Central Pattana, No. 1 Property Developer in Thailand, wins 'Thailand's Best Managed Companies 2022' Award, Highlighting its Leadership in Retail-Led Mixed-Use Development

Economy News Tuesday August 30, 2022 09:34 —PRESS RELEASE LOCAL

Central Pattana, No. 1 Property Developer in Thailand, wins 'Thailand's Best Managed Companies 2022' Award, Highlighting its Leadership in Retail-Led Mixed-Use Development

Central Pattana plc, the retail-led mixed-use real estate developer that covers Central shopping centers, residential projects, office buildings and hotels nationwide, highlighting its achievement as 'Place Maker' - developer of areas of the future that focus on improving the quality of life while caring for the sustainability of society and the environment - has won a 'Thailand's Best Managed Companies 2022' Award. This is one of the world's most important business awards, hosted by Deloitte Thailand, the global consulting service provider, which recognizes excellence in private companies in Thailand, for management success and contributions to driving forward industry and the country's economy.

Mr. Chanawat Uahwatanasakul, Chief Development and Commercial Officer, Central Pattana plc, said: "Central Pattana is delighted to receive this prestigious award from Deloitte as one of the winners of 'Thailand's Best Managed Companies 2022' and to be among the companies who are all outstanding leaders in their respective industries in Thailand and Southeast Asia. Central Pattana is committed to the vision of 'Imagining Better Futures for All' and this prestigious award helps to highlight our values and role as the 'Center of Life', which enhances the quality of life and creates new experiences for people, society, communities and the environment where our projects are located, nationwide.

"We believe that Central Pattana is the first and only developer to best cover a full range of projects under retail-led mixed-use development, comprising shopping centers, residential projects, hotels and office buildings. We are committed to continuing to operate our business with sustainability and helping move Thailand forward in every aspect - which Central Pattana has been doing for more than 40 years. We are honored that our commitment and dedication have been recognized by the 'Best Managed Companies' award and we are very proud that we are taking Thailand to the next level."

The 'Best Managed Companies' award is one of the world's most important business awards and has been held consecutively for 29 years, since 1993. The awards are granted based on internationally recognized standards that assess companies' management skills and approach, analysis of their strategies, business operations, ability, innovation, corporate culture and commitments as well as corporate governance and corporate finance. Comparative assessment is performed against a framework used by over 1,200 of the best-managed private companies worldwide. The awards are given to private companies that are committed to operating their business with high management standards, industry-leading innovation, and efficiency, are recognized nationally and internationally, and continuously adhere to their mission, their employees, customers, communities and the environment.

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