Retail/Central Pattana

Editorial staff

SET-listed retail and property developer Central Pattana Plc (CPN) reports its total revenue of 12.16 billion baht and net profit of 4.22 billion in the first quarter of this year.

Naparat Sriwanvit, CPN’s CFO and president, hotel and office said: “In Q1/2025, private consumption was primarily supported by the government’s “Easy E-Receipt 2.0” program and the initiatives to support the property business which will support to property sector since Q2/2025 onwards.  Amid these positive factors, Central Pattana Plc’s reported total revenue stood at 12.16 billion baht in Q1/2025 with net profit of 4.22 billion baht . The strong revenue was driven primarily by the rental & services and hotel businesses, while the retail and hospitality segments, particularly Centara and Go Hotel, showed remarkable recovery. This performance underscores the resilience of Central Pattana’s business model and growing investor confidence as the economy steadily regains momentum.”

Accelerates strategic expansion of business portfolio.

CPN recently launched the Market Place Thepharak project on 28 March 2025, introducing a new concept, “Urban Fresh Market”-a new lifestyle hub in the heart of the Phahonyothin-Watcharapol area. Covering over 7,300 square metres, the project features more than 360 stores, offering a full range of lifestyle experiences for residents of North Bangkok. In parallel, the company continues to attract top global and Thai brands to expand their presence across Central shopping centers nationwide. Notable highlights include Nitori, Japan’s No.1 furniture brand, opening its first branch outside Bangkok at Central Pattaya and Central Si Racha, and POP MART, which launched its first store outside Bangkok at Central Pattaya as a pop-up store - followed by the debut of its first full-scale store in West Bangkok at Central Westgate.
These milestones reflect the strong confidence that leading global brands place in the potential of Central Pattana’s retail ecosystem.

Under its retail-led mixed-use development strategy, Central Pattana continues to enhance the potential of neighborhoods and cities nationwide while propelling Thailand’s economy onto the global stage. The company is set to launch a series of transformative projects across the country, including three major new developments: ‘The Central’ Phahonyothin, a visionary mega project poised to become Bangkok’s next New CBD; ‘Central Northville’, a large-scale mixed-use destination in the heart of Nonthaburi; and ‘Central Khonkaen Campus’, the company’s second project in Khon Kaen, reinforcing its presence in the Northeast.

In 2025, CPN will also introduce landmark projects such as ‘Central Park’, a masterpiece retail destination at one of Bangkok’s most prestigious addresses under the concept Here for Bangkok, and ‘Central Krabi’, a flagship that will redefine world-class tourism through its positioning as a model for sustainable & mindful travel. The expansion also includes residential projects within mixed-use developments, such as Baan Ninya Krabi, a modern housing project; Phyll Krabi, a condominium set to launch its pre-sale in July; and Baan Nirada Chaengwattana–Chaiyapruek, a luxury single-detached home development with pre-sales beginning in May creating festive landmarks across Thailand, driving year-round tourism.

Naparat Sriwanvit

Reinforcing its position as a global sustainability leader, Central Pattana has been listed on the DJSI World Index for the 7th consecutive year and the DJSI emerging markets index for the 11th year, standing out among 244 leading real estate companies worldwide. Underscoring its commitment to the Net Zero 2050 goal, Central Pattana advances sustainability across all dimensions — People, Place, and Planet.

As of Q1/2025, Central Pattana operates a total of 42 shopping centers, and 16 community malls with a combined net leasable area of 2.3 million square metres. In addition, Central Pattana operates 37 food courts, 10 office buildings, 10 hotels and 44 residential projects.