CPN Retail Growth Leasehold Property Fund (CPNREIT) highlights the success of its large-scale asset transformation at Central Pinklao and Central Chiang Mai Airport, driving strong foot traffic growth and strengthening the overall performance of the trust.
Two Key Assets, One Clear Strategy: Long-Term Value Creation
Central Pinklao, a Class A retail asset in Bangkok’s western district, has undergone a major transformation to better capture the New Wealth consumer segment. The revamped shopping centre now welcomes more than 80,000 visitors per day, reflecting strong demand and top-tier profitability potential.
Meanwhile, Central Chiang Mai Airport continues to reinforce its position as a leading regional mixed-use destination. With a robust tenant mix of over 350 brands, the centre has recently expanded its popular “Kad Luang” zone, adding a strong local identity that appeals to both tourists and high-quality purchasing power. Its strategic location near Chiang Mai International Airport further supports long-term growth.
CPNREIT remains focused on enhancing the performance of assets within its portfolio while continuously increasing asset value. Looking ahead, the trust aims to double its total asset size by 2032, with the goal of delivering stable and sustainable returns to unitholders.
