From Strong Beginning ... To be the leading retail developer with world-class experience
CPN was founded on June 17, 1980 with a registered capital of Baht 300 million. Over the past decade, the company has observed a dramatic shift not only in consumer trends but also market demands for more fully intergrated shopping complexes that can offer consumers a total "one-stop-shopping" experience.
As a true market pioneer with a resolved understanding of changing market trends, CPN developed a series of quality mixed-use complexes that can readily meet consumer needs. Among the first to be established was the CentralPlaza Ladrprao in 1982, which truely reflects the company's mission to innovate and revolutionize the ideal retail experience.
CPN later observed a significant milestone as it became a Public Company Limited in 1994, and was subsequently registered on Thailand's Stock Exchange in 1995. More importantly, in 2001, CentralPlaza Ladprao became the first-ever shopping center in Thailand to have been certified and awarded the coveted ISO 9001 -2000.
Over 30 successful years, CPN has evolved into Thailand's largest and most sophisticated developer of retail property. Currently the Company owns and manages 24 premium shopping centers, 7 office buildings, 2 Hotels and 2 residential condominiums. With a total gross floor area (GFA) exceeding 5 million. squaremetres, CPN is undoubtedly the industry leader surpassing its closest competitor by more than double in size.
The Company's long-term strategy envisages the development of its trademark shopping centers in well-identified locations offering high potential both in Bangkok and in major cities throughout Thailand. Its next challenge is to move overseas, exporting its retail property expertise to neighboring countries through the development of innovative World class shopping centers in strategic markets.
|Number of Shopping Centers:
|Total leasable area (sqm):
||96% As of 4th quarter 2013
|24 March 2014
|Number of Offices:
|Total leasable area (sqm):
||98% As of 4th quarter 2013
|24 March 2014
Looking to the Future
The Path Forward to Strong Corporate Growth
As part of its long-term strategy of continuous property development
A new milestone in Thai retail shopping complex was reached in 2006 when CentralWorld opened in the heart of Bangkok shopping district. CentralWorld has become the largest and most pre-eminent mixed-use shopping complex in Southeast Asia, The CentralWorld shopping complex will feature: over 500,000 sqm., of world-class shopping center offering a diverse selection of anchor stores, retail shops, restaurants and entertainment; 80,000 sqm of premium grade office tower; a convention center and meeting complex of 17,000 sqm complementing a 500-room five-star deluxe hotel.
The CPN Retail Growth Property Fund (CPNRF) and CPN Commecial Growth Property Fund (CPNCG) will become the principal source of capital for all the new developments. Selected CPN shopping centers and office buildings are transferred to the Fund, which then offers shares to outside investment. Judging from the immense popularity of the launch offer, any new share offerings will generate substantial capital to ensure the continuous development of new properties.
In addition to its new development projects, the Company continually enhances its existing shopping centers to be at the cutting edge of retail. The latest retail innovations are studied and introduced; world-class standards of; tenant and customer services, M&E service, cleaning service and security service are implemented in every area of operation. The management system and human resources are strengthened to ensure continued customer loyalty for CPN-branded retail properties.
At the Forefront of Retail
Every project of CPN has become a major success. This remarkable achievement has propelled the Company to the forefront of the retail property industry and earned it recognition as one Asia's leading public companies. CPN's goal now is to utilize its outstanding capabilities and experience to explore and successfully develop new business opportunities in Thailand and Southeast Asia.
In 2005, Forbes magazine honored CPN as one of the Top 200 Companies in Asia-Pacific with revenues not exceeding US $1 billion. CPN is proud to be one of only 10 companies in Thailand to be honored, and the only commercial real estate organization.
CentralWorld, CPN's flagship project, won Best of the Best Award in Design & Development from ICSC in 2010 and was awarded the Gold Award in Marketing for the re-opening of CentralWorld campaign in 2011, the awards which consider to be the oscars for shopping malls.
Today CPN leads the way as the most accomplished retail developer in Thailand with 24 extremely successful shopping centers. Each is a market leader in its community, built on innovative marketing, world-class standards, quality and excellence in operations, earning tremendous customer loyalty for its imaginative blend of anchor stores, retail shops and inventive attractions.
Of the many reasons for the Company's dynamic progress, outstanding human resources continue to be the essential ingredient for success. A skillful and experienced management team works hand in hand with a highly trained and motivated workforce to create a partnership that is the driving force for Central Pattana's impressive achievements.
A Giant of Retail Development
Retailers believe location is everything. And for over 30 years CPN has used unwavering good judgment in selecting strategic locations for its shopping centers. Long experience in shopping center operations and dynamics coupled with careful surveys of the best locations for trading areas have given its shopping centers the highest potential for success.
- The Dream Team ... Creating Great Themes
- World-Class Standard
- Partnership of Trust
- Strong Financial Position
- Consistent Growth