Thailand’s Largest Mall Operator Plans $3.4 Billion Expansion

Central Pattana Pcl, Thailand’s largest shopping mall developer, plans to invest more than 110 billion baht ($3.4 billion) in the next five years to expand its portfolio, betting on growth in major cities and a tourism rebound.

The operator of Central World, Bangkok’s largest shopping mall complex, aims to increase the number of its mixed-used projects to 33 by the end of 2030 from 27 currently, Chief Executive Officer Wallaya Chirathivat told reporters on Wednesday. The investment will go toward new retail plazas, office buildings and integrated projects, with a focus on major cities and key tourist destinations including Bangkok, Phuket and Chiang Mai.