Central Pattana invests 2 billion baht to transform
the community mall landscape around Bangkok,
rebrands ‘Market Place’ and unveils
‘Market Place Theprak’
– a new community mall model targeting
high potential residential area
· Emphasizing the ‘Life Connecting Hub’ strategy by developing projects under the concepts of ‘future-fluent development’ and ‘neighbourhood-centric’ design to fulfill the diverse needs of customers in each area, connecting with communities, and establishing a sustainable environment that enhances quality of life.
· Launching a new project: ‘Market Place Theprak’ in January 2025, located in the heart of the Theprak-Watcharapol to support the fast-growing residential community. ‘Market Place Theprak’ will bring together over 360 shops and restaurants across both the mall and market zones, including Tops Supermarket, health and beauty shops, and PetClub. Don’t miss the fresh food, seafood, premium ingredients, and popular street food vendors.
Mr. Wuttikiat Techamongklapiwat, Chief Operating Officer & Head of Community Mall Business, Central Pattana plc, stated: “The community mall is of the key businesses that synergizes with our ecosystem and strengthens Central Pattana. With expertise in space development, we consistently deliver experiences that meet customer needs through our shopping centres in each area. The community mall segment allows us to better fulfill fragmented demand more precisely, offering a modern, vibrant atmosphere with refreshed shops and services. We plan to invest 2 billion baht in 5 years to enhance and develop a total of 15 projects in our portfolio. In 2025, we also plan to launch a new project, ‘Market Place Theprak,’ along with renovations of five other projects. In the following years, we will continue our expansion at least one new project annually.”
Last year, we launched ‘Marche Thonglor’, the first project under our new concept located in a mixed-use project, which received great feedback. This year, we will implement major rebranding by focusing on developing ‘Market Place’ as a core brand and ensure the more modern mood and tone of the brand by combining the theme of community mall and urban fresh market together to offer more convenience and a wider range of products and services. This will ensure that Market Place is the place for everyone in the family where they can enjoy all day, every day.”
Ms. Surang Jirattigalachote, Executive Project Director, Central Pattana plc, said: “Market Place Theprak is the largest and latest community mall project and will become the center of Theprak neighbourhood.
· Right Location – the project is situated in a perfect location on Theprak Road, which is a point where a lot of people must pass through when driving home from the city.
· Convenient transportation – only five-minute drive from Phahonyothin Road by private vehicle and only 10-15 minute drive from Vibhavadi Road when using the Chalong Rat Expressway or Watcharapol Road. Alternatively, using the BTS Skytrain (Green Line) from Sai Yud Station to Market Place Theprak, takes only seven minutes.
· Fast-growing residential area – we see business opportunities and demand from people in the area from various housing estates. Currently, there are more than 174,000 residential units with an increase rate of 2.4% per year and a population of almost 400,000 people. The target groups are families, and customers with lifestyles that favor convenience.
· New design of low-rise building in a cool and pleasant tropical-style atmosphere, along with space for everyone in the family, a ‘Pet Friendly’ zone and convenient parking space for more than 200 vehicles.
· The most complete and best community mall in Theprak – the project consists of a 5,800 m2 community mall, with 60 shops and an urban fresh market area of 1,500 m2, with 300 shops.
o Food Destination – discover a variety of restaurants such as trendy restaurants, family restaurants, chill-out venues and popular street food shops.
o Urban Fresh Market – enjoy shopping for fresh produce, seafood, organic food and fine ingredients from around the world at a wide range of shops, along with various type of ready meal, grab & go and take home.
o Health & Beauty – shops and services
o Space for events such as Tourism Events, Food Fairs, and Health Fairs, etc.
· Brings together a complete range of brands and stores, including Tops Supermarket, popular restaurants and street food vendors such as Rad Na Yod Pak (fried noodles in thick gravy sauce) from the popular branch of Tiger God Shrine, Cook Kee Mao from Banthat Thong Road, Seng Sim Yi, JehJong Moo Tod (fried pork), Tiger Burns Fire Tepanyaki, Shanghai (steamed buns and Hainanese chicken rice), Pak Ban Tai organic vegetables, Rad Na Hia Uan Yaowarat, Pad Thai Rod Cha and Kongsi Tea Bar, Chaolay Seafood etc. and AUTO 1 car service, as well as PETClub, premium products for your pets and more.
· ‘Market Place Theprak’ will celebrate the Grand Opening of in January 2025, with many special highlights – the opening day will bring happiness and fun to the community welcoming the Chinese New Year. It will be a perfect destination for shopping, eating and spending during this prosperous festival.”
Central Pattana moves forward with the strategy of ‘Life Connecting Hub’ to shape a new community mall landscape:
1) Future-Fluent Development: Developing community spaces that are flexible and fulfil the future needs of people of all ages to serve as the center of the neighborhood, following the principle of Central Pattana’s ‘Centre of Life’ goal; this new model integrates the community mall with an urban fresh market.
2) Neighbourhood-Centric: understand and fully the fragmented demand of each neighborhood.
· The project development focuses on convenience, with flexible hours that meet the everyday lifestyle of both Thai and international customers. There are all types of shops and restaurants, such as Dine-in, Grab & Go, Take Home, and places to hang out and socialize after work.
· Creating a new model by integrating an urban fresh market—a modern, high-quality, and hygienic market—with the community mall to demonstrate that this approach effectively fulfills consumer needs
· Event spaces that engage with the community such as outdoor/weekend markets for community shops and space for happenings and events.
3) Sustainable Community: promoting the quality of life of people in the area and caring for the environment in line with Central Pattana’s goal of achieving Net Zero 2050.
· Green Community Mall Development – focusing on the use of green materials and energy-saving technology such as the implementation of solar cells and LED bulbs.
· Promoting Sustainable Lifestyle – encouraging customers in waste separation by joining hands with various agencies, the BMA and stores in food-waste management and the installation of EV charging stations, etc.
Central Pattana plc is moving forward with its vision of ‘Imagining better futures for all’ by creating and developing spaces to improve the quality of life for people and communities as well as the environment while ensuring that the ‘The Ecosystem for All’ strategy is implemented for the strength and sustainability of all parties growing together as well as becoming a major force to push forward the growth of the economy and the country. As of 2024, Central Pattana operates a total of 42 shopping centres, 15 community malls, 43 residential projects, 10 hotels, and 10 office buildings.
To follow more news and further updates from Central Pattana, please visit: https://www.centralpattana.co.th/th/shopping/shopping-update/lifestyle-activities
#CentralPattana #Imaginingbetterfuturesforall #CentralPattanaCommunityMall #MarketPlace #MarketPlaceTheprak
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