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Old February 6th, 2013, 07:55 AM   #1
napoleon
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NONTHABURI | Central WestGate Complex

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Old February 6th, 2013, 07:56 AM   #2
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Old February 6th, 2013, 07:57 AM   #3
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Old February 6th, 2013, 07:57 AM   #4
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CentralWestGate: A super mall in the making

The Nation January 30, 2013 1:00 am


The Bt10-billion CentralWestGate mega-mall in Nonthaburi is expected to transform Bang Yai into a new central business district outside Bangkok proper.

The project will create more than 10,000 jobs when it is completed in 2015. It will also drive residential growth in Nonthaburi's Bang Yai district to exceed 150,000 units within five years from 50,000 units worth Bt150 billion currently, based on residential projects launched in this location.

Central Pattana is positioning CentralWestGate as a prototype super regional mall for Asia.

"We believe that this is a new lifestyle mall with more than 1,000 anchor stores and super-sized shops of both Thai and international brands," Wallaya Chirathivat, senior executive vice president for business development, design and construction, told a news conference yesterday.

Central Pattana, the retail property developer of Central Group, is targeting the western suburbs of Bangkok, where the government is planning many infrastructure mega-projects such as the MRT Purple Line, the West Outer Ring Road, the Chon Buri Motorway and a third-stage expressway connecting the West Outer Ring Road and Chon Buri Motorway. Bang Yai Intersection serves more than 85 million cars each year on the 12-lane Kanchanapisek and 10-lane Rattanathibet roads.

The 24th shopping centre of the group will be a mixed-use project occupying 100 rai (16 hectares), with 70 per cent for the retail complex and 30 per cent for residential and commercial buildings. It will offer 500,000 square metres of retail space, 5,000-6,000 condominiums and a commercial building such as an office tower.

Central Pattana took out a 30-year ground lease from the landowner, Vantage Group Co, which is held 100 per cent directly and indirectly by the Chirathivat family.

This project will be developed in three phases. The first phase is the retail complex, which will cost Bt10 billion for both land and construction. The second phase will be the residential complex aimed at the middle- and upper-income markets. The last phase will be the commercial building, Wallaya said.

"We cannot say how much the budget for the next two phases will be. It may be nearly Bt10 billion or more depending on the project design in the next step. However, for the residential phase, the lease might be revised to be sold. That will be done again when the project is completed," she said.

The company projects 200,000 customers a day when the project holds its grand opening in 2015, the same year that the Asean Economic Community becomes effective.

The project is expected to serve the AEC because of its location linking the western part of metropolitan Bangkok, especially from Bang Yai to Kanchanaburi, to Dawei Port on the Andaman Sea.

The company aims to add about three branches a year to boost its local network from 20 properties in 2012 to 30 branches in 2015, bringing on line 1.54 million square metres for an average increase of 10 per cent a year. This year the plans calls for three new shopping centres - one in Ubon Ratchathani in the second quarter and two in Hat Yai and Chiang Mai in the fourth quarter - followed by four shopping centres in 2014 and three more in 2015.

The company has secured sites for the new shopping complexes, including the old Suan Lum Night Bazaar and the old Thai Melon Polyester factory, which sat on a 616-rai parcel on Phaholyothin Road behind the Red Line tracks.

http://www.nationmultimedia.com/busi...-30199000.html
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Old February 6th, 2013, 07:58 AM   #5
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CPN plans B10bn 'super mall'

Published: 30 Jan 2013 at 00.00Newspaper section: Business

Central Pattana Plc (CPN), the SET-listed retail developer of the Central Group, will build what it is dubbing its first "super mall" in Nonthaburi this year, worth more than 10 billion baht near the Bang Yai intersection.

Ms Wallaya says CentralWestGate will be CPN’s secondlargest investment after CentralWorld. The firm dubbed Bang Yai Bangkok’s gateway to the West, and it expects the Asean Economic Community and the Dawei megaproject in Myanmar will propel traffic in the area.

Wallaya Chirathivat, CPN's senior executive vice-president for business development, design and construction, said construction of CentralWestGate has already started on 100 rai near Big C Supercenter's Bang Yai branch and is scheduled to be completed in 2021.

The project has three phases, with the first featuring 300,000 square metres of retail space and slated to be finished in 2015.

The remaining two phases will take another 2-6 years for completion, with the second phase covering an additional 100,000 sq m of retail space and 5,000 condominium units, while the third will add another 100,000 sq m of retail space.

CentralWestGate will be the second-largest investment for CPN after CentralWorld, which covers 700,000 sq m and cost more than 20 billion baht.

CPN operates 20 shopping complexes now in many formats.

It is developing three new complexes in Ubon Ratchathani, Chiang Mai and Hat Yai, which will open in April, November and December, respectively.

CentralWestGate is expected to create more than 10,000 new jobs and will have parking for 6,000 cars.

It is being developed as a regional super mall aimed at promoting Thailand as a regional shopping hub when the Asean Economic Community kicks off in 2016, said Ms Wallaya.

"We chose Bang Yai because the area has high potential to become a new city with soaring growth. Bang Yai will become Bangkok's new central business district and develop a new residential area that matches the government's city expansion policy," she said.

The mall is expected to drive growth and job creation in the community as well as investment in residential and commercial projects, said Ms Wallaya.

The Bang Yai intersection is Bangkok's gateway to the West, where the 12-lane Kanchanaphisek and 10-lane Rattanathibet roads meet. These roads serve more than 85 million cars each year.

The area is also connected with the western route of the motorway that links Bang Yai, Ban Pong and Kanchanaburi, which will be constructed to welcome the AEC and the Dawei project in Myanmar, as well as the third-stage expressway that connects the Western Outer Ring Road and Chon Buri Motorway in addition to the MRT Purple Line (Bang Yai-Bang Sue).

When construction of the Third Outer Ring Road is completed, the shopping centre is projected to attract people from 15 provinces.

Bang Yai is expected to become a new residential area with 150,000 residential units projected within five years.

"CentralWestGate will serve more than 200,000 shoppers a day," said Ms Wallaya.

http://www.bangkokpost.com/business/...10bn-uper-mall
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Old February 6th, 2013, 07:59 AM   #6
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Old February 6th, 2013, 07:59 AM   #7
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Old February 6th, 2013, 09:50 AM   #8
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Nice images. Thanks for sharing updates on the property.
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Old February 9th, 2013, 07:45 PM   #9
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In terms of retail space, will this be the biggest mall in Thailand?
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Old June 24th, 2015, 01:42 PM   #10
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Old June 24th, 2015, 01:47 PM   #11
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Old June 24th, 2015, 01:48 PM   #12
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Old June 24th, 2015, 01:49 PM   #13
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