years.
Ms. Naparat Sriwanvit, CFO and President, Hotel and Office of Central Pattana Plc., stated, “Last year, the company achieved an All-Time High in every dimension, with total revenue of 51,843 million Baht and a net profit of 16,729 million Baht, delivering high returns to shareholders. We also attracted All-Time High traffic, with over 500 million visits per year, including 67 million tourist visits to Central shopping centers annually. The Non-Retail business has also been successful, with growth in both horizontal and vertical residential projects. Condominiums located within Central shopping centers have become highly popular, with developments such as Essent in Nakhon Sawan, Nakhon Pathom, and Nakhon Si Thammarat selling out quickly, while the Hotel business continued to expand, opening Hilton Garden Inn Rayong and moving forward with the continued opening of GO Hotels. Furthermore, the Office business remains strong, with an occupancy rate of 90% at the end of last year.”
Central Pattana has established itself as a trusted partner, committed to growing alongside its partners. The company’s senior management team led by Dr. Nattakit Tangpoonsinthana, Chief Marketing Officer, and Mr. Isareit Chirathivat, Head of Leasing – Fashion & Luxury of Central Pattana Plc., offer key insights and strategies to drive sales and ensure the success of their partners. Accordingly, Central shopping centers have become Thailand’s largest retail destination for shoppers seeking global brands, with 80% international marques opening their first stores in Thailand as well as 50 flagship stores. Many have achieved top sales rankings with Central Pattana.
Another significant achievement in managing partner relationships is strengthening the business through ‘The 1 Biz’, a successful CRM tool. Recently, participants in the program saw threefold sales growth rates. Last year, ‘The 1’ members redeemed over 300 million points at participating stores, with the highest points redemption bill reaching 3.4 Million Baht. Additionally, to further improve the overall customer journey, the company has enhanced access to customer insights and elevate the customer experience through the ‘Central X’ application.
Central Pattana plc is moving forward into the future under the brand’s vision of “Imagining better futures for all.” Over the past 45 years, the company has contributed more than 5 Billion Baht to support society and communities, including infrastructure, public spaces, and educational opportunities. In terms of the environment, we are advancing towards Net Zero by 2050, having been ranked DJSI Best-in-Class for seven consecutive years. We are also the first real estate company to issue a “Green Bond”, where every one of our shopping centers feature Solar Rooftops and EV Charging Stations. Additionally, we are driving the Green Partnership project to reduce greenhouse gas emissions in collaboration with our retail partners.
ติดตามช่องทางมิติหุ้นเพื่อรับข่าวสารตลาดทุนได้ตามลิงค์ด้านล่าง
Web : https://www.mitihoon.com/
Facebook : https://www.facebook.com/mitihoon
Youtube : https://www.youtube.com/@mitihoonofficial7770
Tiktok : www.tiktok.com/@mitihoon
