Thai-Scand JV plans mall at Ao Makham
PHUKET: A Thai-Scandinavian consortium is to build a B220-million-baht community mall in Phuket by the end of the year.
Monday 16 July 2012, 11:53AM
This will be the second 51-49-per-cent joint venture between Thai company High Traffic Media Co and the Scandinavian offshore fund, the first being the 21-rai Jatujak Green next to Chatujak Market in Bangkok, due to open at the end of this month.
Some B120 million will be spent on buying eight rai near Ao Makham, with a further B100 million to be spent on construction.
“We will begin development by the end of this year and complete it before the Asean Economic Community comes into being in 2015,” said project managing director Sakda Oudarasak.
Like the Bangkok development, the Ao Makham mall will be low-density, low-rise, with large amounts of green space, fitness areas and bicycle tracks.