Central Pattana to invest 46b baht over three years

Bangkok

THAILAND'S largest shopping mall developer Central Pattana pcl said it aimed to invest about 46 billion baht (S$1.8 billion) from 2016 to 2018, mostly on developing new projects, to boost average revenue growth to 15 per cent a year.

Central Pattana also planned to spend about 15-16 billion baht in 2016 when revenue is forecast to rise 15 per cent, senior executive vice-president Naparat Sriwanvit said during an earnings presentation. Revenue growth was 9 per cent in 2015.