Ikano Centres and Central Pattana today announced a THB 6 billion (EUR 158 million*) expansion of Megabangna shopping centre, creating a new nature-led, experience-led destination designed for the next generation of families and communities. Scheduled for completion in Q3 2028, the expansion will add approximately 170,000 sq.m. of gross building area (GBA) including retail space and an additional 1,750 car parks and bringing Megabangna shopping centre’s developed area to around 800,000 sq.m. and marking the halfway point of its long-term masterplan, and an important milestone after 14 years of success, more than 670 million visits, record-high performance and 100% occupancy.
The investment reflects long-term confidence in Thailand and Eastern Bangkok, one of the capital’s fastest-growing urban districts. It also marks a significant milestone in Megabangna’s long-term masterplan, which spans more than 128 acres, comprises over 1.3 million sq.m. of development, and has a projected total project value of THB 70 billion (EUR 1.86 billion*).
Adrian Mirea, Managing Director, Ikano Centres, Part of Ikano Retail, said, “More than fourteen years ago, we saw the potential of Thailand and the potential of Bangna. We envisioned the strategic match with our Ikano Group vision, to create possibilities for better living. We knew this location could become much more than a retail destination – it could become a place where people choose to spend time, connect with family and friends, and become part of their everyday lives. Since opening, Megabangna has welcomed more than 670 million visits, including a record-breaking 60 million visits in 2025, while maintaining 100% occupancy. The destination is also home to Thailand’s first IKEA store, which is one of the largest IKEA stores in Southeast Asia, and has evolved into one of ASEAN’s leading retail and lifestyle destinations. What makes us most proud is not only the scale or performance of the project, but the enduring relationship we have built with our customers over the past fourteen years.”
Phoom Chirathivat, Head of Hotels and Alternative Investments, Central Pattana Plc., said, “Reflecting Central Pattana’s vision of a ‘A Future-Led Ecosystem,’ today marks a significant milestone for
Megabangna and underscores our commitment to Thailand, Bangna, and Eastern Bangkok. Over the past 14 years, Megabangna’s first phase has achieved remarkable success. This second phase is more than an expansion – it is a strategic THB 6 billion investment in the future of urban development, creating a more connected, sustainable, and liveable destination for families, businesses, and communities. Looking ahead, with a projected total project value of up to THB 70 billion upon full completion. Future phases may introduce a diverse mix of components, including office, hospitality, residential, and other complementary uses that will further strengthen the destination. As part of the Megacity Vision, the project is expected to become a leading destination in Eastern Bangkok and one of Thailand’s most ambitious urban developments, supporting economic growth, sustainable urbanisation, and an enhanced quality of life.”
“With a THB 6 billion investment scheduled for completion in Q3 2028, we are advancing a nature-led urban district that integrates retail, public spaces, services, and everyday conveniences into a vibrant city environment. This shopping centre’s expansion will add approximately 170,000 square metres of gross building area (GBA) including retail space and an additional 1,750 car parks, making Megabangna home to one of the largest parking capacity in Bangkok and bringing Megabangna’s total developed area to nearly 800,000 square metres, marking the halfway point of our long-term masterplan,” Phoom added. Bangna is one of Bangkok’s fastest-growing districts, and with rising affluence, a growing Modern Affluent Family population and evolving consumer expectations, we are seeing strong demand for the next generation of retail, lifestyle, and community experiences. This expansion is designed to respond to these changing needs and support Megabangna’s continued growth in the years ahead,” he added.
Maris Aboltins, Managing Director of Megabangna Shopping Centre and Megacity, said, At Megabangna, we believe the future of retail is about much more than shopping. As customers increasingly seek experiences that enhance wellbeing, foster meaningful connections, and enrich everyday life, we are evolving Megabangna into a destination designed for people of all generations. Guided by the project vision of ‘A Destination for a More Thoughtful Everyday,’ this expansion goes beyond adding retail space to create more opportunities for people to spend quality time together, embrace healthier lifestyles, and enjoy richer everyday experiences, while further strengthening Megabangna’s position as ‘Your Everyday Meeting Place’ and contributing to the future of East Bangkok.”
The press conference was honoured by Arnoud Bakker, Director of Market Strategy and Real Estate Development, Ikano Centres, Part of Ikano Retail; Mr. Phoom Chirathivat, Head of Hotels and
Alternative Investments, Central Pattana Plc, and Maris Aboltins, Managing Director of Megabangna Shopping Centre and Megacity, who outlined their vision, shared key insights, and presented the project’s future development plans.
This expansion marks an important new chapter in Megabangna’s evolution, responding to changing needs and lifestyles. It brings together retail, dining, wellness, and community experiences in a more meaningful way, creating experiences designed for all generations. The ambition is not simply to create more retail space, but to develop a destination that remains relevant for future generations and
continues to evolve alongside customers for years to come.
The expansion translates these consumer insights into a new generation of lifestyle experiences designed around wellbeing, quality time and community. Building on the success of MEGA PARK, it introduces new green and community-focused spaces that encourage movement, recreation and meaningful connection. Inspired by Nordic design principles, the project emphasises openness, nature, and human-centred experiences, creating places where people can connect, spend quality time, and make Megabangna part of everyday life. Unique in Thailand at this scale, the destination reflects Ikano Centres’ long-standing Meeting Place philosophy, where retail, community, and everyday life come together in a more meaningful way.