Ms. Naparat Sriwanvit, Chief Financial Officer and Senior Executive Vice President, Finance, Accounting and Risk Management for Central Pattana plc, said: "Central Pattana has been honored by the Stock Exchange of Thailand (SET) with the prestigious Business Excellence award, including the Deal of the Year Awards for the strategic acquisition of Siam Future Development Public Company Limited (SF), the strategic importance for Central Pattana, bolstering its strength as a leader in the Thai real estate sector and boosting competitiveness by integrating key projects and business resources from SF. Furthermore, the transaction faced challenges amid the COVID-19 situation, significantly impacting both Central Development and SF as businesses. The uncertainties linked to the pandemic posed challenges in making assumptions and evaluating the transaction's value. Despite the challenging circumstances, the performance results for the fiscal years 2022-2023 demonstrate successful business execution and recovery. In Q3/2023, the company achieved significant net profit, marking a substantial rebound since its inception. Central Pattana prioritizes transparent communication with analysts, investors, and shareholders, earning the company the Outstanding Investor Relations Awards in the category of registered companies with a market capitalization exceeding THB 100 billion. Moving forward, Central Development is committed to incorporating market feedback for continuous investor relations development."
Central Pattana is currently managing 39 shopping centers, with a total net leasable area of 2.3 million m2 (36 Central shopping centers throughout Thailand and one in Malaysia, one Esplanade shopping center and one Mega Bangna under a joint venture). The company also manages 17 community malls, 33 food courts, 10 office buildings, 8 hotels and 30 residential projects, which include condominiums under the brands: ESCENT, ESCENT VILLE, ESCENT PARK VILLE, PHYLL and BELLE GRAND RAMA 9 and low-rise projects under the brands: ESCENT TOWN (townhomes), ESCENT AVENUE (Home Office), Ninya Kallapaphruek (semi-detached houses), Niyam Borommaratchachonnani (luxury detached houses) and a variety of low-rise projects under the brands: 'Nirati' and 'Baan Nirati'. In addition, the company has also co-invested with Dusit Thani plc, in the large 'Dusit Central Park' project, which will open in stages from 2023-2024 onwards.
Source: Central Pattana