PLAT spends over THB 80 mil on
“Talad Neon - Downtown Night Market”
scheduled to open in December, eyeing more revenue, profit
“The Platinum Group” has spent more than 80 million baht to build “Talad Neon - Downtown Night Market”covering a total area of 10 rai. President “Chanchai Phansopha” is upbeat on the grand opening in December and break-even point in 1 year, contributing to the Company’s strong revenue and profit growth. The large night market is aimed at serving city lifestyles in the digital era.
Mr. Chanchai Phansopha, president of The Platinum Group PLC (PLAT), a leading company in commercial real estate development, said, “the Board of Directors approved a 3-year lease agreement on a 10-rai land on Phetburi Road located between Soi Phetburi 23-31, amounting to more than 49 million baht. The Company aims to develop the land as a night market named “Talad Neon - Downtown Night Market” under the concept of NEON NIGHT ALIVE. The project, including the land lease fee and other developments, requires a total investment amount of over 80 million baht and it will be initially recognized in December 2016 with break-even point expected within 1 year.
Talad Neonproject, covering a total area of 10 rai, consists of lease areas of 5,600 square meters, 900 shops and parking space for up to 200 cars. Target customers are jobbers, university students, people living nearby and foreign tourists. The layout perfectly integrates the shopping zone and special activity zone, such as the shopping zone consisting of 24 container shops, 26 food trucks, 850 shops under canvas tents, in a parade of colorful neon lights to please the new generation who enjoy taking photos and sharing their happiness with friends. Every inch of the project layout serves city people lifestyles in all aspects such as a wide variety of food and beverage, service stores, relaxing spa houses, salons, beauty parlors and indispensable chic fashion stores and gift shops, handmade items and IT&GADGET. In addition, there is a special activity zone for various activities throughout the year including mini concerts, art and entertainment exhibitions, and displays decorated with colorful neon lights.
The project is expected to gain much success and response from shop entrepreneurs and target customers because of its key features including downtown location, convenient transport, meeting point and shopping venues as well as the identity and concept of the neon night market which has been designed to serve the lifestyles of city dwellers in the digital era. The project is expected to open in December 2016 and contribute to the Company’s stronger revenue and profit growth”, Mr. Chanchai said.
Talad Neon - Downtown Night Marketopens on Thursdays to Sundays (4 days/week) from 16.00 – 24.00 hrs. It is located on Phetburi Road (opposite the entrance of Chidlom Road). Designed under the concept of NEON NIGHT ALIVE, the project is aimed at encouraging outgoing lifestyles for unlimited friendship, fun and happiness, and introducing a new and ultimate shopping, dining and sharing experience in the heart of downtown Bangkok at night surrounded by a parade of colorful neon lights.
Shop entrepreneurs who are interested in space lease at “Talad Neon - Downtown Night Market” can make reservations starting in October onwards