Watch “Central” seize the golden location “Lat Phrao-Phaholyothin”, investing ten billion in mega projects
Immediately in the company Central Pattana Public Company Limited (CPN) and Grand Canal Land Public Company Limited (GLAND), where Central got shares from BTS. Announcing plans to create land in the Phaholyothin area Opposite the creation land, an area of 48 rai, near the Green Line, Phaholyothin Station 24. and Ha Yaek Lat Phrao, developed into a mixed-use project worth over 11 billion baht, together with shopping centers . office buildings and hotels, with the first phase starting from a shopping centre
Therefore, we will keep an eye on how “Central” will decide on the land in the Phaholyothin area with an area of 47.22 ℃ on lease in the name of the company. Central Inter Pattana Co, Ltd, a subsidiary of Central Group
Currently located “Central Plaza Ladprao” and “Centara Grand at Central Plaza Hotel” are set to expire on December 18, 2028 or another 6 years.
“Nirut Maneepan”, the governor of the State Railway of Thailand (SRT), revealed that Central at the moment There has been no discussion yet with the SRT regarding the land leasing agreement in Central Ladprao. because there are 6 years left until the contract expires However, such plots of land have been transferred to a subsidiary, SRT Asset Co., Ltd., to operate.
“It is up to the subsidiary to negotiate with the same seller or open a new auction. By hiring a consulting company to assess the value of the new project to be in line with the change in current land conditions. Which has an aerial train to connect it,” said Mr. Nirut.
Although there are news sources from SRT. He added that 2 years ago Central had informally discussed whether it was still interested in land in Central Ladprao. But now I’m not sure if I’ll change my mind or not. After preparing for a new project opposite Dan Naeramit which still has several years left Central still has time to consider. However, if Central does not continue, it must open a new auction.
“It is expected that Central will not abandon the land in Central Ladprao. because it is a golden location There is a train to connect But more investment may be needed to invest in development. because of this contract renewal based on the new price that has to be paid more than the second time that pays total earnings throughout the contract period of 20 years (December 19, 2008-December 18, 2028), which amounts to more than 21,298 million baht, “analytical news source.
The news source analyzed that further In addition, the building is quite old, 50 years old, if renovating it might not be worth it. A large investment may have to be made by demolishing the old one and building a new one such as the Dusit Hotel. which must be discussed together before the contract ends What is not stated in the contract Must be discussed with the Central first. I will only say during the 3 years before the contract ends, what must be prepared to present to the train? Unlike the first time I had to negotiate with Central first. while the second work is progressing according to the Joint Venture part 3 Can negotiate directly or by re-offer and will be exempt from the Joint Venture Act
The source said Central currently pays rent every December 18 every year. In the past, the SRT received rental fees between 2008 and 2021 in the amount of more than 10,000 million baht, which remains about 10,000 million baht, divided in the year 2022, the amount of 1,234.961 million baht, the year 2023, the amount of 1,309.059 million baht, the year 2024, the amount of 1,387.603 million baht, and the year 2025. the amount of 1,470.859 million baht, the year 2026 the amount of 1,559.111 million baht, the year 2027 the amount of 1,652.658 million baht and the year 1,725,000,000 baht
Regarding news sources from the Central Group, he said there is no clear policy at the moment. However, it is believed that the lease agreement with the SRT will continue to be renewed. Because the Central Shopping Center Ladprao Segment is different from the new project, which is opposite the land of creation. which developed into mixed use There are shopping centres, hotels, office buildings. which will target high end customers even though the land is not adjacent to each other it may be able to synergize it must be considered again after this There is still time because the lease still has several years left.
It won’t be long before we know each other!
