OSP and CPAXT partner for Huamak-Ramkhamhaeng retail landmark

MGR Online•Economy•19d ago

Reader Briefing

Osotspa and CP Axtra sign a 30-year lease to develop a retail and lifestyle community landmark in the Huamak-Ramkhamhaeng area.

•Osotspa (OSP) leased 45 rai of land at its Huamak headquarters to CP Axtra (CPAXT) for 30 years.
•The project will be a shopping center under the 'Happy life style community' concept with Lotus's Hypermarket as the anchor tenant.
•The development targets the densely populated Huamak-Ramkhamhaeng area in eastern Bangkok.
•Construction and area improvement are expected to begin soon.

Overview

•Osotspa signed a 30-year long-term lease agreement for 45 rai of land at the Osotspa Huamak headquarters with CP Axtra.
•The project aims to create a retail and lifestyle landmark called 'A new landmark of community Spirit' under the 'Happy life style community' concept.
•The development will feature Lotus's Hypermarket as the anchor tenant to serve the dense population of eastern Bangkok.
•Prathan Chaiprasit stated the project implements the vision 'Power to Enhance Life' by creating sustainable shared value.
•Benjawan Ongsri and Itthichai Bannasarnprasit noted the project aligns with CPAXT's strategic plan to expand shopping centers in high-potential areas.
•The location is selected due to high daily traffic and the demand for curated modern retail spaces in the Huamak-Ramkhamhaeng area.
•The improvement and construction of the area are expected to commence soon.

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Key Quotes

Prathan Chaiprasit

"This collaboration with CPAXT reflects another important step for OSP in stepping into a new chapter of growth through cooperation that combines the strengths of both organizations."

ความร่วมมือกับ CPAXT ครั้งนี้สะท้อนอีกก้าวสำคัญของ OSP ในการก้าวสู่บทใหม่ของการเติบโต ผ่านความร่วมมือที่ผสานจุดแข็งของทั้งสององค์กร

Benjawan Ongsri

"Joining forces with Osotspa to develop the area around Osotspa's headquarters into A new landmark of community Spirit aligns with the strategic plan of CPAXT."

การผนึกกำลังกับโอสถสภาเพื่อพัฒนาพื้นที่รอบสำนักงานใหญ่ของโอสถสภาให้เป็น A new landmark of community Spirit นั้น สอดคล้องกับแผนยุทธศาสตร์ของ CPAXT

Key Entities

Organization

Osotspa(โอสถสภา)ℹ️

A leading Thai consumer goods company and leader in the energy drink and functional drink markets, also referred to as OSP.

CP Axtra(ซีพี แอ็กซ์ตร้า)ℹ️

The operator of Makro and Lotus's, also referred to as CPAXT, which signed a 30-year lease for land development.

Makro(แม็คโคร)ℹ️

A business operated by CP Axtra.

Lotus's(โลตัส)ℹ️

A business operated by CP Axtra.

Place

Huamak-Ramkhamhaeng(หัวหมาก–รามคำแหง)

The location of the Osotspa headquarters and the site for the new retail and lifestyle landmark.

Bangkok(กรุงเทพฯ)ℹ️

The city where the project is located, specifically in the eastern part.

Person

Prathan Chaiprasit(ประธาน ไชยประสิทธิ์)

Senior Executive Vice Chairman of Osotspa Public Company Limited (OSP).

Benjawan Ongsri(เบญจวรรณ อ่องศรี)

Chief Executive Officer of the Shopping Center Business line at CP Axtra Public Company Limited (CPAXT).

Itthichai Bannasarnprasit(อิทธิชัย บรรณสารประสิทธิ์)

Director of Land Acquisition and Asset Management at CP Axtra Public Company Limited (CPAXT).