Pattaya Daily News

17 September 2010 :: 10:09:51 am 38991

Bangkok’s Central World Plans Reopening by Months End

Thailand’s Central Pattana Plc (CPN) has announced plans to reopen the partially destroyed Central World Shopping Center in Bangkok by months end, according to CPN president and Chief Executive Officer Kobchai Chirathivat.
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Bangkok, the 16th of September 2010: Partially destroyed in arson attacks by disgruntled Red Shirt protesters during the May 19 end to a 10-week occupation of the capitals main business district, Central World is set to partially open for business on September 28 after gaining approval from the Public Works Department.

Thailand’s largest shopping complex and the second largest in Southeast Asia, Central World has undergone a rapid Bt2.8 billion renovation and reconstruction since its partial destruction in May, with 80% of the structure set to reopen at the end of the month.

The remaining 20% of the major shopping center is scheduled for reopening by the end of the year, with construction crews working round-the-clock to ensure that the facility is back in full operation for the key Christmas-New Year period.

Meanwhile, Zen Department Store, part of the Central World premises, which completely collapsed as a result of May’s destructive arson attacks will be opened by August 2011, according to Mr. Chirathivat.

Mr. Chirathivat confirmed that the building’s structure has now gained approval from both the Bangkok municipality’s Public Works Department and has been certified safe by the Thailand Engineering Institute. Along with renovations to its structure, Central Pattana Plc has also upgraded security and fire detection systems to ensure a faster response to any potential situations in the future.

Despite the closure of its largest and most renowned shopping center, CPN CEO Mr. Chirathivat revealed that the downtime has not significantly affected the company’s profits, as other facilities were operational at the Central World site while a proposed renovation of the Central Plaza Lat Phrao has now been postponed until 2011.

Compensation agreements for the Central World site have yet to be concluded by CPN insurers, although Mr. Chirathivat remains confident that the deal will be done by the end of this year or early on in 2011.

Reporter : John Weston   Photo : Internet   Category : Thailand News

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