Tag: CPN

  • Central Pattana Targets 10% Footfall Growth at Central Park Mall

    Central Pattana Targets 10% Footfall Growth at Central Park Mall

    Central Pattana aims to increase foot traffic at its Central Park mall in Bangkok by 10 per cent year on year during its second year of operation.

    The retail hub inside the Dusit Central Park mixed-use development drew roughly 25 million visitors in its first twelve months after opening on Sept 4, 2025. International tourists accounted for 10 million of those visits, while retail occupancy reached 98 per cent with daily visitor counts averaging between 65,000 and 75,000 people.

    Office tenants and residents drive traffic

    Office and residential handovers will feed additional pedestrian volumes into the retail podium over the coming quarters. Central Park Offices currently records an occupancy rate above 80 per cent, with corporate tenants finishing interior fit-outs before moving staff into the tower.

    Residential transfers at The Residences at Dusit Central Park will begin in the fourth quarter of 2026, following pre-sales that reached 96 per cent. Kunayudh Dej-udom, asset director of centralwOrld and Central Park at CPN, stated that these incoming occupants will provide a built-in customer base for the property’s food, service, and lifestyle tenants.

    Bangkok’s prime retail landlords increasingly rely on integrated mega-projects to shield themselves from retail oversupply in the city centre. By embedding high-density office towers and luxury residences directly above retail concourses, developers like CPN and rival One Bangkok secure regular baseline spend before counting on discretionary tourist inflows.

    Transit links and brand launches

    CPN is positioning the mall around first-in-Thailand brand debuts, exclusive merchandise drops, and cross-cultural art installations to broaden international visitor recognition. The strategy pairs global creative partnerships with experiential retail formats to capture high-spending travellers.

    Physical access will expand with a direct pedestrian connection linking the complex to the underground MRT Silom station, scheduled for completion between late first quarter and early second quarter of 2027.

  • Malaysia’s Central i-City shopping centre to open in 2018

    Malaysia’s Central i-City shopping centre to open in 2018

    Selangor’s Central i-City Shopping Centre is scheduled to open in the fourth quarter of the year.

    A collaboration with i-City Properties, it is the first international regional shopping centre for Thai developer/investor CPN and Malaysia’s i-City Properties.

    Among anchor tenants just announced are Sogo Department Store and Village Grocer. TGV Cinemas will offer the first Imax screen in the region, along with eight digital cinemas seating up to 1800 patrons.

    The project has a gross development value of RM850 million (US$216.6 million).

    CPN Thailand COO Pakorn Partanapat says the goal for the shopping centre is to boost the mall/tenant relationship to ensure a win-win for everyone.

    CPN Malaysia COO Anthony Dylan says the 940,000sqft (87,000sqm) shopping centre will have 350 retail shops over six levels.