The company will also spend approximately Bt4 billion in the development of its first premium mall in the eastern part of Bangkok in partnership with US-based Simon Property Group. Meanwhile, Chollachat said property developers from other countries, namely China, Malaysia, Vietnam and Myanmar, have approached Siam Piwat seeking possible partnership for the development of shopping malls. “Once our big shopping mall project, Iconsiam, opens officially in November, then we will reconsider potential overseas projects based on appropriate criteria, such as partner profile, project location, concept and market situation,” Chollachat said. “Over the past four years, we [Siam Piwat] have been operating in accordance with the roadmap laid out to drive long-term growth. He said Simon Property Group posted US$5.5 billion (Bt179.5 billion) in total revenue last year.

Source: The Nation Bangkok September 13, 2018 18:00 UTC