Shopping centres around Bangkok’s Ratchaprasong intersection are planning facelifts and new premises to cash in increasing foreign tourists for the Asean Economic Community (AEC) starting in 2015.
Siam Piwat Co, the operator of Siam Center, plans to spend over THB1 billion (USD31.44 million) for its biggest store renovation in its 40-year history. Gaysorn will start building a second retail complex next door to the current store, while The Platinum Fashion Mall Co will allocate THB100 million for renovations and perhaps a new mall near Big C Ratchadamri over the next two years.
Siriphen Intuputi, an executive at Siam Piwat, said the company will close Siam Center for a four-month renovation from 16 July to 15 November 2012, and is scheduled to re-open in early December.
(Source: Bangkok Post)