Thai retail property developer Central Pattana Plc (CPN) has announced that they will be injecting US3.1 billion to renovate five major or new projects in Thailand and overseas over the next five years.
"In the era of digital disruption currently happening around the world, the only way to survive is to adapt… Our new vision for the next five years is to 'Co-Create Center of Life' making CPN's shopping centres as destinations for all, where everyone can live life. The important pieces of the jigsaw are all our business partners and tenants that will co-create these new things for business success and sustainable growth,” said Preecha Ekkunagul, president and CEO of CPN.
The five projects that will complete within two years include Central I-City near Kuala Lumpur, Malaysia; CentralWorld, which will be launched in November 2018; Central Phuket, which will open this September and offer a 3D-walkthrough theme park and Thailand’s largest aquarium; CentralPlaza Ayutthaya in the world-heritage city by December 2019; and Central Village, the first international retail outlet in Thailand.
CPN currently has 32 shopping centres in Thailand.