Central Pattana invests $596m yearly in retail-led development

This includes the Central WestVille project slated to launch next year.

Central Group’s Central Pattana is investing in a retail-led mixed-use development with a yearly budget of over $596.78m (THB20b) aiming to create “centers of life” across the country, the company said in a news release.

The projects include Central WestVille worth $185m (THB6.2b) in Ratchaphruek area to be launched in Q4 2023 and Central Chanthaburi worth $104.44m (THB3.5b) on 26 May this year.

In addition, Central Pattana is planning to add about two to three world-class destinations and new projects to its portfolio each year as well as carry out major renovations for over 10 existing projects, the company said.

The Central WestVille, with a concept of ‘Reinventing the Neighborhood’, is estimated to have a land plot of 40 rai and with a gross floor area of 93,000 sqm, tapping into Ratchaphruek neighborhood and connecting it to the central business district of Bangkok.

The project seeks to become a green park for the city, cater to the emerging lifestyle with day-to-night urban and outdoor activities such as jogging with pets and urban farming, and offer affluent and quality lifestyles as it targets people living in high-end residential projects.

The mixed-used development Central Chanthaburi is also designed with a semi-outdoor model and inspired by the local essence of Chanthaburi. This project is expected to cater to the future growth of Eastern Economic Corridor (EEC) and support economies of secondary tourist cities, the company said.