Retail/Central Pattana

Editorial staff

Central Pattana Plc, SET-listed retail and property developer, plans to open more new mixed used projects under its portfolio during 2025-2026.

Wallaya Chirathivat, CPN’s president & chief executive officer, said that the company plans to invest 120 billion baht to continuously expand its business over the next five years (2025-2029), focused on developing mixed-use projects across all regions and transformation projects to enhance its strong eco-system.

Three new projects are set to launch in 2026, including ‘The Central’ mega project in Phaholyothin, and ‘Central Khonkaen Campus,’ located near Khon Kaen University and on the opposite of Srinakarin hospital as well as ‘Central Northville,’ the largest mixed-use development in Nonthaburi.

While another three projects to be launched this year include Central Park together with Central Park Office , Central Pinklao and Market Place Theprak community mall and Central Krabi.

Chanavat Uahwatanasakul, president, retail and development of CPN, said that the company will spend 20 billion baht to develop ‘The Central’ in the Phaholyothin area, on over 49 rai of land with a retail space (GBA) of 460,000 square meters. This new mega project will grow alongside Central Ladprao, the first mixed-use development and a landmark of the area.

‘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, which is set to become The Future Place for All, is scheduled to open in Q4 of 2026. It will be a landmark similar to CentralWorld,’’ Mr Chanawat said.

While ‘Central Khonkaen Campus’, the second mixed-use project of CPN in Khon Kaen, spans 30 rai of land, requires an investment of 3 billion baht. It has a retail space (GBA) of 67,000 square meters. It is designated as ‘The New Dimension of Lifestyle,’ designed to meet urban lifestyles ,opening in Q2 of 2026 for the first phase and later feature a residential condominium development as well as the first GO! hotel in the northeast.

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, the project is expected to open in Q2 of 2026. Total transformation requires an investment of 4.5 billion baht.

Central Chiangmai Airport’ has elevated its master plan on a 130-rai plot, with a retail space (GBA) of 173,000 square meters. Apart from retail, other features of this mixed-use project include a convention hall, tourist hub, multi-generation space, and Go Wholesale . It will open in Q2 2026, following by Central Bangna in Q3, 2026

In 2025, the company sets to open
‘Central Park’shopping center on 23 rai of land with a retail space (GBA) of 130,000 square meter in August this year. After that it will open ‘Central Krabi,’ in October.

Central Pinklao will complete its transformation and open in Q3, 2025, following by Central Chaengwattana will open in Q4, 2025.

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, which is forecasted to reach 37 projects within 2029. In addition, more mega projects are in its business pipeline including at Rama 1, Rama 9, Ploenchit, and more.

‘’CPN continue to invest whether the economic sitation is good or not because we invest for medium and long term plan. With our Retail-Led Mixed-Use Development strategy, 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, our business went well surpass any challenge. Moreover, investing amid the tough economic environment gets investment cost lower,’’Ms Wallaya said, adding that last year, CPN recorded an all-time high across all dimensions and businesses, including retail, residential, hotel, and office sectors.

Naparat Sriwanvit, CFO and president, hotel and office of CPN, said that last year the company achieved revenue of 51.84 billion baht and a net profit of 16.72 billion baht. 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 and sold out quickly. Office business remains strong with an occupancy rate of 90% at the end of last year. The company expects to grow its revenue by average 20% per annual during 2025-2029.

Nattakit Tangpoonsinthana, CPN’s chief marketing officer, and Isareit Chirathivat, head of leasing – fashion & luxury 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.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.