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Tag: Complex

  • Central Pattana Invests $640m In Transformative Northern Bangkok Lifestyle Hub

    Central Pattana Invests $640m In Transformative Northern Bangkok Lifestyle Hub

    Central Pattana, a division of Thailand’s Central Group that specializes in property development, plans to infuse a staggering 21 billion baht (US$640 million) into the creation of an expansive new shopping and lifestyle hub in northern Bangkok.

    The Central Phaholyothin: More than Just a Mall

    The development, dubbed The Central Phaholyothin, will grace the Phaholyothin Road with its vast 457,000 square metre footprint. The complex will be a blend of retail, dining, entertainment, and cultural facilities, incorporating a concert hall and a convention centre tailored to accommodate international events. Furthermore, the prime location of the site will allow for a direct train connection to Don Mueang International Airport.

    Chanavat Uahwatanasakul, the Retail and Development President at Central Pattana, commented on the strategic placement of the development. “We have chosen a prime location that enables us to cater to more than 2.5 million people in northern Bangkok. However, The Central Phaholyothin aims to be more than just a shopping mall; it will be a world-class destination for entertainment, culture, and business.”

    Key Features of The Central Phaholyothin

    The Central Phaholyothin is set to be peppered with several distinctive features, all designed with a view to draw visitors and create a vibrant, energetic space. Some of the key features include:

    – Central Stage: This will serve as a connection between an upper-level international dining area and a ground-level street food zone.
    – Market Hall: A revolving pop-up space envisioned to host food and cultural events.
    – Waterfall Courtyard: An eco-friendly centerpiece featuring an Edible Garden, reflecting the ‘from farm to table’ concept.

    Moreover, other areas will be dedicated to fashion, family lifestyle, and creative arts.

    Nattakit Tangpoonsinthana, the Chief Marketing Officer at Central Pattana, mentioned that the project is designed to redefine northern Bangkok and enhance the city’s status as an international destination. “Through our developments, we have been successful in transforming key districts into significant landmarks. With The Central Phaholyothin, we aim to establish a new cultural and business hub that can rival the likes of global cities such as New York, London, Seoul, and Tokyo.”

    The Central Phaholyothin is expected to be completed by the end of next year.

    Questions & Answers

    What is the aim of The Central Phaholyothin project?
    The project aims to redefine northern Bangkok and enhance the city’s status as an international destination for entertainment, culture, and business.

    What are some of the key features of The Central Phaholyothin?
    Key features include the Central Stage, Market Hall, and Waterfall Courtyard, along with zones dedicated to fashion, family lifestyle, and creative arts.

    When is The Central Phaholyothin expected to be completed?
    The Central Phaholyothin is scheduled for completion by the end of next year.

  • HelloFresh to open giant new ‘Tuckerbox’ complex in Victoria

    HelloFresh to open giant new ‘Tuckerbox’ complex in Victoria

    Meal-kit maker HelloFresh is to open a new 25,500sqm production facility at Ravenhall in Victoria next month.

    Described as the largest such facility of its kind in the nation – and nicknamed Tuckerbox – the new production and distribution center will speed deliveries to Victorian destinations and nearby states, as well as reduce delivery distances for the company’s suppliers.

    “The launch of our third and largest Australian chilled production facility marks an impressive milestone for the business and will allow us to better serve our growing customer base,” said HelloFresh Australia CEO, Tom Rutledge.

    “Ultimately our focus is to continuously improve the product offering to our customers and how we can increase the value, convenience, and accessibility of our service. The Tuckerbox, with its size, situation, and sophistication provides a tremendous platform for us to realize these objectives over the years to come.”

    The complex will employ about 350 staff including pick packers, forklift drivers, quality control personnel and management.

    HelloFresh has also worked to reduce carbon emissions through the new facility, by shortening delivery routes and using environmental features including skylights to maximize natural light, a rainwater harvesting system, 600kW solar panels for both electricity and heating water, and the use of motion and daylight sensors to reduce overall energy consumption.

    “As the world’s largest meal-kit provider, we also have a responsibility to set a clear precedent and strive towards more sustainable ways of working in our production facilities, said Rutledge.”

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  • Vingroup to invest in HCM City sports complex

    Vingroup to invest in HCM City sports complex

    HCM City’s People’s Committee had given Vingroup Joint Stock Company (Vingroup JSC) the go-ahead to invest in a sports and entertainment complex in District 2’s new Thủ Thiêm urban area.

    The complex would be located on 31.39 hectares, and the People’s Committee has approved a district planning scale of 1/2,000, the city’s department of planning and architecture (DPA) said on Monday.

    The project would require an estimated total capital of VNĐ6.77 trillion (US$305.1 million), excluding compensation for site clearance.

    So far, 99 per cent of the land in Thủ Thiêm urban area had been cleared, with 382 hectares set aside for residential purpose and another 334 hectares for commercial purpose. Once Thủ Thiêm had been developed, it would be able to house 150,000 residents and attract 220,000 workers.

    Vingroup JSC had acquired approval to build the complex as part of the second functional area in Thủ Thiêm and An Lợi Đông wards, Disctrict 2. The total construction is expected to take 36 months; the project utility period would be 50 years.

    Vingroup JSC’s sports complex would have infrastructure so it could be used as a multifunctional sporting halt and an amusement park. It is considered to be one of the key high-value projects in the planning of Thủ Thiêm urban area.

    Recently, many domestic and foreign investors had expressed interest in putting money into housing, commercial and office projects in Thủ Thiêm.

  • Indonesia’s CT launches cinema blitz to boost retail chain

    Indonesia’s CT launches cinema blitz to boost retail chain

    Indonesia’s CT Corp. is partnering with cinema operators to open movie theaters in its commercial complexes. The retail and media conglomerate hopes to tap growing demand for entertainment and gain an edge over other retailers.

    On Wednesday, CT retail arm Trans Retail announced a partnership with Graha Layar Prima, operator of the CGV cinema chain (formerly known as Blitz Megaplex), to develop cinemas at CT’s Transmart Carrefour stores across Indonesia.

    CT officially launched its Transmart centers, which feature restaurants, apparel stores and supermarkets, in 2016 and currently operates 13 outlets across the archipelago. It plans to invest $3 billion to expand the number to 100 by 2019.

    “For the next three years, we will deliver [a] minimum of 500 [cinema] screens” to Transmart centers, CT founder and Chairman Chairul Tanjung told the Nikkei Asian Review on the sidelines of a recent business conference in Hong Kong.

    GLP will open CGV cinemas in four Transmart centers in Java and Sumatra in May, with plans to add four more by the end of the year. Each cinema will have five screens. CGV theaters stand out for their 4-D entertainment systems, sofa-type seating for couples and VIP spaces that serve drinks and snacks. CT is targeting the country’s growing middle class, which is expected to account for nearly half the population by 2030, compared with 19% in 2010, according to a 2012 report by McKinsey Global Institute.

    Mall operators have been keen to invest in the growing entertainment market to set themselves apart amid stiff competition from convenience stores and online retailers. Lippo Group, the largest mall operator in Indonesia, is aggressively expanding its own cinema business, with plans to have 2,000 screens across 85 cities by 2024.

    The relative scarcity of entertainment facilities and scorching temperatures in Indonesia have made movie theaters an increasingly popular destination there. GLP said its cinemas attracted over 10 million visitors in 2016, up 150% from 2012. The top-grossing domestic film this year raked in a record 205 billion rupiah ($15.3 million), according to local media.

    GLP aims expand its network of cinemas to 40 from the current 27. The partnership with CT provides it a major retail platform for increasing its footprint at a time when cinema operators are bracing for fiercer competition amid a wave of deregulation. In 2016, the government removed film projection, production and distribution from its list of businesses with foreign investment caps. In December, Singaporean sovereign wealth fund GIC announced that it will acquire an undisclosed stake in Nusantara Sejahtera Raya, Indonesia’s largest cinema operator, for 3.5 trillion rupiah.

    Satria Hamid, a spokesperson for Trans Retail told that the company signed a deal in December to install NSR’s Cinema XXI movie theaters in at least four Transmart stores in 2017.

    Even as cinema and mall operators take steps to gain an edge over traditional and online retailers, a new wave of competition is emerging in the form of online streaming services, such as Netflix.

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  • Aeon plans B6bn Bangkok complex

    Aeon plans B6bn Bangkok complex

    Aeon expects its planned Bangkok mega shopping complex will compete with Siam Paragon, CentralWorld and The Emporium, says managing director Masamitsu Ikuta.

    Aeon (Thailand) is set to compete head on with Central Group and The Mall Group, vowing to develop its first megaproject in central Bangkok as part of a 10-billion-baht investment over the next five years.

    Managing director Masamitsu Ikuta said the company would allocate 10 billion baht for new retail development from 2016-20.

    Most of it will be used for developing three major retail models in central Bangkok — MaxValu supermarkets, a megaproject and speciality stores.

    Aeon will open 10 MaxValu stores in each of the next five years, taking the number of MaxValu stores in all formats to 130 by 2020.

    It will open three MaxValu supermarkets this year with an investment of 50 million baht, while it will spend about 10 million baht to open five MaxValu Tanjai stores.

    The company will build its megaproject in Bangkok in the next few years to cash in on the Asean Economic Community, which will draw more foreign tourists to Thailand.

    The project will have retail space of 200,000 to 300,000 square metres and require an investment of 6 billion baht.

    “The new retail megaproject will have the same image as Aeon in Japan,” Mr Ikuta said.

    “We want this shopping complex to be able to complete with inner-city retail megaprojects such as Siam Paragon, CentralWorld and The Emporium.”

    The project is expected to open in 2018. Aeon is looking for a suitable plot of land. It plans to develop about 20 mega shopping complexes in the next 15 years.

    The move towards huge projects in Thailand comes after its Japanese parent company recently set a plan to expand its retail business in Asean aggressively between now and 2020.

    Aeon plans to open speciality stores for drugs, bicycles, cosmetics and pet food in Thailand. Two speciality store brands will be launched next year.

    Three or four branches will be opened for each brand. If it receives a positive response from Thai consumers, the company will open about 20 branches per brand each year.

    Some funds for business expansion will come from listing the company on the Stock Exchange of Thailand in 2020.

    For its MaxValu supermarkets, the company plans to add more TopValu items, its house brand, to its range to differentiate its stores from other supermarket chains.

    TopValu products include shampoo, soap, toothbrushes and canned fish produced by original-equipment manufacturers in Thailand to serve MaxValu stores in this country and for export to Aeon stores in Japan.

    The Japanese parent recently chose Thailand as its production base for house brands of T-shirts and socks to serve Thailand and Aeon networks in Cambodia and other Asean members.

    Sales from house brands in Thailand are worth 3.45 billion baht, with 150 million generated in Thailand and 3.3 billion from exports.

    Mr Ikuta said house brands accounted for up to 3% of the company’s sales but would contribute 15% by 2020.

    Sales of TopValu brands worldwide are forecast to total ¥5 trillion (1.52 trillion baht) in 2020, up from ¥80 billion annually now.

    With its aggressive plans in Thailand, the company expects supermarket sales of Aeon in this country will reach 20 billion baht in 2020, nearly triple last year’s sales of 7 billion.

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