The Mall Korat Faces Lease Renewal Negotiations
The Mall Group is currently negotiating a new lease for its 52-rai site in Korat, with reports suggesting a proposed rental fee of 4.8 billion baht.
According to a report by Prachachat Business, The Mall Group is facing a critical juncture regarding its 'The Mall Korat' location. The current lease for the 52-rai property is set to expire on January 19, 2027. Reports indicate that the landowners have proposed a new rental fee of 4.8 billion baht, leading to speculation about the group's ability to sustain the location under these terms. While The Mall Group is actively pursuing other major developments, including the 'Bangkok Mall Bangna' project scheduled for a phase-one opening in late 2028, as well as new ventures in Ramkhamhaeng, Ram Inthra, and Phuket, the future of the Korat branch remains a significant point of interest for local residents and stakeholders. For residents and visitors in Nakhon Ratchasima, this situation may impact the long-term availability of this major shopping destination. It remains to be confirmed whether The Mall Group will accept the proposed rental terms or if the site will undergo a transition. As of now, no official decision regarding the renewal or closure of the Korat branch has been finalized by the company.
