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Central Pattana invests 120 billion Baht (Approximately USD 3.5 billion) to transform Thailand's retail landscape

Business

Central Pattana invests 120 billion Baht (Approximately USD 3.5 billion) to transform Thailand's retail landscape
Business

Business

Central Pattana invests 120 billion Baht (Approximately USD 3.5 billion) to transform Thailand's retail landscape

2025-03-25 17:08 Last Updated At:17:25

BANGKOK, March 25, 2025 /PRNewswire/ -- Central Pattana Plc., Thailand's leading real estate developer for sustainability, celebrates its 45th anniversary with all-time high performance in every dimension— revenue, net profit, shareholder returns, dividend payouts â€”across its retail, residential, office, and hotel businesses. The company has unveiled its "Pioneering Growth & Beyond" vision, investing 120 billion baht (Approximately USD 3.5 billion) over five years (2025-2029) to develop a New CBD in Bangkok and mixed-use projects nationwide. This will drive the company's economic growth and elevate Bangkok and Thailand to global prominence.

The company plans to launch "The Central", located in Phaholyothin Rd. in Q4 2026, creating a new CBD in northern Bangkok. Spanning 49 rai with 460,000 square meters of retail space, this development will complement Central Ladprao, forming a new strategic commercial district.

This August, "Central Park" debuts as a landmark shopping destination within the world-class mixed-use development 'Dusit Central Park' in the heart of Bangkok, alongside "Central Park Offices," which offers premium workspaces with Lumpini Park views, attracting global firms.

With a vision to expand urbanization and drive nationwide economic growth, the company is advancing Thailand's most comprehensive mixed-use projects across all regions, set to open in 2025-2026: Central Northville – The largest mixed-use development in Nonthaburi; Central Khonkaen Campus – The province's second project, strategically located near educational and healthcare facilities; Central Chiangmai Airport – A 130-rai enhanced master plan featuring a Convention Hall, Tourist Hub, Multi-Generation Space, and the North's first Go Wholesale; Central Phuket – A 20,000 sqm luxury zone (3 billion baht investment); and Central Krabi – Opening October 2025.

Central Pattana, a trusted partner in growth, empowers brands with key insights and strategies to drive sales. As Thailand's top retail destination, its shopping centers have welcomed 80% of international marques for their first Thai stores and 50 flagship stores, with many achieving top sales rankings. Strengthening partnerships further, its "The 1 Biz" CRM program has successfully boosted participant sales by threefold.

By year-end, it will oversee 135 projects, including 30 Mixed-Use developments in 44 locations. Guided by "Imagining better futures for all," it has invested over 5 billion baht in communities. Committed to sustainability, the company targets Net Zero by 2050, reinforcing its leadership in Thailand's evolving urban landscape.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Central Pattana invests 120 billion Baht (Approximately USD 3.5 billion) to transform Thailand's retail landscape

Central Pattana invests 120 billion Baht (Approximately USD 3.5 billion) to transform Thailand's retail landscape

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ChangAn Automobile Embraces Innovation at Auto Shanghai 2025

2025-04-23 21:36 Last Updated At:21:55

SHANGHAI, April 23, 2025 /PRNewswire/ -- A News from iChongqing. ChangAn Automobile, an intelligent low-carbon mobility technology company, unveiled its Together for a Smarter World theme at Auto Shanghai 2025. At the event, the spotlight was on the Company's three major strategies, the Mission of Shangri-La for new energy, Dubhe 2.0 Plan for intelligence, and its Vast Ocean Plan for global expansion, marking the beginning of a new chapter in advanced, green automobile technology.

ChangAn has made major technological strides through its three core strategies. For Mission of Shangri-La, the Company developed the Golden Shield solid-state battery and a full range of new energy products, including the BlueCore 3.0 powertrain and the industry's first PREV, combining PHEV and REEV technologies. The Dubhe 2.0 Plan has advanced intelligent systems such as the Intelligent TS Drive, Intelligent TY Cockpit, and Intelligent TH Chassis. The Vast Ocean Plan has expanded ChangAn's global footprint, particularly in Europe.

With years of investment in R&D, the company has built a strong foundation in new energy and intelligent mobility, driving the rollout of next-generation smart vehicles. At Auto Shanghai 2025, ChangAn unveiled three flagship models—CHANG-AN Q07, DEEPAL S09, and AVATR 06—a new generation of smart solutions from its three core brands that highlights the company's leadership in advancing and popularizing smart mobility. In a global first, the company revealed a future mobility lineup that includes flying cars, humanoid robots, robot dogs, wheeled robots, and smart exoskeletons.

ChangAn also brought over 600 domestic and international media outlets and more than 500 global partners to witness the achievements of its three major brands at the auto show. Through immersive brand pavilion experiences, cutting-edge technology showcases, and a dedicated global media briefing, ChangAn delivered a compelling demonstration of innovation capabilities.

"In 2017, ChangAn fully implemented its business venture, advancing three major strategies—the Mission of Shangri-La, Dubhe 2.0 Plan, and Vast Ocean Plan—to resolutely transform into an intelligent, low-carbon mobility technology company. "said Zhu Huarong, Chairman of ChangAn Automobile. Since then, ChangAn has consistently embraced innovation and pursued a high-end, intelligent, and green development path.

As the global industrial landscape evolves at an accelerating pace, ChangAn is committed to exploring new possibilities for future mobility in collaboration with the broader industry. The Company believes the power of science and technology will drive this new era of human mobility.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

ChangAn Automobile Embraces Innovation at Auto Shanghai 2025

ChangAn Automobile Embraces Innovation at Auto Shanghai 2025

ChangAn Automobile Embraces Innovation at Auto Shanghai 2025

ChangAn Automobile Embraces Innovation at Auto Shanghai 2025

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