– Thailand’s leader in real estate and retail development, committed to pioneering mixed-use and green building projects. This initiative aims to foster a tangible low-carbon society and drive sustainability, moving towards the Net Zero goal by 2050

Central Pattana plc and Grand Canal Land plc, in partnership with Bank of Ayudhya plc, have announced a strategic collaboration to propel “The Central Phahonyothin” This future flagship shopping centre is designed and developed under a comprehensive sustainability framework, encompassing Environmental, Social, and Governance (ESG) dimensions. This partnership reflects a shared vision to drive economic growth alongside long-term environmental responsibility, serving as a key roadmap toward achieving Net Zero by 2050. To support this initiative, Krungsri has granted a 6.5-billion-baht Sustainability-Linked Long-Term Loan to Baywater Co., Ltd. (BWT), a joint venture between Central Pattana and GLAND

Ms. Wallaya Chirathivat, Chief Executive Officer of Central Pattana Public Company Limited, said: “Central Pattana and GLAND share a strong commitment to developing places that create sustainable long-term value for people, communities, and the environment. Guided by our vision Imagining Better Futures for All and our role as a Place Maker that connects People, Place, and Planet in a balanced way, the integration of sustainability-linked financing into The Central Phaholyothin project reflects our intention to embed sustainable finance into project development from the very beginning. This is not merely the creation of a new development, but the laying of a foundation for the future—aligned with our Journey to Net Zero by 2050. This collaboration further reinforces the role of Thailand’s private sector in jointly advancing sustainable finance and elevating real estate development standards to grow responsibly alongside long-term social and environmental stewardship”

Ms. Naparat Sriwanvit, Chief Executive Officer of Grand Canal Land Public Company Limited and Chief Financial Officer of Central Pattana Public Company Limited, said: “The Central Phaholyothin will be a next-generation mixed-use development designed to enhance quality of life and contribute to sustainable urban development. The project is being developed in accordance with internationally recognized sustainability standards, with a focus on creating long-term value for communities and all stakeholders. On this occasion, the Company would like to express its sincere appreciation to Bank of Ayudhya (Krungsri) as a key financial partner for its continued support, particularly in advancing sustainability-driven financing approaches that align with Central Pattana’s development philosophy and ESG ambitions, driven under the ‘The Ecosystem for All’ model. The Central Phaholyothin will stand as another world-class development, elevating the Phaholyothin area into Bangkok’s next emerging CBD”

Mr. Kenichi Yamato, Krungsri President and Chief Executive Officer, said: “We are delighted to support Central Pattana and GLAND in the development of ‘The Central’, which will become a significant new mixed-use landmark in Bangkok. This collaboration reflects Krungsri’s strong commitment to empowering Thailand’s leading corporates in advancing their sustainability goals in line with internationally recognized standards and principles, through innovative sustainable finance solutions. We believe this project will serve as a model for future developments that harmonize innovation, sustainability, and an improved quality of life for the community”

The Central Phahonyothin – The Flagship of the Future is a 21 billion baht premier development destined to become a new landmark, elevating Bangkok into a world-class metropolis. Situated in a prime location between two major arteries—Vibhavadi Rangsit and Phahonyothin Roads—the project offers seamless connectivity to both the MRT Blue Line and BTS Green Line. Poised to create ‘The Landmark of Northern Bangkok’ phenomenon, it reflects the rapid growth of the Phahonyothin district, rivaling Bangkok’s established CBDs. The project is set to become a high-quality residential and economic hub in the city’s northern corridor. Spanning 49 rai with a Gross Building Area (GBA) of 457,409 sq.m., it features a massive Convention Hall exceeding 6,700 sq.m. The landscape design harmoniously integrates nature, allowing people to feel a close connection to the environment and relax amidst expansive green spaces

Central Pattana plc continues to drive toward the future under its brand purpose, Imagining better futures for all, over the past 45 years, the company has consistently supported society and local communities through infrastructure development, public utility spaces, and educational opportunities. On the environmental front, we are firmly on track toward Net Zero 2050. Our excellence is recognized globally as a DJSI Best-in-Class for seven consecutive years, and we are the first Thai real estate developer to issue a ‘Green Bond.’ Furthermore, all our shopping centers are equipped with solar rooftops and EV charging stations, while we actively spearhead the ‘Green Partnership’ initiative to reduce greenhouse gas emissions in collaboration with our retail partners