Central Festival Phuket announce B10bn expansion

Posted on January 16, 2013

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Chief executive Tos Chirathivat said the new development will be on a 136-rai plot opposite Central Festival Phuket and will be opened in 2016.

Central Retail Corporation (CRC), the country's leading retail operator, will spend over 10 billion baht to develop a new luxury lifestyle complex in Phuket.

The new project, with 300,000 square metres of space, will offer luxury fashion brands, new dining concepts, specialty stores, art and craft shops for entertainment and the biggest convention hall in the South.

CRC chose Phuket for the new project because the island receives more than 12 million international tourists a year.

Additionally, Phuket is a high-end property market with luxury resorts and residences, making it the market with the highest potential after Bangkok.

At the end of 2012, in a B100-million revamp aimed at bringing some life to the 8,000 square metres of dead space on the ground floor of the Homeworks complex, on the other side of the bypass road from Central Festival, the company opened a Tops Supermarket, a Power Buy Centre, and a food hall.

Homeworks continues to occupy the upper floor, along with a coffee shop.

At the time, General Manager Wilaiporn “Maew” Pitimana-aree said she hoped the revamp would attract retailers selling brand-name goods.

She added that there is also a plan to expand parking to accommodate 1,000 cars. Plenty of more parking will be needed with today’s announced expansion.

Read the original Bangkok Post story here.

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Posted in: Phuket