TSCA to invest $1.7b in mall expansions
Thai Shopping Centres Association (TSCA) members are investing THB57 billion ($1.7 billion) to increase their combined mall space to more than 98 million square feet by 2019.
The expansion is in line with the members’ “Shopping Centre 4.0” vision, which is aimed at serving the lifestyles of consumers in the digital era and strengthening Thailand as one of the top destinations in Asean.
The TSCA comprises the top 13 companies in the shopping center sector: Boonthavorn Ceramics, Central Pattana, Index Living Mall, KE Land, LH Mall & Hotel, MBK, Pacific Park Sriracha, Rangsit Plaza, Seacon Development, Siam Future Development, Siam Piwat Group, The Mall Group and The Platinum Group. The companies run 97 malls with 8 million square meters (86 million square feet) in combined space.
TSCA president Wallaya Chirathivat says members will invest alongside the government’s infrastructure projects in the major provinces and in the Eastern Economic Corridor project.
