re-zoning IT Junction rental space, rental rate discount and revenues for sale promotion support decline. The Company’s has changed its strategy to push more promotion and activity in the rental area
area (NLA) of approximately 1.8 mn sqm. At the end of 3Q19 the average occupancy rate for CPN’s domestic retail properties stood at 92%. Central Pattana Public Company Limited Management’s Discussion and
society and communities forward. Other Events • The opening of “IKEA Bangyai” at CentralPlaza WestGate in March 2018 signifies the largest IKEA store in Southeast Asia, with an area of more than 50,000 sq.m
society and communities forward. Other Events • The opening of “IKEA Bangyai” at CentralPlaza WestGate in March 2018 signifies the largest IKEA store in Southeast Asia, with an area of more than 50,000 sq.m
CPN Retail Growth Leasehold REIT (CPNREIT). CPN currently manages 33 shopping malls with the net leasable area (NLA) of approximately 1.8 mn sqm. At the end of 2Q19 the average occupancy rate for CPN’s
manages 33 shopping malls with the net leasable area (NLA) of approximately 1.8 mn sqm. At the end of 1Q19 the average occupancy rate for CPN’s domestic retail properties stood at 92%. Major Events in 1Q19
packaging waste. Against each of these issues and in addition to the Sustainable Basket Metric, we have published commitments and established programmes of work to accelerate change in this important area
will be gradually completed from through 2020, which should boost the occupancy rate going forward. Table 1: Summary of net leasable area and occupancy rate Occ. Rate / Sales Rate (%) as of 4Q No. sq.m
SITUATION Thailand economic situation in Q4/2019 in Central and Eastern area were contracted compared to the same period of 2018 due to global economic and domestic consumption weak, that were impacted from
revenue generation through new shopping malls, enhancement of existing malls, as well as efficient cost management. CPN currently manages 32 shopping malls with the net leasable area (NLA) of approximately