Factsheet CENTRAL VILLAGE
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Factsheet CENTRAL VILLAGE - BANGKOK OUTLET EXPEREINCE Central Village is the first International Luxury Outlet in Thailand and the 34th retail project of CPN, which aims to support Thailand as the top shopping destination in Southeast Asia. At a prime location near Suvarnabhumi Airport, the new luxury outlet with more than 200 boutiques will offer international and local brands at 35-70% discount everyday all year round. It comprises of a comprehensive range of offerings including luxury boutiques, restaurants, travel concierge and supermarket to meet the lifestyle of all target groups. Opening 31th August 2019 Location 100-rai plot of land located on Bangna-Trad Road (KM.14), one of the main entrances to Suvarnabhumi Airport and conveniently reached within 10 minutes from the airport, and around 45 minutes commute time from Bangkok downtown. Format International Luxury Outlet Positioning A-Must-Visit Shopping Destination to complete your trip - Central Village is the first outlet format of CPN, which marks an important step forward to creating a genuine luxury outlet shopping experience that has never been offered before in Thailand. The project design is based on modern Thai architecture impeccably harmonized with the serene outdoor nature and features more than 200 brands across a comprehensive range of categories, such as apparels, sports accessories, watches, lifestyle products and home decorations. Project Components Retail Phase 1: GFA of 45,000 sqm, 1 levels (G) Retail Highlight as follow: Anchor: Tops Superstore/1, Supersports/1, Adidas Factory Outlet Central Pattana Public Company Limited 1/4 Investor Relations Division / www.cpn.co.th Luxury Brands: Chloe, Outlet by Club 21, Coach, Ermenegildo Zegna, Etro, Kate Spade New York, KENZO, Michael Kors, Polo Ralph Lauren, Salvatore Ferragamo Lifestyle Fashion Brands: more than 150 of both local and international brands Food Village: offers 500 seats with popular street food in Thailand Parking Facility: GFA of 45,000 sqm Capable to accommodate more than 1,500 cars Note: /1The area is developed and invested by joint-developers: Central Group’s business units. Best Strengths Variety of exclusive outlet brands and products: Central Village offers more than 200 local and international boutiques, with a wide range of offerings ranging from luxury fashion, electronics, kitchenware, toys and home decoration items. It also offers imported brands and products by Central Group. It will respond to the needs of customers of all genders, ages and nationalities. Attractive prices: discounts of 35-70% will be offered at Central Village every day and customers will not have to wait for seasonal sales or go abroad to shop at cheaper prices. Customer-centric service and facilities: a comprehensive range of services at a class of those offered by leading shopping centers and beyond. A wide range of facilities will be available, including shuttle bus service, restaurants, tourist assistance services, a playground, and a supermarket. Prime location: situated near Suvarnabhumi Airport, which ranks one of the highest traffic in Southeast Asia, having accommodated more than 55 million travelers in 2017. Central Village aims to attract more than 6 million Thais and foreigners a year to boost local tourism and promote Thailand as a ‘world-class shopping destination’ in this region. Target Customers 65% from domestic Thai residents and expats nationwide and 35% from tourists Central Pattana Public Company Limited 2/4 Investor Relations Division / www.cpn.co.th Financial and Operating Information Help Sheet CENTRAL VILLAGE - BANGKOK OUTLET EXPEREINCE I. Approximate Net Leasable Area (% by invested party) Central Group BUs 9% ~22,000 sq.m. CPN 91% Note: Central Group BUs include Tops Superstore and Supersports II. Approximate Project Investment Cost for Phase 1 (THB mn) /1 Land 700 Construction 1,800 Total investment cost 2,500 Remark: 1. General description of depreciation: Buildings 25-30 years M&E, Interior 5-15 years 2. Depreciation is calculated on a straight-line basis. Note: /1 Excluding investment in Central Group’s anchor business units, such as Tops Superstore and Supersports, which is under the responsibility of said business units. II. Operation A. Leasable Area and Contract Type: Retail Area CPN’s net leasable area is approximately 20,000 sqm excluding Central Group BUs which is developed under the responsibility of a co-developer. Central Pattana Public Company Limited 3/4 Investor Relations Division / www.cpn.co.th Contract Type Term of Leasable Area % of Total Tenant Contract (sqm) Leasable Area Anchor Revenue sharing 3 years 2,500 12.5% Fixed Rent 2,500 12.5% Retail 3 years Revenue sharing 15,000 75% 20,000 100% B. Occupancy Forecast: Occupancy rate is approximately 70%/1 at the opening date on 31 August 2019, and will increase to 80% in next 12 months based on leasing progress. Note: /1 Based on total retail leasable area. For more information, please contact CPN Investor Relations: Tel: +66(0) 2667-5555 Ext 1614, 1632, 1688 Email: [email protected] Central Pattana Public Company Limited 4/4 Investor Relations Division / www.cpn.co.th .