Paradise Park or formerly known as Seri Centre is a shopping mall located in Prawet
District, Bangkok, Thailand. The retail giants Siam Piwat and MBK made a new joint-venture
for new opportunities in the suburbs of Bangkok their Paradise Park Srinakarin transformed
Seri Centre at a total cost of 3.2 billion Baht. The mall opened officially August
24, 2010 .
It has been a rival to a nearby mall, Seacon Square. Of the visitors to Paradise
Park, about 70 per cent are people who live within a 3-kilometre radius, while the
rest come from other areas of Bangkok as well as upcountry. The two companies bought
the shares of Seri Centre Management for more than 975 million Baht and transformed
it into a new Mega Mall that is expected to attract about 100,000 visitors a day.
Siam Piwat Company Limited and MBK Plc. invests over two billion Baht in Paradise
Park, to be the best shopping centre of Eastern Bangkok. Pioneering under the concept
“The Oasis of Srinakarin,” reflected by the complete renovation of both exterior
and interior to enhance the modern lifestyles on Srinakarin, the renovation project
responds to the widest target group of all demographics and include family members
of all ages.
The Partnership is optimistic about the future economic climate and appeals to business
alliances to share in the success story that is to be one of the greatest shopping
centres. With 70% tenancy completed within three months, the future of Paradise Park
is already a promising one.
Mr. Suvait Theeravachirakul, President of Seri Centre Management Co., Ltd. and Mrs.
Chadatip Chutrakul, Vice-President, reveal the motivation behind the acquisition
of Seri Centre Management’s stock in September 2008.