‘Central Pattana’ ranks in the 2024 Fortune Southeast Asia 500

‘Central Pattana’ ranks in the 2024 Fortune Southeast Asia 500, reaffirming its position as Thailand’s leading retail and real estate developer and one of the largest companies in the region, determined to be a key driving force in the country.

• Creating new high earnings in 2023, with a total revenue of 46.79 billion baht—a 26% increase from the previous year—and providing the highest dividends since the company was founded.
• Investing 121 billion baht over five years (2024-2028) to continue with project development plans to pioneer districts, enhance potential of major and secondary cities, and drive the economy and tourism forward across the country. The plans include developing new projects, fully reimagining existing projects, and extending success to Southeast Asia by developing the first Thai shopping centre in Malaysia, 'Central i-City,' which celebrated its 5th anniversary with the concept of bringing 'Thainess to the World.'
• Securing the top position as the world’s most sustainable organization in the DJSI World 2023.

Bangkok – Central Pattana Plc., Thailand’s leading real estate developer for sustainability, under the vision of ‘Imagining better futures for all,’ which connects all businesses from retail, residence, and hotel to office projects, has announced its latest success as it ranks in the 2024 Fortune Southeast Asia 500, the list of the top 500 largest companies in Southeast Asia by revenue, organized for the first time in this region by Fortune Magazine. Central Pattana reported revenue of 46.79 billion baht for 2023. The company also ranks No. 1 among Thailand’s real estate companies that enlisted the Fortune Southeast Asia 500 list.

Ms. Wallaya Chirathivat, President and CEO of Central Pattana plc, said: “Central Pattana is growing steadily and has been one of the noteworthy driving forces for the growth of the country for 44 years through our investment in all types of real estate development projects under the strategic model of ‘The Ecosystem for All,’ where our shopping centres are the main core business that links to residential projects, hotels, and office buildings nationwide. We have placed our focus on laying the foundations to support the growth of the country in all aspects. We are greatly honored that Central Pattana is ranked as one of the largest companies in Southeast Asia on the 2024 Fortune Southeast Asia 500 and that we have been recognized globally. We are very proud to be a part of advancing Thailand to play a significant role in the region through our continued investment both domestically and abroad. The first project that we are very proud of is ‘Central i-City’ in Malaysia.”

At the beginning of 2024, Central Pattana successfully launched two major mixed-use projects: ‘Central Nakhon Sawan’, with a project value of 5.8 billion baht, and ‘Central Nakhon Pathom’, with a project value of 8.2 billion baht. In 2025, we are preparing to open ‘Central Krabi’, with a project value of 4.5 billion baht, in addition to five mega projects in super prime locations around Bangkok, covering a total project area of more than 2.2 million m².

Central Pattana is continuing with its long-term investments, and its five-year plan from 2024-2028 includes a total investment of 121 billion baht. By 2024, Central Pattana will be operating 42 shopping centers, 17 community malls, 43 residential projects, 10 hotels and 10 office building projects.

In the 2024 Fortune Southeast Asia 500, Central Pattana ranks 220^th among the largest companies in Southeast Asia, showcasing Thailand's pride and potential on the international stage.

Central Pattana plc. is advancing with its vision of ‘Imagining better futures for all’ by creating and developing spaces to improve the quality of life for people and communities, as well as the environment, while ensuring economic growth and advancing Thailand. All businesses of Central Pattana currently employ more than 120,000 people nationwide; with each new project expansion, thousands of additional employees are hired, and on average, over 80% are local residents from the project’s location. The company continues with its sustainability plan and is progressing towards Net Zero 2050 in collaboration with all stakeholders in ‘The Ecosystem for All’.

For more details, please click https://www.centralpattana.co.th/en/shopping/shopping-update/lifestyle-activities

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