effective mall management and operating cost control despite major renovations at CentralWorld and CentralPlaza Rama 3 The Thai economy in 3Q17 continued to expand courtesy of solid growth in export of goods
of 2017, the average occupancy rate for CPN’s retail properties stood at 92%, slightly lower from the previous quarter due to major renovations at both CentralWorld and CentralPlaza Rama 3. CPN
joint venture agreement and establishment of a company are being prepared. The Company would inform the Stock Exchange of Thailand on the progress in due course. Please kindly be informed accordingly
, residence, shopping mall, and office building. The project is located on the corner between Silom Road and Rama 4 Road, Bangkok. CPN’s CAPEX plan for this project is set at approximately THB 17,393 mn, which
2018, the occupancy rate of CentralWorld stood at 91%, an increase from the end of 2017 at 84% and 2.) CentralPlaza Rama 3, which completed a major renovation with a grand re-opening in August 2018
Destination and Fashion Destination, to enhance the convenience of and services towards the customers. Land leases of CentralPlaza Rama 2 have been extended by another 30 years. The extension of land leases of
Discussion and Analysis (MD&A) Page 5 of 15 Financial and Operating Performance in 3Q18 (1) Assets under CPNREIT and CPN comprises 5 shopping malls, namely CentralPlaza Rama 2, CentralPlaza Rama 3
CentralPlaza Rama 2, with a total transaction value of no more than THB 48,560 mn as announced on the Stock Exchange of Thailand on October 17, 2019. CPN currently manages 34 shopping malls with the net leasable
opening of CentralPlaza Rama 3 after the major renovation last year was met with positive responses. The soft opening of CentralPlaza Rama 3 after the major renovation was completed at the end of last year