The share price of Central Pattana turned positive in the afternoon session on Thursday with a gain of 2.2% following the report of 30-year lease extension for the Central Ladprao.
The State Railway of Thailand (SRT) has officially approved a 30-year lease extension for the Central Ladprao shopping complex with Central Pattana Public Company Limited (SET: CPN).
This significant agreement involves a total compensation package valued at approximately 33 billion baht, alongside a mandatory 4.5 billion baht investment from the private sector to modernise the existing facilities and infrastructure. The new contract is scheduled to take effect in late 2028 and will run until 2058, ensuring a stable long-term revenue stream for the state enterprise.
Following the conclusion of this term, all developed assets and improvements will revert to the ownership of the SRT. Official signing of the documentation is expected to be completed by March 2026, marking a major milestone for both the retail giant and national transport authorities.
