Retail in Asia

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Thailand’s Chulalongkorn University to develop new shopping mall in Siam Square

Thailand’s Chulalongkorn University will spend THB1.8 billion (USD58.6 million) to develop a new shopping mall on the plot that now houses Lido Theatre in Siam Square in 2014 after spending the same amount to construct Siam Square One nearby.

Associate Professor Permyot Kosolbhand, the university’s vice-president who supervises its Property Management Office, said the new retail project would be the second phase in its property development master plan.

"The university has the potential to invest itself but has to consider our capability and risk. If the risk is high, then we’ll form a joint venture with private operators," he said.

(Source: Bangkok Post)