Nature of Business

Centralpattana's core businesses comprise the development of shopping complexes and other complementary mixed-use projects, which include residences, office buildings and hotels, to add value to the shopping complexes.

Central Pattana’s core businesses comprise the development of shopping center and other complementary mixed-use development projects, which include office building, hotel, and residence, to add value to the shopping centers. By the end of 2019, Central Pattana manages 34 shopping centers, 15 in Bangkok Metropolitan Area, 18 in prime provincial areas and one in Malaysia; seven office buildings in Bangkok; two hotels, namely Centara Hotel and Convention Center Udon Thani and Hilton Pattaya Hotel; one residential project for rent; and eight residential projects available for sale and transfer. Furthermore, Central Pattana invested in CPNREIT and CPNCG, and the properties under both of which are also managed by Central Pattana.

Centralpattana business

Categorized based on sources of revenue in six business groups described as follows:

34
Shopping
Center
CentralPlaza Nakhon Ratchasima

Central Pattana’s main source of revenue, the shopping center business accounts for more than 80% of the total revenue. Revenue is derived from rental of retail space, utility and security services, cleaning services, rental & services of convention halls, onsite media services, and marketing activities in common area of 34 shopping centers - 15 in Bangkok Metropolitan Area, 18 in prime provincial areas, and one in Malaysia. There are 5 shopping centers were leased out to CPNREIT in which Central Pattana is the property manager.

7
Office
Buildings
CentralWorld

The Offices at CentralWorld is a grade A office building located in the heart of the business district. Its tenants are, therefore, leading Thai and multinational companies

CentralPlaza Pinklao

The office building business involves the development of office buildings for rent not only for Central Pattana’s complementarity with the shopping centers, but also for its value accretion from the optimization of land use and efficiency of car park management.

2
Hotels
Hilton Pattaya Hotel

The hotel business on the same premises as shopping centers complements the shopping center business in terms value accretion to the overall project by making the most use of properties for the maximum return on investment. Revenue from the hotel business comprises room revenue, sale of food & beverage and rental of units in buildings and service income.

Central Pattana owns two hotels:

  1. Centara Hotel & Convention Centre Udonthani comprises 259 rooms.
  2. Hilton Pattaya Hotel consists of 302 rooms
8
Residential
Project
CentralFestival Chiangmai

Three condominium projects started since the second quarter of 2016 and should take about two years to complete and be ready to transfer and realize revenue in 2018

CentralPlaza Chiangrai

Recognizing the potential of mixed-use development of shopping center projects, Central Pattana has developed eight residential projects located next to or in the vicinity of shopping centers: 1) ESCENT RAYONG 2) ESCENT CHIANGMAI 3) ESCENT KHONKAEN 4) ESCENT VILLE CHIANGMAI 5) ESCENT VILLE CHIANGRAI 6) ESCENT NAKHONRATCHASIMA 7) ESCENT UBONRATCHATHANI and 8) ESCENT PARK VILLE CHIANGMAI. Furthermore, Central Pattana currently has one standalone condominium project in Bangkok, PHYLL PHAHOL 34, and one standalone single-detached housing project in Bangkok - NIYHAM. Additionally, Central Pattana manages a residential building project called Central City Residence Condominium, a 11-unit condominium on the premises of Central Bangna.

30
Food
Centers
Red Sky Bar - Centaragrand @ CentralWorld

Centralpattana developed and improved food centers under the concept of Food Destination, which includes a wide selection of restaurants to serve various lifestyles

Red Sky Bar - Centaragrand @ CentralWorld

Food centers are considered an essential element that complements shopping centers. Food centers to provide convenience for customers with a wide variety of affordable, quick and ready-to-serve dishes. Central Pattana generates return from space which was rented out to tenants in food centers.

2
Investment in Property Fund and REIT
(Real Estate Investment Trust)
Red Sky Bar - Centaragrand @ CentralWorld

Centralpattana developed and improved food centers under the concept of Food Destination, which includes a wide selection of restaurants to serve various lifestyles

Red Sky Bar - Centaragrand @ CentralWorld

Central Pattana is the major unit holder of CPNREIT and CPNCG, representing 26.69% and 25.00% of total ownership respectively. It also serves as the property manager and receives monthly fees under management contracts and profit-sharing agreement based on investment proportions.