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Siam Piwat plans 2 megamalls

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Siam Paragon luxury shopping center in Bangkok

Siam Paragon luxury shopping center in Bangkok. Photo: KhunBhun / flickr.


Siam Piwat Co, the operator of Iconsiam and Siam Paragon, will spend 70 billion baht during 2019-23 to develop two large-scale malls and acquire office towers and logistics centres as it aims for 51-63 billion baht in revenue by 2023.

Chief executive Chadatip Chutrakul said 90% of the five-year investment budget will be spent on development of large-scale malls, which will be either the same size or larger than mixed-use development Iconsiam.

Full story: Bangkok Post

KANANA KATHARANGSIPORN
BANGKOK POST


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