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TCC shopping centres to spend Bt8.2 billion in new investments

Nov 09. 2017
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By The Nation

Napat Charoenkul, managing director of retail group, TCC Land Asset World Co, Ltd, said the company is expecting 2017 revenue to reach about Bt3 billion – 15 per cent growth over the previous year’s achievement – and corresponding to an increase in daily customers visiting the company’s 10 projects from about 200,000 people to 250,000 people.

Each project is on-target to meet its goals, said Napat. The company is expecting total revenue for 2018 to climb to Bt3.5 billion, or 17 per cent growth, resulting from the development and improvement of shopping centers under the company’s umbrella as well as the expansion of the tourism industry.

In 2018-2019, TCC Land Asset World will renovate and enhance each shopping centre, increasing their size, and also better matching the lifestyles of modern customers, said Napat.

Shopping centers now under renovation and expected to be completed in 2018 include Pantip Ngamwongwan with a Bt50 million investment budget, Pantip Bangkapi with a Bt50 million investment budget, and Box Space Ratchayothin with a Bt100 million investment budget, which will be transformed into a “community market”.

New projects being planned include Lasalle with a Bt500 million investment, Gateway Bang Sue Shopping Centre with an investment budget worth Bt4 billion, Tawanna Bangplee budgeted at Bt1 billion and Tawanna Rama II at Bt2.5 billion. Totally upcoming investments will reach Bt8.2 billion, said Napat.

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