1996

March

CPN acquired a shopping center in Chiangmai from the original owner and renamed it CentralPlaza Chiangmai Airport. CPN undertook many improvements in addition to increasing the retail space in order to transform it into the largest and most modern mixed-use complex in the North. Management of this complex has been so successful that the occupancy rate of the tenants increased rapidly to well beyond the 60% occupancy rate at the time of purchase.