Rental space business operation of Major Cineplex Group would occur and grow along with opening of new branches. The rental space services had a goal to create diversity to services within the branches by procuring and selecting categories of stores mainly to suit with spending behaviors of clients making use of the services.
The Company provided rental space services in the standalone format to respond to diversified clients’ requirements apart from providing theater, bowling, karaoke and ice-skating rink services mainly by selecting categories of stores to suit with tastes and behaviors of those making use of the services, both in building as small-large stores as required by clients and outdoor market with restaurant and store zoning and free live music show every night. Since December 2019 the Green Line Sky Train on section Morchit, Sapan MaiKhukot opened for services, which enabled clients to access Ratchayothin Trade Center more conveniently and expanded client base to rural areas.
Information on rental spaces and rental rates as at 31 December 2022.
Branch | Areas(sq.m.) | %Occupancy | Leasehold |
---|---|---|---|
Metropolis | 21,961 | 22% | sublease |
NgamwongwanKaelai | 11,075 | 66% | owner |
Sukhumvit | 5,979 | 76% | owner |
Ratchayothin* | 2,964 | 94% | owner |
Rangsit* | 1,341 | 100 | owner |
Aomyai | 935 | 44% | sublease |
Future Rangsit | 673 | 100% | sublease |
Samrong | 429 | 100% | sublease |
Siam Paragon | 382 | 84% | sublease |
Quartier Cineart | 253 | 100% | sublease |
Pitsanulok | 186 | 100% | sublease |
Bangkapi | 110 | 0% | sublease |
Lotus Navanakorn | 99 | 100% | sublease |
Samuii | 89 | 0% | sublease |
Chiangmai | 30 | 100% | sublease |
Total | 48,828 | 51% |
Note *Specifically for spaces under lease agreement with leasehold remunerations not transferred to Major Cineplex Lifestyle Mutual Fund.
Rental under Major Cineplex Lifestyle Leasehold Property Fund | Areas(sq.m.) | %Occupancy |
---|---|---|
1. Ratchayothin | 8,146 | 97% |
2. Rangsit | 2,269 | 64% |
3. Ratchayothin Avenue | 8,234 | 76% |
Total | 18,649 | 84% |