Central Pattana

Central Pattana Public Company Limited (Thai: เซ็นทรัลพัฒนา จำกัด (มหาชน), IPA: [sentʰran pʰáttʰánaː]) is Thailand's largest retail property development and investment company. It is a business unit under its parent, the Central Group. Central Pattana was founded as Central Plaza Co., Ltd. on 17 June 1980 with registered capital of 300 million baht by Central Group, the Tejapaibul family, Saha Union Group, and minor shareholders.[4] The company was registered as a public limited company in 1994 and was listed on the Stock Exchange of Thailand (SET) on 1 March 1995.[1] Ms. Wallaya Chirathivat is president and CEO.[5]: 248–249 

Central Pattana
เซ็นทรัลพัฒนา
TypePublic
SET: CPN
Industry
FoundedJune 17, 1980 (1980-06-17) [1]
FounderCentral Group
HeadquartersThe Offices @ Central World, 31st Fl, 999/9 Pathum Wan, Bangkok, Thailand
Area served
Southeast Asia
Key people
  • Wallaya Chirathivat, CEO
ProductsRetail-led mixed use development (shopping centers, residences, offices, and hotels)
Revenue24,840 million baht (2021) [2]: 13 
30,398 million baht (2021)
Total assets263,421 million baht (2021)
Total equity82,075 million baht (2021)
OwnerCentral Holdings
Chirathivat Family
Number of employees
3,561[2]: 91 
ParentCentral Group[3]
Websitewww.centralpattana.co.th/en/

Properties

Central Pattana currently operates 36 shopping centers, with a total leasable area of 1.9 million m2 (15 projects in Bangkok and perimeter, 20 projects in provincial Thailand and 1 project in Malaysia), a super-regional mall under a joint-venture and 18 community malls. In addition, the company operates 32 food courts, 10 office buildings, 2 hotels, 22 residential projects.

Central Village, the first luxury outlet in Thailand, opened on August 31, 2019 and is located near Suvarnabhumi Airport and is 30-45 minutes from Bangkok CBD. It is a joint venture between Central Pattana Plc. and Mitsubishi Estate (Thailand) Co. Ltd., a subsidiary of global real estate Mitsubishi Estate Co. Ltd.

Central i-City, in Shah Alam, Selangor, Malaysia, is Central Pattana’s first overseas full-scaled Thai shopping center in Malaysia. This underscores Central Pattana as a leader by creating a ‘New Shopping Experience’ and a ‘Center of Life’ in the ASEAN region. This is a joint-venture project between Central Pattana and i-Berhad (the owner of i-City project). The project is located within i-City Ultrapolis, a grand lifestyle hub in Shah Alam.

Retail-Led Mixed-Used Development

All elements of Central Pattana, including shopping centers, residential projects, office buildings and hotels, will join forces to deliver a seamless experience. In the next five years or in 2022-2026, the company will have 50 shopping centers in Thailand and overseas, 16 community malls (under the feasibility study), 68 residential projects, 13 office buildings, and 37 hotels, spanning across over 30 provinces and overseas. More than half of these are parts of mixed-use development projects, of which the shopping centers will be the key component while consistently expanding other businesses, as well.

Business Direction

Central Pattana's business direction for 2023 is to continue opening new projects as planned, including Central WestVille, which is scheduled to open in the October 27, 2023, Central Nakhon Sawan, scheduled to open in the first quarter of 2024, Central Nakhon Pathom, scheduled to open in the second quarter of 2024, and Central Krabi, which is scheduled to open in the fourth quarter of 2024. In addition, Central Pattana was announced for 5 mega mixed-used development project in Bangkok, starting with Dusit Central Park, which is a co-development project between Central Pattana and Dusit Thani plc, will gradually welcome customers from 2023-2024 onwards. Each project will have gross floor area more than 350,000 sqm. and use 20,000 million baht of capex.

References
  1. Stock Exchange of Thailand (23 August 2011). "Company Summary". Archived from the original on 4 March 2016. Retrieved 21 November 2011.
  2. "CPN Annual Report 2014" (PDF). CPN Property Development & Investment. Retrieved 25 November 2015.
  3. Stock Exchange of Thailand. "CPN - Major Shareholders". Stock Exchange of Thailand. Retrieved 31 May 2012.
  4. "History". CPN. Archived from the original on 26 April 2016. Retrieved 16 April 2016.
  5. CPN Annual Report 2015 (PDF). Bangkok: CPN. 2016. Archived from the original (PDF) on 24 April 2016. Retrieved 16 April 2016.
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