Bangkok property developer Sun Assets Global, a property arm of Nimit Group, is set to fully open its community mall The City Viva on Sathorn Road in May with the target of welcoming up to 2,000 customers per day.
As reported in The Nation, 92 of 280 planned shops have opened to date, while the rest will open after the grand opening in May.
The company’s managing director Suriya Ampaporn said that after the soft opening last month, the mall attracted around 1,000-1,500 visitors per day. He also believed that the number of visitors, especially aged 22-40 years, would increase to meet the target when it fully opens.
The City Viva is the first retail project from Sun Assets Global. Located on a 3.25-rai plot, the THB1 billion mall (US$33.1 million) has space of 9,500 sqm of which, 4,500sqm is available for rent and 5,000sqm is kept as open-air areas for events.
According to Suriya, the company aims to generate rental income of THB10 million (US$332,000) a month and to break even within 10 years.
“We don’t have any plans to launch new retailers this year or in the next five years from now although we have undeveloped land in 40 to 50 locations nationwide,” he said. Sun Assets Global is owned by members of the Siriwattanabhakdi family – Thavee and Thongchai Srisomburananont, the younger brothers of beverage tycoon Charoen Siriwattanabhakdi. The company’s main businesses are property management, mortgage agency, and information technology.
Courtesy of www.property–report.com