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Thailand's mall giant kicks off $3.7bn building spree

Central Pattana plans hotel, office and housing complexes under 5-year plan

 (Photo courtesy of Central Pattana)

BANGKOK -- Top Thai retail developer Central Pattana will spend 120 billion baht ($3.7 billion) over five years to further bulk up its shopping center network under plans announced Tuesday.

Fourteen malls will be added by 2026, raising the total to 50. Residential projects will increase by 45 to hit 68. The portfolio of hotels will grow by 35 projects to reach 37. The company will add three more office building projects, bringing the tally to 13. About half of the new developments will be in mixed-use commercial complexes.

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