CPN aiming sky-high
POST REPORTERS
Kuala Lumpur has the Petronas Towers, New York City the Empire State Building, and Paris the Eiffel Tower.
Kobchai Chirathivat thinks Bangkok's landscape deserves its own icon.
''We want to build the tallest building in the country, a landmark for the city,'' said Mr Kobchai, the president and chief executive officer of Central Pattana Plc, the property-development arm of the Central Group.
''It will be a building that is uniquely Thai, but also high-tech and modern.''
The new skyscraper underpins CPN's proposals for the development bid of the Suan Lum Night Bazaar. The Crown Property Bureau is currently reviewing bid proposals for the site, a 127-rai plot bordered by Wireless and Rama IV roads in the middle of the central business district.
Mr Kobchai said CPN's proposal would emphasise harmony with the natural environment in keeping with the site's location opposite Lumpini Park.
''We will build an environment of trees rather than massive concrete, using an open-air concept that will offer city resi dhdents, businessmen and tourists a new destination to visit,'' he said.
The office tower would be designed as the country's tallest, with up to 90 storeys. Currently, Baiyoke Tower II is the country's tallest building, at 304 metres and 85 floors.
''We want to build an art object that will help develop the Bangkok skyline,'' Mr Kobchai said.
''Buildings are an art form. If you look at Malaysia, it has the Petronas building. And everyone visiting New York City must visit the Empire State Building.''
Mr Kobchai said that if CPN won the development contract, the design of the project alone could take 12 to 18 months, with completion within four to five years.
''The site would need to have a distinct identity, one that is different from CentralWorld, Siam Paragon or Central Chidlom,'' he said, adding that retail space for the project would be around 150,000 square metres.
Meanwhile, CPN is preparing to open the CentralWorld shopping complex on June 30, touted as the largest in Thailand with 550,000 sq m of retail space.
The shopping complex, located at the Ratchaprasong intersection, will be the heart of the 26-billion-baht CentralWorld, which includes a 45-storey office building opened last year, a 17,000-sq m convention centre to open later this year and a five-star, 55-storey hotel due in 2008.
Mr Kobchai said the new mall would be ''funky and sexy'', with an emphasis on open space to bring a sense of airiness to the site, formerly known as the World Trade Centre.
The mall has been substantially changed from its former incarnation, with new ''wells'' created to allow clear lines of sight between one floor to the next and skylights installed to offer natural lighting inside the space.
The launch of CentralWorld is expected to boost total revenues by 15% for CPN, with the mall overtaking Central Lat Phrao mall as the single largest contributor to the business at around 50% of total revenues.
Mr Kobchai said CPN was also looking for opportunities around the new Suvarnabhumi Airport, which once open, would help spur strong growth in eastern Bangkok.
CPN, which last year announced plans to invest 8.5 billion baht in two new shopping complexes on Chaeng Watthana Road and in Pattaya, targets to have 20 local and international malls open by 2010.
''We want to leverage our expertise in the retail sector to have a presence in every major population centre of the country, whether it be through large-scale complexes or smaller Central Town malls,'' Mr Kobchai said.
CPN reported first-quarter profits of 456.9 million baht on revenues of 1.8 billion, up from profits of 364.9 million on revenues of 1.65 billion the year before. The company attributed gains to an increase in rental income from The Offices at CentralWorld and Central Town Rattanathibet, as well as management fee income from its property fund, CPNRF.
Shares of CPN closed yesterday on the Stock Exchange of Thailand at 21 baht, up one baht, on trade worth 141.56 million baht.
Source : Bangkokpost : June 2, 2006
POST REPORTERS
Kuala Lumpur has the Petronas Towers, New York City the Empire State Building, and Paris the Eiffel Tower.
Kobchai Chirathivat thinks Bangkok's landscape deserves its own icon.
''We want to build the tallest building in the country, a landmark for the city,'' said Mr Kobchai, the president and chief executive officer of Central Pattana Plc, the property-development arm of the Central Group.
''It will be a building that is uniquely Thai, but also high-tech and modern.''
The new skyscraper underpins CPN's proposals for the development bid of the Suan Lum Night Bazaar. The Crown Property Bureau is currently reviewing bid proposals for the site, a 127-rai plot bordered by Wireless and Rama IV roads in the middle of the central business district.
Mr Kobchai said CPN's proposal would emphasise harmony with the natural environment in keeping with the site's location opposite Lumpini Park.
''We will build an environment of trees rather than massive concrete, using an open-air concept that will offer city resi dhdents, businessmen and tourists a new destination to visit,'' he said.
The office tower would be designed as the country's tallest, with up to 90 storeys. Currently, Baiyoke Tower II is the country's tallest building, at 304 metres and 85 floors.
''We want to build an art object that will help develop the Bangkok skyline,'' Mr Kobchai said.
''Buildings are an art form. If you look at Malaysia, it has the Petronas building. And everyone visiting New York City must visit the Empire State Building.''
Mr Kobchai said that if CPN won the development contract, the design of the project alone could take 12 to 18 months, with completion within four to five years.
''The site would need to have a distinct identity, one that is different from CentralWorld, Siam Paragon or Central Chidlom,'' he said, adding that retail space for the project would be around 150,000 square metres.
Meanwhile, CPN is preparing to open the CentralWorld shopping complex on June 30, touted as the largest in Thailand with 550,000 sq m of retail space.
The shopping complex, located at the Ratchaprasong intersection, will be the heart of the 26-billion-baht CentralWorld, which includes a 45-storey office building opened last year, a 17,000-sq m convention centre to open later this year and a five-star, 55-storey hotel due in 2008.
Mr Kobchai said the new mall would be ''funky and sexy'', with an emphasis on open space to bring a sense of airiness to the site, formerly known as the World Trade Centre.
The mall has been substantially changed from its former incarnation, with new ''wells'' created to allow clear lines of sight between one floor to the next and skylights installed to offer natural lighting inside the space.
The launch of CentralWorld is expected to boost total revenues by 15% for CPN, with the mall overtaking Central Lat Phrao mall as the single largest contributor to the business at around 50% of total revenues.
Mr Kobchai said CPN was also looking for opportunities around the new Suvarnabhumi Airport, which once open, would help spur strong growth in eastern Bangkok.
CPN, which last year announced plans to invest 8.5 billion baht in two new shopping complexes on Chaeng Watthana Road and in Pattaya, targets to have 20 local and international malls open by 2010.
''We want to leverage our expertise in the retail sector to have a presence in every major population centre of the country, whether it be through large-scale complexes or smaller Central Town malls,'' Mr Kobchai said.
CPN reported first-quarter profits of 456.9 million baht on revenues of 1.8 billion, up from profits of 364.9 million on revenues of 1.65 billion the year before. The company attributed gains to an increase in rental income from The Offices at CentralWorld and Central Town Rattanathibet, as well as management fee income from its property fund, CPNRF.
Shares of CPN closed yesterday on the Stock Exchange of Thailand at 21 baht, up one baht, on trade worth 141.56 million baht.
Source : Bangkokpost : June 2, 2006