Thailand’s largest developer of retail properties, said it will invest $3.6 billion over the next five years to expand the numbers of shopping centers, residential projects, office buildings, and hotels it has in the country and overseas
In the next five years, the company aims to expand in Thailand and overseas to increase its number of shopping centers from 32 to 50, its residential projects from 22 to 68, and its office buildings from 10 to 13. It also plans to increase its number of hotels from two to 37, spanning over 30 provinces and overseas., another unit of the Central Group, earlier this month said it will invest 100 billion baht to expand its business in the next five years.
More than half of the planned new facilities will be mixed-use development projects, for which the shopping centers will be the key component. The company will also explore expanding to other businesses.of 30.3 billion baht last year, a decrease of 8.3% from 33.1 billion baht the year before because of the pandemic, which hampered the operation.