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Thailand Retail – New CentralPlaza to open in Nakhon

By on Sep 12, 2014 in Property News, Retail

Central Pattana yesterday announced plans to invest Bt3.5 billion to develop its 30th shopping complex – this time in Nakhon Si Thammarat.  The company operates shopping centres in 18 provinces. In the South, it operates malls in Hat Yai, Koh Samui and Surat Thani.  A new shopping mall is slated to open in Rayong in the second quarter next year, while CentralWestGate is scheduled to open in Bang Yai district, Nonthaburi, next August.  CentralFestival East Ville is slated to open on Praditmanutham Road in Bangkok in about the fourth quarter of next year.  CPN also plans to launch a world-class shopping mall in Nakhon Ratchasima in the fourth quarter of 2016.

The company is looking at developing shopping malls at satellite towns on the outskirts of Bangkok such as Pathum Thani, Samut Prakan and Nonthaburi.  Nakhon Si Thammarat is considered the gateway for trade and investment in the South and is ready to accommodate the full implementation of the Asean Economic Community late next year thanks to its status as the logistics hub of the South, which is part of the Indonesia-Malaysia-Thailand Growth Triangle.  Nakhon Si Thammarat’s tourism is growing at an impressive rate of 14 per cent a year, with no fewer than 1.7 million tourists travelling through the province annually.

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