Central Pattana Plc., Thailand’s leading retail and real estate developer, has achieved a significant milestone by being ranked as the top Thai real estate company on the 2024 Fortune Southeast Asia 500 list. This recognition underscores the company’s exceptional growth and strategic vision.
Key Takeaways
- Central Pattana topped Thai real estate companies on the 2024 Fortune Southeast Asia 500 list.
- The company reported a 26% revenue increase in 2023, reaching 46.79 billion baht.
- Central Pattana’s five-year investment plan from 2024-2028 totals 121 billion baht.
- The company received multiple accolades at the Retail Asia Awards 2024, including ‘CEO of the Year’ and ‘Mall of the Year.’
Remarkable Growth and Strategic Vision
Central Pattana’s inclusion in the 2024 Fortune Southeast Asia 500 list is a testament to its robust business model and strategic investments. The company reported a remarkable 26% increase in revenue for 2023, amounting to 46.79 billion baht. This growth has enabled Central Pattana to deliver the highest dividends since its founding, reflecting its long-term investment strategy.
The company’s five-year plan from 2024-2028 includes a total investment of 121 billion baht, aimed at revolutionizing the global retail landscape. This ambitious plan includes the development of five mega projects, adding 2.2 million square meters of retail space in Bangkok.
Prestigious Accolades at Retail Asia Awards 2024
Central Pattana’s achievements extend beyond financial metrics. The company garnered multiple prestigious awards at the Retail Asia Awards 2024. Ms. Wallaya Chirathivat, President and CEO of Central Pattana, became the first Thai leader to win ‘CEO of the Year,’ highlighting her exceptional leadership and vision.
The company’s flagship property, centralwOrld, earned two significant distinctions: ‘Mall of the Year’ for its world-class retail experiences and ‘Marketing Initiative of the Year’ for its innovative marketing strategies. These accolades reaffirm centralwOrld’s position as a global landmark at the heart of Bangkok.
Vision for Sustainable Growth
Ms. Wallaya Chirathivat emphasized Central Pattana’s commitment to sustainable growth and improving the quality of life for people and communities. The company’s strategic model, ‘The Ecosystem for All,’ integrates shopping centers with residential projects, hotels, and office buildings nationwide. This holistic approach aims to ensure economic growth while focusing on environmental sustainability.
"Central Pattana has been one of the key driving forces for the growth of Thailand for 44 years through our investment under the strategic model of ‘The Ecosystem for All,’" said Ms. Chirathivat. "We want to develop spaces to improve the quality of life for people and communities, while focusing on the environment and ensuring economic growth in Thailand."
Central Pattana’s recent achievements and future plans position it as a leader in the global retail and real estate sectors, setting a benchmark for innovation, sustainability, and strategic growth.
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