Siam Piwat Company Limited is the pioneer of retail development in Thailand and one of Thailand’s foremost retail development companies. Founded on January 10, 1959, Siam Piwat was honored to be granted 72 rai of land located on Rama I Road whereby the space extends to the Prathumwan Intersection right in the heart of Bangkok. Throughout 5 decades, Siam Piwat’s projects have consistently introduced innovative retail development concepts to Thailand that have both raised the quality of life of Bangkok’s residents, as well as strengthened the position of Thailand as one of the most attractive shopping destinations in the region. It operated with sound management policy, good corporate governance, and solid financial position. With these principles and resources, the Company develops and manages 5 real estate projects and turns them into remarkable achievements, known and admired globally and, time and time again, ensuring Thailand’s position as a world-class destination.
Siam Piwat is the owner and developer of Bangkok’s most iconic shopping destinations, including Siam Center, Siam Paragon, Siam Discovery, and Paradise Park.
Our well-established portfolio consists of the following real estate projects.
Siam Center was built 40 years ago as Thailand’s first shopping center of international standard. When it opened its doors in 1972 it was like nothing that had come before it: it was a big, fully air-conditioned facility that brought together, under one roof, many and diverse retailers. It was the first time the concept of the shopping center appeared in Thailand.
The new Siam Center that is now opening its doors after a US$60 million rebuild, is, again, introducing a totally new retailing concept, as revolutionary as the first “Siam Center : The Ideaopolis”- a place where great new ideas are presented, convergence of art, fashion, technology, lifestyle and entertainment . But this time, it isn’t just a ‘first’ for Thailand. It is a first, globally.
- This is the first time, anywhere in the retailing world, that a retail developer has set a distinct concept for their venue and where retailers and brand owners have designed their stores to be consistent with the overall design concept of the venue – even including the biggest of big-name brands and food-and-beverage outlets.
- It is also one of the first retail and lifestyle venues where around 20% of the offerings of stores and food-and-beverage outlets will be unique to Siam Center and only available at Siam Center, while big, fast-forward brands have agreed to present their newest collections in Siam Center before they are presented at any other store in Thailand.
Siam Discovery started operations in 1997 as Thailand’s first “Lifestyle Shopping Center”, featuring flagship stores of unique international brands and services that best match the modern urban lifestyle. The shopping center has always been one of Asia’s most popular tourist destinations even before its major facelift inside and out in 2010. Siam Discovery’s re-launch came with the opening of “Madame Tussauds”, spanning 3000 square meters. This marked Southeast Asia’s first and the world’s 10th branch of the famous London wax museum. The shopping center also features “Sky Dining”, 2 floors of Bangkok’s hippest restaurants.
Siam Tower Office Building is a smart 30-storey office building located above Siam Discovery in Bangkok’s prime downtown spot. The building is equipped with a modern security system of high standards. It is the headquarters of Siam Piwat Co., Ltd. as well as a trusted location housing offices of other leading international companies.
Siam Paragon is a 15,000 million baht joint venture between Siam Piwat Co. Ltd. and the Mall Group Co. Ltd., operated by Siam Paragon Development Co. Ltd. and Siam Paragon Retail Co. Ltd. Siam Paragon started operations in 2005 and has since welcomed over 250 leading local brands and international labels, an aquarium, a movie theater, and a convention and exhibition center to its 500,000-square meter space.
Created as an elegant showpiece of high standards, Siam Paragon is one of Asia’s most thriving real estate projects, as well as Thailand’s pride. Today, it has become an international tourist destination, elevating Bangkok to the status of a true world-class shopping destination.
In 2009, Siam Piwat Co., Ltd. and MBK Plc. Ltd. made a joint venture to buy and transform a mall formerly known as Seri Center into “Paradise Park Shopping Center” at a total cost of 3,200 million baht. The shopping center, spanning 300,000 square meters, went through a major facelift inside and out under the concept of “the Oasis of Srinakarin”. Paradise Park features flagship stores of numerous leading brands, restaurants, tutoring centers, and other services new to the Srinakarin area. It aims to serve customers of all ages and genders from the eastern districts of Bangkok and beyond.