MBK plans second community mall
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Thai developer MBK plans to spend 500 to 800 million baht (US$14 to 23 million) building a community mall in Pathum Thani province next year.
President/chief executive Suvait Theeravachirakul says the mall will be opposite Bangkradi Industrial Estate in Pathum Thani.
It is the company’s second community mall following The Nine Center in Bangkok. The new property will occupy a corner of an MBK site where it is developing the Riverdale Golf & Country Club and the Park Riverdale townhouse project.
It is envisaged the mall will serve residential projects inside an eight to 10 km radius, and MBK is also looking at the feasibility of developing a mix-used complex.
Meanwhile, The Nine Center has proven successful through its differentiation from other community malls nearby, says MBK shopping centre department MD Somphol Tripopnart. Its revenue last year was 225 million baht. About 12,000 shoppers visit the centre each day and the company plans to spend 10 million baht to improve its landscaping this year.
Questions & Answers
Q.What is the budget for MBK's new community mall in Pathum Thani?
What is the budget for MBK's new community mall in Pathum Thani?
MBK plans to spend between 500 and 800 million baht (US$14 to 23 million) on the new community mall. This investment is for its construction, which is scheduled to begin next year.
Q.Where exactly will the new community mall be located in Pathum Thani?
Where exactly will the new community mall be located in Pathum Thani?
The new community mall will be situated opposite the Bangkradi Industrial Estate in Pathum Thani province. It will occupy a corner of an existing MBK site.
Q.How successful has MBK's first community mall, The Nine Center, been?
How successful has MBK's first community mall, The Nine Center, been?
The Nine Center generated 225 million baht in revenue last year, attracting around 12,000 shoppers daily. MBK considers it successful due to its differentiation from nearby community malls.
Q.What other developments does MBK have planned for the site of the new community mall?
What other developments does MBK have planned for the site of the new community mall?
The new community mall will be on a site where MBK is also developing the Riverdale Golf & Country Club and the Park Riverdale townhouse project. They are also considering a mixed-use complex there.
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