TCC Land earmarks Bt20bn for shopping centre development
TCC Land Asset World, a subsidiary of beverage tycoon Charoen Sirivadhanabhakdi’s TCC Land Group, has set aside a 2018-2020 investment budget of Bt20 billion for the development of shopping centres in Bangkok and Chiang Mai, retail group managing director Napat Charoenkul said on Monday.
Bt6 billion will be spent on expanding its shopping centre at Asiatique the Riverfront Charoen Kung on a 20-rai (3.2 hectares) plot, with completion scheduled for 2020, while Bt3 billion will be used to develop Asiatique the Riverfront in Chiang Mai from 2018 to 2010, he said.
Another Bt4.5 billion will be invested in developing shopping centres under the Gateway brand, with Bt2.5 billion allocated for a project in Bang Sue and Bt2 billion for another in Thon Buri.
Both are scheduled to open next year, the MD said.
TCC Land Asset World also plans to invest Bt3.5 billion for developing its market places under the Tawanna Market brand in three locations – Bang Plee, Rama II and Thon Buri – during 2018 and 2019.
The remaining Bt3 billion will be spent on renovating shopping centres such as Pantip and Gateway Ekamai, Napat added.
