- Continues Long-Term Investment Strategy with Vision ‘Pioneering Growth & Beyond’, Aiming to set a new benchmark in landmark mega-project development
- Reinforcing its leadership with prestigious national and global accolades — Central Pattana secures DJSI World for the 7th consecutive year among 244 leading global real estate companies, and wins ‘Thailand’s Most Admired Company’ for the third year in a row
- Creating Festive Landmarks to Propel Thailand as a Regional Tourism Hub, ‘Thailand’s Songkran Festival 2025’ Draws over 10 million participants nationwide, generating over 30 million engagements across all platforms
Central Pattana Public Company Limited (SET: CPN) reports strong 1Q25 Results, Total Revenue at THB 12.16 billion, and Net Profit of THB 4.22 billion. The company unveils its vision of ‘Pioneering Growth & Beyond’, enhancing the potential of districts and cities while driving Thailand’s economy onto the global stage.
CPN is spearheading landmark mega-projects nationwide and advancing Thailand toward becoming a Global Destination. Through ongoing marketing campaigns and the creation of festive landmarks, the company supports the country’s rise as a regional Tourism Hub, attracting international visitors year-round with world-class events and festivals.
Ms. Naparat Sriwanvit, CFO and President, Hotel and Office of CPN, stated, “In Q1/2025, private consumption was primarily supported by the government’s “Easy E-Receipt 2.0” program and the initiatives to support the property business which will support to property sector since Q2/2025 onwards.
Amid these positive factors, CPN’s Retail-Led Mixed-Use Development strategy-a core strength of the company-has propelled its Q1/2025 performance to reached net profit of 4.22 billion baht – reflecting continued growth year-on-year and total revenue stood at 12.16 billion baht.
The strong revenue was driven primarily by the rental & services and hotel businesses, while the retail and hospitality segments, particularly Centara and Go Hotel, showed remarkable recovery. This performance underscores the resilience of Central Pattana’s business model and growing investor confidence as the economy steadily regains momentum.”
Accelerates strategic expansion of business portfolio.
CPN recently launched the Market Place Thepharak project on 28 March 2025, introducing a new concept, “Urban Fresh Market”-a new lifestyle hub in the heart of the Phahonyothin-Watcharapol area. Covering over 7,300 sq.m., the project features more than 360 stores, offering a full range of lifestyle experiences for residents of North Bangkok.
In parallel, the company continues to attract top global and Thai brands to expand their presence across Central shopping centers nationwide. Notable highlights include Nitori, Japan’s No.1 furniture brand, opening its first branch outside Bangkok at Central Pattaya and Central Si Racha, and POP MART, which launched its first store outside Bangkok at Central Pattaya as a pop-up store – followed by the debut of its first full-scale store in West Bangkok at Central Westgate.
These milestones reflect the strong confidence that leading global brands place in the potential of Central Pattana’s retail ecosystem.
Announcing the vision ‘Pioneering Growth & Beyond’, Central Pattana is moving forward with a long-term investment of 120 billion baht over the next five years (2025-2029) to develop mixed-use projects and transformative developments across all regions of Thailand.
Under its Retail-Led Mixed-Use Development strategy, CPN continues to enhance the potential of neighborhoods and cities nationwide while propelling Thailand’s economy onto the global stage.
The company is set to launch a series of transformative projects across the country, including three major new developments: ‘The Central’ Phahonyothin, a visionary mega project poised to become Bangkok’s next New CBD; ‘Central Northville’, a large-scale mixed-use destination in the heart of Nonthaburi; and ‘Central Khonkaen Campus’, the company’s second project in Khon Kaen, reinforcing its presence in the Northeast.
In 2025, CPN will also introduce landmark projects such as ‘Central Park’, a masterpiece retail destination at one of Bangkok’s most prestigious addresses under the concept Here for Bangkok, and ‘Central Krabi’, a flagship that will redefine world-class tourism through its positioning as a model for Sustainable & Mindful Travel.
The expansion also includes residential projects within mixed-use developments, such as Baan Ninya Krabi, a modern housing project; Phyll Krabi, a condominium set to launch its pre-sale in July; and Baan Nirada Chaengwattana–Chaiyapruek, a luxury single-detached home development with pre-sales beginning in May.
Creating festive landmarks across Thailand, driving year-round tourism.
Highlighting the success of Thailand’s Songkran Festival 2025, the world phenomenon which energized all regions of the country and drew over 10 million participants nationwide, while elevating Thailand’s retail and social media scene with over 30 million engagements across all platforms — the No.1 phenomenon, helping elevate Songkran into a true world-class cultural phenomenon.
Kicking off the new year with “The Great Chinese New Year 2025”, the company also created the ultimate landmark for shopping, worship, dining, and travel-stimulating nationwide spending and economic circulation across Thailand.
Reinforcing its position as a global sustainability leader, Central Pattana has been listed on the DJSI World Index for the 7th consecutive year and the DJSI Emerging Markets Index for the 11th year, standing out among 244 leading real estate companies worldwide.
Underscoring its commitment to the Net Zero 2050 goal, CPN advances sustainability across all dimensions — People, Place, and Planet. This dedication is further affirmed by its recognition as Thailand’s Most Admired Company 2024–2025 by BrandAge magazine for the third consecutive year, ranking No.1 in the shopping center sector.
The accolade highlights six core strengths: innovation, business operations, brand image, management, social responsibility, and service excellence. Together, these achievements reflect the company’s potential as a transparent, governance-driven organization that is growing sustainably on a global scale.
As of 1Q25, CPN operates a total of 42 shopping centers (40 Central shopping centers – 16 in Bangkok and perimeter, 23 in provincial Thailand, one in Malaysia, one Esplanade and one Mega Bangna), and 16 community malls with a combined net leasable area of 2.3 mn sqm. In addition, CPN operates 37 food courts, 10 office buildings, 10 hotels and 44 residential projects.
