BANGKOK -- Thai shopping mall developer Siam Piwat opens the country's largest commercial complex on Nov. 9 in Bangkok, a $1.6 billion project dubbed Iconsiam that also boasts high-rise condominiums.
Thai conglomerate Charoen Pokphand Group and group real estate developer Magnolia Quality Development also are involved in the project.
The commercial and entertainment hub will include a department store operated by Japan's Takashimaya serving as the core tenant. The total floor space of about 520,000 sq. meters surpasses even retail giant Central Group's CentralWorld mall in the Thai capital.
Two luxury condo towers -- one rising 70 stories and the other 52 -- stand adjacent to the new mall.
Iconsiam could redraw the city's commercial map. The complex sits on the bank of the Chao Phraya River on the western side of central Bangkok, away from the Siam and Sukhumvit areas that serve as the capital city's main shopping districts.
Iconsiam's shopping mall will house many brands entering the Thai market for the first time. The Takashimaya store will carry 500 brands, 80 of which come from Japan and are making their debut in Thailand.