Leaders in Thailand's real estate and retail sectors are committed to developing mixed-use and green buildings, driving a low-carbon society and achieving sustainability in practice, aiming for Net Zero by 2050.

Central Pattana Public Company Limited and Grand Canal Land Public Company Limited (G-Land), in collaboration with Krungsri Bank Public Company Limited, have announced their partnership to support the advancement of 'The Central Phahonyothin', a future flagship shopping center designed and developed under the concept of sustainable development in all dimensions, covering environmental, social, and governance (ESG) aspects. This reflects the shared vision of all sectors in driving economic growth alongside responsible stewardship of the planet in the long term and is a key part of the roadmap towards achieving net-zero greenhouse gas emissions by 2050. Krungsri is providing a long-term sustainability-linked loan of 6.5 billion baht to Baywater Company Limited (BWT), a joint venture between Central Pattana and Grand Canal Land.

Ms. Walaya Jirathiwat, Managing Director and CEO of Central Pattana Public Company Limited, stated, “Central Pattana and G-Land are jointly committed to developing 'spaces' that create sustainable value for people, communities, and the environment under the vision of Imagining Better Futures for All. Our role as a Place Maker connects People – Place – Planet in a balanced way. Utilizing sustainability-linked financing for the Central Phahonyothin project reflects our intention to integrate sustainable finance into project development from the outset, not just creating new projects but laying the foundation for the future along the Journey to Net Zero by 2050. This collaboration also reinforces the role of the Thai private sector in driving the sustainable finance market and raising the standards of real estate development to grow alongside social and environmental responsibility in the long term.”

Ms. Naparat Sriwanwittaya, CEO of Grand Canal Land Public Company Limited and CFO of Central Pattana Public Company Limited, said, “The Central Phahonyothin will be a new generation mixed-use project aimed at enhancing the quality of life for people and contributing to sustainable urban development. The project operates under international sustainability standards, creating long-term value for the community and all stakeholders. On this occasion, we would like to thank Krungsri Bank for their continuous support as a financial partner, especially in the area of sustainability operations, which aligns with Central Pattana's development philosophy and ESG goals driven under the model 'The Ecosystem for All'. The Central Phahonyothin will be another world-class project that elevates the Phahonyothin area to become the next new CBD of Bangkok.”

Mr. Kenichi Yamato, Managing Director and CEO of Krungsri Bank Public Company Limited, expressed, “Krungsri is very pleased to support Central Pattana and G-Land in developing 'The Central', which will be an important new mixed-use landmark in Bangkok. This collaboration reflects Krungsri's commitment to supporting leading organizations in Thailand to move towards sustainability goals in line with international standards through financial solutions that promote sustainability. We believe this project will be a model for real estate development that truly integrates innovation, sustainability, and quality of life for people.”

The Central Phahonyothin – The Flagship of the Future, a flagship shopping center project valued at 21 billion baht marks a new landmark, elevating Bangkok to a global metropolis in a prime location on two main roads, Vibhavadi Rangsit and Phahonyothin, connecting transportation networks including the MRT Blue Line and BTS Green Line, creating the phenomenon of The Landmark of Northern Bangkok, reflecting the rapid growth potential of the Phahonyothin area, comparable to Bangkok's CBD, preparing to become a high-quality residential and economic area in the northern part of the city. The project is situated on 49 rai of land with a Gross Building Area (GBA) of 457,409 square meters, featuring a large convention hall of over 6,700 square meters, as well as landscape architecture designed to connect with nature, allowing people to feel close and relaxed amidst green spaces.”

Central Pattana Public Company Limited is moving towards the future under the brand's commitment to Imagining better futures for all. For 45 years, we have supported society and communities in terms of infrastructure, public spaces, and educational opportunities. In terms of the environment, we are advancing towards Net Zero 2050, having been ranked DJSI Best-in-Class for seven consecutive years and being the first real estate company to issue a 'Green Bond'. Additionally, all shopping centers are equipped with Solar Rooftops and EV Charging Stations, while driving the Green Partnership project to reduce greenhouse gas emissions in collaboration with retail partners.


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