Bangkok: The management of CPN Retail Growth Real Estate Investment Trust (CPNREIT) has set an ambitious goal to double its asset size by 2032 in a bid to generate stable and sustainable returns for its unit holders. Currently, CPNREIT manages a portfolio that includes seven shopping malls and one hotel.
According to Thai News Agency, Ms. Patmika Pongsoormas, Chief Executive Officer of CPN REIT Management Co., Ltd., highlighted the success of Central Pinklao and Central Chiang Mai Airport, emphasizing their potential to add significant value. CPNREIT is focusing on improving and upgrading its assets to drive future revenue growth. This strategy has been met with positive feedback from customers, boosting confidence among retail partners and encouraging them to invest in business expansion and long-term growth alongside CPNREIT.
CPNREIT is advancing its long-term growth strategy, which centers on enhancing the potential of its shopping malls and increasing asset value. The trust's current portfolio includes high-potential assets such as Central Pinklao, Central Chiang Mai Airport, Central Rama 2, Central Rama 3, Central Pattaya, Central Marina, and Central Lampang. Additionally, CPNREIT owns four office buildings: Pinklao Tower A and B, The Nine Towers, and Unilever House, along with one hotel, Hilton Pattaya.