Economy
Osotspa and CP AXTRA Partner to Develop New Retail Landmark in Hua Mak
Osotspa has signed a 30-year land lease agreement with CP AXTRA to transform 45 rai of its Hua Mak headquarters site into a major retail and lifestyle hub.
According to a report by Prachachat Business, Osotspa Public Company Limited (OSP) has entered into a strategic agreement with CP AXTRA (CPAXT) to lease 45 rai of land located at its headquarters in the Hua Mak area. The contract spans a 30-year period, during which the site is slated for development into a new retail and lifestyle center.
This project aims to revitalize the Hua Mak-Ramkhamhaeng district, positioning the area as a significant commercial landmark. For residents and frequent visitors to the area, this development suggests a future shift in the local landscape, potentially increasing the availability of shopping and lifestyle amenities in a historically significant business zone.
While the agreement marks a long-term commitment to the site's transformation, specific details regarding the architectural design, the exact mix of retail tenants, and the projected timeline for construction and opening have yet to be confirmed. Stakeholders and local observers are awaiting further announcements from the companies involved to understand the full scope of the project and its impact on the surrounding community.
Translated from Thai.
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