CPN sees potential in Chiangmai province with a development of new CentralPlaza Chiangmai 2.

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Jun 04, 2008



Central Pattana Public Company Limited "CPN" is affirming its position as a leading retail property development in Thailand with the announcement of new CentralPlaza Chiangmai 2 on the super highway to the north of Chiangmai. Chiangmai is the centre of prosperity and it is continuously growing in every aspect. The lifestyle of people in Chiangmai and nearby towns is becoming increasingly urbanized and shopping centres can be developed as leisure and entertainment destinations and modern community centres. The location also would be appropriate due to convenient transportation, preferred route for traveling to Chiangrai, developed infrastructure, a new residential area, surroundings with many high-class hotels and housing estates nearby. The project will build on the company's customer base of young people, families, and Thai and foreign tourists and will act as the true "lifestyle hub" of the northern region.

Moreover, CPN puts a priority on energy conservation and environmental conservation so the design of this new project is based on the innovative Leadership in Energy & Environmental Design or LEED concept, the latest trend in retail-centre development. The building will be designed to make better use of natural sunlight, using environmental-friendly material and more green areas will be included.

Fact sheet on geography and demography

Comparison

Bangkok

Chiang Mai

Registered Population
Actual Population

5.6 million
around 10 million

1.6 million
around 2.5 million

Tourist

27 million
( Yr 2007)

5.1 million ( Yr 2007)
expected to increase to 5.7 million in 2010

Household income (baht/ month)

29,843

12,586

Number of house

2,150,706

607,059

Number of large-scale shopping center

34

2

Information on CentralPlaza Chiang Mai 2

Information

CentralPlaza Chiang Mai 2

Location

Located on the super highway to the north of Chiangmai

Positioning

Largest and most modern lifestyle shopping complex in the North

Area

70 Rais or 112,000 square meters

Space

Around 250,000 square meters

Investment

Approximately Baht 5,000 million

Construction begins

Within 2008

Opening

Fourth quarter 2010

Potential customers

 North of Chiangmai and nearby provinces including Lampoon, Lampang and Chiangrai: which has population growth rate of 16% in 5 years

Target group

  • 3.6 million people in Chiangmai and nearby provinces
  • Over 5 million tourists
  • 153 branches of banks, 14 hospitals, 12 government offices in the city and other 40 in the region
  • 9 universities

Facilities
  • Central Department Store
  • Leading anchor stores
  • More than 200 leading retailers
  • entertainment centre

Anchor stores

Central Department Store, Tops Market, Power Buy, Office Depot, B2S, Super Sport, fitness centre, entertainment centre and cinema

Source: CPN's estimate