1 January 2021
Central Pattana celebrates 40 years of Growth & Sustainability
The burgeoning growth of Central Pattana Public Company Limited (CPN) began with the late CEO Samrit Chirathivat’s vision to integrate international concepts that combine various stores, restaurants, banks, and recreational spaces in a single site that turns a department store into a shopping complex. Initially founded under the name Central Plaza Co., Ltd. in 1980, with a registered capital of 300 million baht, just two years later Central Pattana established CentralPlaza Ladprao as Thailand’s first shopping complex.
A decade went by, and Central Pattana was handed over to the new CEO, Sudhitham Chirathivat, who listed the company on The Stock Exchange of Thailand on March 1, 1995, with a registered capital of 1,000 million baht, at a par value of 10 baht. This clearly paved the way for Central Pattana’s national rise and, in 2003, under the direction of CEO Kobchai Chirathivat, Central Pattana began growing by leaps and bounds as it opened 2-3 new locations in just a year.
Central Pattana’s focus on sustainable development was played up under the leadership of CEO Preecha Ekkunagul, who, in 2014, expressed the intent to make the company’s name stand for “Center of Life”. This concept followed the company as it began to thrive as a global-scale property developer. Then, in 2017, Central Pattana was honoured to be among only 10 Thai companies accepted into the Dow Jones Sustainability Indices, an internationally recognised measure of sustainable development, out of a pool of at least 528 companies from 26 countries worldwide.
Brighter roads ahead
As of Q2 2021, Central Pattana runs 34 shopping centres in Thailand and abroad, 10 office buildings, two hotels, two co-working spaces, and 15 residential projects, not to mention other heavily-funded joint ventures with the company’s allies such as Dusit Thani, Hongkong Land Ltd., Grab and Mitsubishi Estate Asia Pte Ltd.
Building on the former CEO Kobchai’s vision, Central Pattana’s first shopping centre aboard — Central i-City — was established in Malaysia. Following completion of market surveillance, the second establishment abroad was set to be in Vietnam.
In its drive to achieve its brand purpose of “Imagining Better Futures for All”, the property development section of Central Pattana sought to create meaningful experiences for its residents by providing blissful living spaces, accommodating entrepreneurs’ needs on-site, and treating all equitably. It’s all part of conducting business with good governance. Creating local jobs and other plans to lift communities in vicinities of Central Pattana projects take place in the context of eco-friendly management systems.
A force for a sustainable future and endless sharing
Over the years, Central Pattana’s growth and development has come to involve 5,000 employees and entails working for business partners and communities while contributing to Thai economic development.
In terms of achieving international standards, Central Pattana paved the way to global certifications for energy saving and greenhouse gas reduction. Central Pattana has also always adhered to good corporate governance, focusing on transparency and accountability as well as the satisfaction of all stakeholders in the entire value chain. In this respect, Central Pattana takes into account the three key sustainability criteria, namely, the economics, societal dimensions, and environmental aspects, thereby creating shared value for the business, its stakeholders and the environment.
In challenging times, from economic recession to COVID-19, Central Pattana has been getting through with Thais and contributing to society in many ways. Central Pattana has pioneered a model for Central shopping centres as the safe venues for provincial vaccination centres.
For over the past 40 years, we have been contributing to the society by creating local pride and prosperity for communities. We have also been supporting entrepreneurs and local SMEs especially during challenging times by providing our free commercial spaces in strategic locations.
1 January 2021
Central Pattana celebrates 40 years of Growth & Sustainability
The burgeoning growth of Central Pattana Public Company Limited (CPN) began with the late CEO Samrit Chirathivat’s vision to integrate international concepts that combine various stores, restaurants, banks, and recreational spaces in a single site that turns a department store into a shopping complex. Initially founded under the name Central Plaza Co., Ltd. in 1980, with a registered capital of 300 million baht, just two years later Central Pattana established CentralPlaza Ladprao as Thailand’s first shopping complex.
A decade went by, and Central Pattana was handed over to the new CEO, Sudhitham Chirathivat, who listed the company on The Stock Exchange of Thailand on March 1, 1995, with a registered capital of 1,000 million baht, at a par value of 10 baht. This clearly paved the way for Central Pattana’s national rise and, in 2003, under the direction of CEO Kobchai Chirathivat, Central Pattana began growing by leaps and bounds as it opened 2-3 new locations in just a year.
Central Pattana’s focus on sustainable development was played up under the leadership of CEO Preecha Ekkunagul, who, in 2014, expressed the intent to make the company’s name stand for “Center of Life”. This concept followed the company as it began to thrive as a global-scale property developer. Then, in 2017, Central Pattana was honoured to be among only 10 Thai companies accepted into the Dow Jones Sustainability Indices, an internationally recognised measure of sustainable development, out of a pool of at least 528 companies from 26 countries worldwide.
1 January 2021
Brighter roads ahead
As of Q2 2021, Central Pattana runs 34 shopping centres in Thailand and abroad, 10 office buildings, two hotels, two co-working spaces, and 15 residential projects, not to mention other heavily-funded joint ventures with the company’s allies such as Dusit Thani, Hongkong Land Ltd., Grab and Mitsubishi Estate Asia Pte Ltd.
Building on the former CEO Kobchai’s vision, Central Pattana’s first shopping centre aboard — Central i-City — was established in Malaysia. Following completion of market surveillance, the second establishment abroad was set to be in Vietnam.
In its drive to achieve its brand purpose of “Imagining Better Futures for All”, the property development section of Central Pattana sought to create meaningful experiences for its residents by providing blissful living spaces, accommodating entrepreneurs’ needs on-site, and treating all equitably. It’s all part of conducting business with good governance. Creating local jobs and other plans to lift communities in vicinities of Central Pattana projects take place in the context of eco-friendly management systems.
1 January 2021
A force for a sustainable future and endless sharing
Over the years, Central Pattana’s growth and development has come to involve 5,000 employees and entails working for business partners and communities while contributing to Thai economic development.
In terms of achieving international standards, Central Pattana paved the way to global certifications for energy saving and greenhouse gas reduction. Central Pattana has also always adhered to good corporate governance, focusing on transparency and accountability as well as the satisfaction of all stakeholders in the entire value chain. In this respect, Central Pattana takes into account the three key sustainability criteria, namely, the economics, societal dimensions, and environmental aspects, thereby creating shared value for the business, its stakeholders and the environment.
In challenging times, from economic recession to COVID-19, Central Pattana has been getting through with Thais and contributing to society in many ways. Central Pattana has pioneered a model for Central shopping centres as the safe venues for provincial vaccination centres.
For over the past 40 years, we have been contributing to the society by creating local pride and prosperity for communities. We have also been supporting entrepreneurs and local SMEs especially during challenging times by providing our free commercial spaces in strategic locations.