MBK plans second community mall

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.