TCC Land plans mall renovations, Pantip centres
TCC Land Group will renovate three shopping malls in Chiang Mai and Bangkok for Bt150 million and open six Pantip electronics centres in Tier 2 cities such as Hat Yai and Khon Kaen in the next couple years to capture all domestic markets.
“We are doing research to expand and set up new Pantip IT malls in six other provinces,” Sansern Na Patthlung, asset manager of Pantip Pratunam, TCC Land and Asset World, said yesterday.
“We will also renovate three existing Pantips at Chiang Mai and Bang Kapi by the end of this year and Ngam Wongwan next year with the investment of Bt150 million,” he said.
This follows the upgrade of |the original Pantip in Pratunam |as the Bt300 million Tech-Life Mall.
The new Pantip Pratunam revolution comes with a new experience and technology lifestyle communiti for customers.
The e-arena will encourage and support e-sport athletes while the SYN Hub co-working space was designed for startups and technology makers.
The mall will also make available Internet of Things-related technology such as smart homes and virtual reality to support the new lifestyle of customers and the new generation.
It offers more than 17,000 square metres of space, of which about 75 per cent has already been rented to over 400 IT shops.
The Tech-Life Mall expects to gain 35,000-40,000 visitors a day and generate revenue of about Bt660 million this year.
Of the total revenue, 80 per cent will come from renting shops and the new experience zone and 20 per cent from providing services such as events and exhibitions on premises.
The firm expects total revenue to grow 10 per cent this year from last year’s Bt900 million and then 15 per cent next year.
It plans to spend Bt50 million on marketing this year.
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