JPARK Launches GJ PARK Project with 60M Baht Annual Revenue Goal

MGR Online•Economy•33m ago

Reader Briefing

Jen Kongklai Public Company Limited (JPARK) has launched the GJ PARK comprehensive parking project at Kanchanabhisek Medical Center.

•JPARK invested over 590 million baht to develop GJ PARK at Kanchanabhisek Medical Center.
•The project is expected to generate annual revenue of at least 60 million baht starting in Quarter 3 of this year.
•JPARK plans to list parking and commercial assets in a Real Estate Investment Trust (REIT) within the next 5 years.
•The company aims for total revenue to reach 1,000 million baht by the year 71.

•Jen Kongklai Public Company Limited (JPARK) launched GJ PARK, a comprehensive parking building located within Kanchanabhisek Medical Center, Mahidol University.
•Jen Kongklai Public Company Limited (JPARK) invested over 590 million baht in GJ PARK, which consists of a 7-story building accommodating approximately 1,000 cars.
•GJ PARK includes a Mini Community Mall to provide shops and services to hospital users and solve parking shortages.
•Jen Kongklai Public Company Limited (JPARK) expects GJ PARK to generate at least 60 million baht annually, with revenue recognition starting in Quarter 3 of this year.
•Jen Kongklai Public Company Limited (JPARK) anticipates that the Mini Community Mall will achieve a return on investment within 5-7 years.
•Jen Kongklai Public Company Limited (JPARK) targets a revenue growth of 20-30% per year, aiming for 1,000 million baht by the year 71.
•Jen Kongklai Public Company Limited (JPARK) plans to launch a REIT within the next 5 years to fund the expansion of 3-4 new projects by the year 72.
•Jen Kongklai Public Company Limited (JPARK) is exploring expansion opportunities in Bangkok, various provincial airports, and neighboring countries via government partnerships.

Full article content is available on the original source.

Jen Kongklai Public Company Limited(บริษัท เจนก้องไกล จำกัด (มหาชน))

A company (also known as JPARK) that develops parking buildings and commercial spaces.

JPARK

The abbreviated name of Jen Kongklai Public Company Limited.

Mahidol University(มหาวิทยาลัยมหิดล)ℹ️

The institution associated with Kanchanabhisek Medical Center.

Santiphol Jenwattanapaisal(สันติพล เจนวัฒนไพศาล)

Chief Executive Officer of Jen Kongklai Public Company Limited.

GJ PARK

A comprehensive parking building and Mini Community Mall project located within Kanchanabhisek Medical Center.

Kanchanabhisek Medical Center(ศูนย์การแพทย์กาญจนาภิเษก)

The location where the GJ PARK project is situated.