CP Group presents a hybrid model “Makro-Lotus” receives TCC’s D-Day competition, “One Bangkok”, the first step at the end of this year, “The Mall” takes over Bangkok Mall, the largest in the region. The first phase opened in late 2026, pushing retail space to 37 million square meters in 2017.
The economic situation in Thailand and around the world is still slowing down. and it is full of important risk factors that cause many businesses to “Wait and See” waiting for a favorable moment In contrast, “major retail business groups” in almost every period under crisis see it as an “important opportunity” to proceed with investment. Expand your empire network to compete for “good locations” to create a disadvantage and advantage over your competitors. Both support the purchasing power of foreign tourists returning to visit Thailand, which continues to increase. It is a treasure trove for Thai businesses to help turn the economy back to an upward trend soon.
Over the next 3 years, retail landscape It will be interesting to see the phenomenon. “Mixed-use mega projects” of large corporations from Thai magnate families in many trading areas Opening the first phase of the service gradually From the second half of 2024 onwards.
Natthakit Tangpoonsinthana Executive Vice President of Marketing Division, Central Pattana Public Company Limited, Thai mixed-use real estate business operator led by Retail, including Central Shopping Center business, residences, office buildings. and hotels across the country, he said that Central Pattana aims to expand investment according to the 5-year plan (2023-2027) worth 135,000 million baht, which will open an average of 3 Central Department Stores per year under the strategy of focusing on large-scale projects or mixed-use projects What?
In 2024, 4 main projects will gradually open: Central Nakhon Sawan on January 31, investing over 4,500 million baht, Central Nakhon Pathom investing 3,800 million baht, Centara One Rayong Hotel, and Central Krabi investing 2,300 million baht, the it is expected to open in 2025. It is seen that the expansion of the branches of the Central Shopping Center focuses more on “secondary cities” in order to identify being the center of life or the Center of Life, developing the commercial area into a new, outstanding landmark, creating a complete ecosystem in Retail, tourism, and services unite to drive the economy in a concrete way.
Central Park Promotion The New Luxury
before Miss Wanya Chirathivat President and CEO Talk about goals within 2027 Central Pattana There will be a kingdom of 50 shopping centers, 17 community centers, 90 residential projects, 37 hotels, 13 office buildings and 4 Flex Office projects.
5 “large-scale mixed-use” projects will be launched gradually over the next 5-10 years, jointly with partners and through self-investment, in potential areas. Area not less than 350,000 square meters, project value not less than 20,000 million baht, starting with “Central Park” as a luxury remixed use. In the Dusit Central Park project, Silom commercial area Main location in Bangkok On historical land over 50 years old, under the management of the Dusit Group.
“Dusit Central Park” has an investment value of 46,000 million baht, a total area of 440,000 square meters on 23 Ra of land, corner Silom-Rama 4 Road, is a mixed-use project that includes the Dusit Thani Bangkok Hotel, 39 floors, 257 of rooms, ready to open in mid-2024, Central Park office building. Offices, area 130,000 square meters, ready to open in the 2nd quarter of 2025, Central Park shopping mall, area 130,000 square meters, open in the 3rd quarter of 2025 , and residences. Area 50,500 square meters, divided into Dusit Residences, gradually delivering rooms at the end of 2025, price range 40-300 million baht and Dusit Parkside, price 12-90 million baht, gradually delivering rooms at the end of 2025.
“Central Park wants to build The New Luxury with a view of Lumpini Park. It creates a new location that has never been seen before, which is similar to first class metropolises like New York with Central Park and High Park London, located in the setting of Wealthy Established Neighborhood. The financial and business center is home to leading companies and is a highly luxurious residential area. Luxury hotels, Grade A offices, embassies and consulates, universities are high potential locations, creating a CBD Super Core on an expensive road in Bangkok, attracting Thais and people from all over the world to shop. Especially the Wealth Segment”
The large mixed-use development of Central Pattana is also preparing to develop “Central Phahon Yothin” connected to “Central Ladprao” as an important landmark of Bangkok in the northern zone.
Retail Central launches flagship Go Wholesale in full force
Miss Rangsirat Phonsuthee The Assistant Managing Director, Investor Relations and Risk Management, Central Retail Corporation Public Company Limited, said that Central Retail’s 5 main business groups are Food Group, Hardline Group, Fashion Group, Real Estate Group and Health & Well Group Nas Has continued to expand branches The initial investment budget for 2024 is estimated to be 20,000 million baht, with a clear investment plan to be announced in the next period.
Another leading group from Central Retail, wholesale under the “Go Wholesale” brand. Mrs. Suchada Itthijarukul The CEO of Thai and Foreign Business Group Central Food Wholesale Company Limited in the Central Retail Group said that Go Wholesale’s plan in the next 5 years is to open 50 new branches under an investment budget of 20,000 million baht under the goal of opening every province in Thailand, 1 branch in 77 provinces by 2028, highlighting the strategy of It’s a new choice for Thai people. Focus on food group products Willing to bring in excellent products from different areas.
Going to Bangkok Mall, one million square meters
Miss Supalak Amput The Chairman of the Executive Board of The Mall Group Company Limited said that The Mall continues to expand its investment. The retail sector is the main driving force of the Thai economy for the major Bangkok Mall project, an area of over 1 million square meters, an investment value of 40,000 million baht, targeting the largest shopping center in the region. Under construction according to plan The first phase is expected to open in late 2026.
In 2024, the retail market should expand better. The Mall Group aims for total sales of 58,000 million baht, an expansion of 5% from 2023. It is expected to generate a total income of 50,000 million baht, along with profit growth of more than 25 %.
CP pushes Makro-Lotus hybrid pioneer forward
For retail and wholesale groups of CP Group Leading wholesale trade “Makro” and retail trade “Lotus” as well as the convenience store “Seven Eleven”, all 3 business groups aim to expand new branches domestically and abroad.
Miss Jiraphan Thongtan The Head of the Investor Relations Office, CP All Public Company Limited, said that in order to expand the business in the retail-wholesale sector in 2024, prepare an initial investment budget. 35,000-36,000 million baht each brand, Makro, Lotus and 7-Eleven, invested about 12,000-13,000 million baht. 7-Eleven opened 700 new branches in Thailand, 20-30 branches in Cambodia, and 2- in Laos , 3 branches
A news report from CP Extra Public Company Limited said that Makro in Thailand plans to open 8-10 branches, focusing on large branches with an area of 4,000-7,000 square meters, and 2-3 branches overseas. Lotus opened 3-4 large branches supermarket, 10-12 supermarket branches, 100-120 branches Lotus Go Fresh and Mini Go Fresh, of which Makro and Lotus Use parallel opening model Also called hybrid, it is an alternative for customers and it create more competitive advantage.
Big C is moving forward with a retail business, accelerating major renovations
side TCC Group Business under Chao Sua Charoen Sirivadhanaphakdi Lay down the retail-wholesale chess, continue to expand the “Big C” business and prepare to launch the mega project One Bangkok, developed by TCC Assets (Thailand) Co, Ltd and Frasers Property Holdings (Thailand) Company Limited, with an investment value of over 120 billion baht, including offices, shopping malls, hotels, exhibition centers, residences, preparing to open the first phase of the office section at the end of 2024.
Sources said the opening of One Bangkok will make the Rama 4 commercial district even busier than it has been in decades where large-scale projects have been planned to create a new commercial district connecting to the Silom area, which will have “Central. Parc Dusit” will gradually open for service at the end of this year as well.
Retail space reached 37 million square meters in 2017.
Thaninrat Phakdeephinyo Mr Retail specialist and former senior executive of a large shopping center Reflects the overall retail business Expanding continuously from 2024-2027, at an average of around 10% per annum, supported significantly by investments from major retail operators in the gradual opening of new branches . Improving an old branch By evaluating the total retail space across the country. From the current amount of around 25 million square meters, it is expected that with the expansion of many mega projects, the retail space will reach 37 million square meters by 2027.
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