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Post Info TOPIC: Udon Plaza targets community Mall in Vientiane !!
Anonymous

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Udon Plaza targets community Mall in Vientiane !!
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Udon Plaza, the developer and operator of UD Town in Udon Thani, is studying a plan to develop a community mall in Vientiane.

The firm is in negotiations with a Malaysian investor who has a long-lease contract to develop nearly 100 rai of land as a free-trade zone in the Thanaleng area of the Lao capital.

 

The company's managing director, Worapol Weerachatyanukul, said the company has a strong interest in investing in Laos after UD Town, an open-air shopping centre in Muang district, Udon Thani province, has its grand opening on November 23.

 

He added that if the company concludes a deal to develop land in Thanaleng, it estimates an investment budget of between Bt300 million and Bt400 million will be needed to develop a mall like UD Town on at least 25 rai.

 

"We have to take time before making a decision to invest because we have to study the Lao legal system and potential for investment. However, this has potential to be our next project investment after UD Town starts operations this year," he said.

 

The company is also negotiating with the State Railway of Thailand (SRT) to develop agency land in Nong Khai into a community mall.

 

Worapol said that the project in Nong Khai is still being negotiated and may be concluded next year.

 

Worapol, who is also the exclusive handset distributor for Total Access Communication (DTAC) in 11 northeastern provinces, started to develop UD Town three years ago after signing a 30-year lease with SRT to develop 25 rai of land located close to the station in Udon Thani.

 

Udon Plaza separated the land into two projects, with the first 11 rai developed as UD Bazaar and the remainder developed as UD Town. The investment cost Bt600 million, against the original estimate of Bt500 million.

 

Worapol said one-third of the funding was in the form of a bank loan and the remainder from the company's capital.

 

UD Town already has a booked occupancy rate of 80 per cent of the retail space of 13,000 square metres, with local and international brands such as Carrefour, McDonald's Drive Through, Minor Food Group (Swensen's and Dairy Queen), Lee, Wrangler and G2000 having made reservations.

 

The company expects the number of shoppers to average 25,000-30,000 a day, spending between Bt2,500 and Bt3,000 per head.

 

The company estimates its revenue will reach Bt150 million in the first year of operation, generating a return that will cover its investment within three years, he said.

 

He added that Vientiane would be the host for the next years SA Games from December 9-16. The company believes UD Town can benefit from this event by joining with SRT to launch a special route from Taleng station in Vientiane to UD Town.

 

Worapol added that the company also has plans to develop a hotel on the land to close to UD Plaza in the next three years.

 

"We are negotiating with SRT to lease between five and six rai close to UD Town and Plaza to develop a hotel which will have about 100 rooms. We will invest at least Bt200 million, but this investment will start three years from now. We have to wait and see whether demand in the tourist market recovering," he said.

 

Worapol has undeveloped land of nearly 300 rai in Udon Thani, which may be developed into an industrial estate or residential project.

 

"We will develop project by project. This will take between three and five years to develop," he said.

http://www.nationmultimedia.com/2009/07/27/business/business_30108368.php



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Guru

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thats good for us, i think we should open more factories to supply the supermaket. don't import everything from thailand, vietnam and china

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khonthakek wrote:

thats good for us, i think we should open more factories to supply the supermaket. don't import everything from thailand, vietnam and china



true dat brotha

 



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Anonymous

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do you mean that import from Thailand is oK ? furious

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Anonymous

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Wow I hope the mall is built already by the time I get back. Sometimes i find it difficult to shop around in Laos coz you have to know the right place for a good buy. The mall will provide a one-stop shop and good to hang out during summer time in VNT.
smile


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Anonymous

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More shopping mall built in laos and that is good and attract more tourist in and outside of the country and happy for laos. Built more shopping mall.

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I prefer to shopping in talatsao, it's nearer...to spare my time and petrol cost...if the investor doen't want to go bankcruptcy, it has to settle his mall in the central of vientiane otherwise no one in vientiane will go to spend 10-20 % of extra cost in fuel to buy the same goods of similar quantity and quality that can be found everywhere in saysetha or sisattanak or chanthabuly district (excepting going there for leisure once or twice a year to see how the mall looks like ).

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Anonymous

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soon will be no more Laos  viet swallow on east side of the country thai swallow on west side chew.gifchew.gifchew.gifchew.gifchew.gif

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Guru

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it's our fate bro, we cannot make a contour it but go straight into it ... and we are like a stuperfied **** hit by a stick not being able to see where to go ... we cared too much about politic, everyone must know politic, oh my god ! what "tusee-tusa - nhatuat" have to do with marxist-leninist theory and we forgot our good living condition by fighting to erase poverty out of our life but we stayed still and the others run, fight, after 30 years we are at the same place ,mending money for primary school construction but other are far away, they are rich able to build sky scrapers, three storey super highways

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Anonymous

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khonthakek wrote:

thats good for us, i think we should open more factories to supply the supermaket. don't import everything from thailand, vietnam and china




But I think we should not be looking at where or who we will import as long as we can afford that. But I think that we rather to think of creating more jobs for local people as well as tax revenu... What do you think?



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Guru

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what a beautiful design. however, it looks small to be called a "mall". that would help commercialize the place even more.







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Bunnmy

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Dont need Thai investors in Vientiane



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Anonymous

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Look!!  Can you see with Your mind's eyes, peoples're  dwelling together?

Sorrow has passed, Peace at last!                             Life without Tears or Pains.

Paradise on Whole Earth, all will enjoy as we sing of       Creator's Glory. Long as we live and witnessing,            we will give To Creator, Our Maker Thanks. 

 Jah said. John 3:16

 



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Anonymous

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What is wrong with Thai? Thais are our brotherhood for longtime ago, Thais can do all things for Laos, Vietnam, And Cambodia, nothing wrong for investiment together, friends to create more jobs for Laotians, that better than Laotians are working hard for Bt1 for K250, please don't worry about maxist and lenism or they are followers' system sush Vietnamese will eat land, Laotian people's party is most intelligent in the SEA worlds, as they have been conqered and turning back to trust the king Chao Anouvong see!!! Hopefully, True God in the Heaven inspires all of them, Who knows? 5555,yes I am imperfect man keeps on the whatch better to get the large benefits for all. ຈະຕ້ອງງາມສະງ່າທົ່ງນາແ້ລງ$$$$ ເມືອງລາວເສົ້າສາວເອີຽຢ່າໃດ້ວ່າມັນສີໂປ໋ງບາດຫຼ້າລະເບີດນາປານເງີນລ້ານ ທັງ ໝາກແຕງຊ້າງໜວຽປາຽ ຜູ້ນັ່ງເບີ່ງຄອຽນັບເອົາກຳ່ໃລງາມໆເອີຽ!!!!

ຈາກ ບ່າວສາວແຄມງື່ມແດນງາມ

  



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Anonymous

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Damn!  I thought it was new post. Almost finished reading when I found out.

It was posted July 27, 2009 frustrated.gif



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