The Company opened Bang bon project as its first neighborhood shopping center with Jusco Supermarket as the anchor tenant.
The Company opened its second and third neighborhood shopping centers, i.e. PrachaUthit and Sukhapiban 3 projects. At present, Jusco Supermarket and Tops Supermarket are the anchor tenants, respectively.
The Company increased its registered capital from Baht 10 million to 20 million to support further expansion.
The Company opened its fourth neighborhood shopping center on Sukhumvit 71 (Klong Tan) Road with Jusco Supermarket as the anchor tenant.
The Company successfully developed and provided the business premises for B-Quik Service Company Limited, an auto service company under the name of “B-Quik” under its 14 branches. The Company developed 2 branches as convenience centers and 8 branches as stand-alone retail stores. B-Quik’s remaining 4 branches were established on the Company’s existing neighborhood shopping centers.
The Company also opened its fifth neighborhood shopping center in Soi Thong Lo. Tops Supermarket under the name “Market Place” was the anchor tenant.
The Company opened the new neighborhood shopping center in Thungmahamek with Tops Supermarket as the anchor tenant. Moreover, the Company entered into a long-term lease agreement with an owner of the land on Thong Lo Soi 15 and Changwattana Road to be developed the shopping center in next year.
The Company opened 5 new shopping centers i.e. The Family Center Chaengwatthana, LadpraoSoi 120 Convenience Center, Major Cineplex Cha Choeng Sao, Lifestyle Center “J Avenue Thonglor15”, and Piyarom Place Sukhumvit 101/1.
The Company opened 3 new shopping centers as follows:Wanghin Convenience Center, Petchkasem Power Centerwith Big C Supermarket, Index Living Mall, HomeWork, and Major Cineplex as anchor tenants, Ekkamai Power Center with Big C Supermarket and Index Living Mall as anchor tenants.
The Company opened 3 new shopping centers as follows: The Avenue Chaengwatthana Lifestyle center, La Villa Phahonyothin Lifestyle center, and Esplanade Ratchadapisek Entertainment center. Esplanade Ratchadapisek with Major Cineplex, Ratchadalai Theatre and Tops Supermarket as anchor tenants. In 2014 there are new anchor tenants We Fitness Society and Art in paradise that is the first 3D Art museum in Thailand.
The Company launched 2 new shopping centers as follow: The Avenue Pattaya (Lifestyle Center) with Major Cineplex, Major Bowl and Villa Market as anchor tenants, Kao Yai Market Village (Power Center) with Tesco Lotus as an anchor tenant. In 2009, The Company disposed Kao Yai Market Village to Tesco Lotus.
There are 2 new shopping centers i.e.Neighborhood Center named Market Place Nawamin (Sukapiban 1) with Big C supermarket as an anchor tenant, Lifestyle Center named The Avenue Ratchayothin with Villa Supermarket as an anchor tenant.
The Company opened the newly Nawamin City Avenue Lifestyle center located on Kaset-Nawamin Road and Villa Market as an anchor tenant.
The Company sold 30-year leaseholds rights of 11,109 sq.m. short-term lease of Major Avenue Ratchayothin to Major Cineplex Lifestyle Property Fund (MJLF)
The Company launched 2 new shopping centers. Firstly Festival Walk Nawamin Art Village, an expansion of Nawamin City Avenue, on Kaset-Nawamin. Secondly, IKEA Store one of anchor tenants in Mega Bangna which is joint venture Company with IKANO Pte opened 40,000 sq.m.
The Company launched onesuper regional mall. Mega Bangna, located on Bangna-Trad Road K.M. 8,The Company hadjoint venture with IKANO Pte.which is the world famous home furnishing company from Sweden. Mega Bangna is anchored by IKEA, Major Cineplex ,BigC, Homepro, and Robinson with Gross Leasable Area of 180,000 sq.m.
The company management service provider for Bangkok University’s community mall named “Imagine village” which was opened in April 2013. Imagine Village anchored by 7-Eleven. The management contract has expired at Oct 31st, 2015
In 2016, the company renewed the land lease agreements of Marketplace Thonglo and Marketplace Nanglinchee for another 20 years and 30 years respectively. For Marketplace Nanglinchee, the company leased additional SIAM FUTURE DEVELOPMENT PLC. 19 ANNUAL REPORT 2016 land for 30 years to expand the rental area for major renovation so as to modernize our image and in response to the high end customer. The 1st phase of construction had already commenced on 14 July 2016. Moreover, the company has started the construction of the additional section and extended the parking building in front of Mega Bangna to increasing the diversification of shops in the mall areas and adds more parking spaces for customer’s convenience.
In summary, as of 31 December 2016, the Company operates 22 centers, Gross Leasable Area in the amount of 408,563 sq.m. with 93% occupancy rate. There are 2 projects under construction: Marketplace Nanglinchee and the additional section at MagaBangna, Gross Leasable Area in the number of 22,000 sq.m.