Nature of Business
Centralpattana's core businesses comprise the development of shopping complexes and other complementary mixed-use projects, which include residences, office buildings and hotels, to add value to the shopping complexes.
Central Pattana Public Company Limited (the Company) is a developer and manager of large-scale shopping mall and related business including office, hotel, and residential project. The Company also do collaboration and co-creation with potential partners to deliver novelties to our clients. Moreover, Company invests in CPN Commercial Growth Leasehold Property Fund (CPNCG) and CPN Retail Growth Leasehold REIT (CPNREIT), and is the property manager and REIT manager.
Centralpattana business
Categorized based on sources of revenue in six business groups described as follows:
Centers
Central Pattana’s main source of revenue, the shopping center business accounts for more than 80% of the total revenue. Revenue is derived from rental of retail space, utility and security services, cleaning services, rental & services of convention halls, onsite media services, and marketing activities in common area of 38 shopping centers - 16 in Bangkok Metropolitan Area, 21 in prime provincial areas, and one in Malaysia. There are 5 shopping centers were leased out to CPNREIT in which Central Pattana is the property manager.
Buildings
The office building business involves the development of office buildings for rent not only for Central Pattana’s complementarity with the shopping centers, but also for its value accretion from the optimization of land use and efficiency of car park management.
The hotel business on the same premises as shopping centers complements the shopping center business in terms value accretion to the overall project by making the most use of properties for the maximum return on investment. Revenue from the hotel business comprises room revenue, sale of food & beverage and rental of units in buildings and service income.
Central Pattana owns five hotels:
- Centara Hotel & Convention Centre Udonthani comprises 259 rooms.
- Hilton Pattaya Hotel consists of 302 rooms
- Centara Korat Hotel consists of 218 rooms
- Go! Hotel consists of 76 rooms
- Centara Ubon Hotel consists of 160 rooms
Projects
Delve into the details of housing projects in particular because we understand lifestyle. We have always captured every detail, the need for creatives is a knowingly special function, designing the house to be comfortable and designing a space for quality living in a good society.
Centers
Food centers are considered an essential element that complements shopping centers. Food centers to provide convenience for customers with a wide variety of affordable, quick and ready-to-serve dishes. Central Pattana generates return from space which was rented out to tenants in food centers.
(Real Estate Investment Trust)
Central Pattana is the major unit holder of CPNREIT and CPNCG, representing 26.69% and 25.00% of total ownership respectively. It also serves as the property manager and receives monthly fees under management contracts and profit-sharing agreement based on investment proportions.