Yes the World Trade Center was a dump. I have done a fair amount of shopping at Central World in the past few years. Has the entire thing burned to the ground or just part of it? Can't tell from the pictures I've seen.
News! Situation in LoS
Started by
waltz
, May 20 2010 12:40 AM
14 replies to this topic
#14
mardhi
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Posted 21 May 2010 - 12:20 PM
Crackerjax It would appear that most of the damage has occured in the 'Old' half of the mall (where Zen was located and part of the original World Trade Centre) - the new section was a different building albeit adjacent and cleverly designed to flow seamlessly as far as shoppers were concerned. It remains to be seen how much structural damage has been done to the remainder of the shopping mall (probably huge amount of smoked damage rendering all stock useless), The Office tower and also the 5* Centara Grande Hotel (all of which are owned by Central Group). The only good thing from this is that Central are extremely financially solvent - they will be able to make good on this damage very quickly while determining who will be picking up the final bills, be it government, red shirts, Insurers etc.
Cheers
Mardhi
Cheers
Mardhi
#15
*rob*
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Posted 21 May 2010 - 09:58 PM
CentralWorld costs Zen fire at B1.3bn
* Published: 21/05/2010 at 06:59 PM
* Online news: Breakingnews/ Bangkok Post
The rear section of CentralWorld mall could possibly be rebuilt in six months, but the rest will take a lot longer, a Central Pattana Plc executive member said on Friday.
CentralWorld mall, the second-biggest retail complex in Southeast Asia, suffered massive damage due to arson on Wednesday when troops dislodged protesters from Ratchoprasong intersection, which they had occupied since April 3.
The fire raged out of control because authorities had cut off electricity and water supplies to the Ratchaprasong area. This hindered firefighters and disabled the mall's sprinkler system.
"We have industrial all risks insurance of 13 billion baht and another US$100 million for riot and terrorism,'' said chief financial officer Naris Cheyklin.
"Zen was badly hit but the back bit hasn't been affected that much and can be renovated. The cost of rebuilding and renovating everything shouldn't reach 10 billion baht, within the insurance limits.''
CPN invested 26 billion baht to open the store in 2006, aiming to draw 150,000 shoppers per day. About 5,000 people worked there in at least 500 shops.
Zen has seven floors totalling 50,000 square metres, topped by 13 floors of Zen World with another 30,000 sq m. It sold clothes and other goods targeted at younger customers, tourists and affluent Thais.
The store expected to lose 1.35 billion baht in sales if it has to close for renovations for at least six months. Zen had targeted sales of 2.7 billion baht this year.
CPN closed 12 of its 15 stores in Bangkok and the surrounding area on Thursday because of the security situation, but said all of them opened today except for those in the Silom and Chidlom areas. Its store in Chiang Mai, which also experienced public disorder on Wednesday, was also closed.
Delaying the planned temporary closure for renovation of another flagship department store on Lat Phrao "could be an option'' to compensate for lost revenue, said Mr Naris.
* Published: 21/05/2010 at 06:59 PM
* Online news: Breakingnews/ Bangkok Post
The rear section of CentralWorld mall could possibly be rebuilt in six months, but the rest will take a lot longer, a Central Pattana Plc executive member said on Friday.
CentralWorld mall, the second-biggest retail complex in Southeast Asia, suffered massive damage due to arson on Wednesday when troops dislodged protesters from Ratchoprasong intersection, which they had occupied since April 3.
The fire raged out of control because authorities had cut off electricity and water supplies to the Ratchaprasong area. This hindered firefighters and disabled the mall's sprinkler system.
"We have industrial all risks insurance of 13 billion baht and another US$100 million for riot and terrorism,'' said chief financial officer Naris Cheyklin.
"Zen was badly hit but the back bit hasn't been affected that much and can be renovated. The cost of rebuilding and renovating everything shouldn't reach 10 billion baht, within the insurance limits.''
CPN invested 26 billion baht to open the store in 2006, aiming to draw 150,000 shoppers per day. About 5,000 people worked there in at least 500 shops.
Zen has seven floors totalling 50,000 square metres, topped by 13 floors of Zen World with another 30,000 sq m. It sold clothes and other goods targeted at younger customers, tourists and affluent Thais.
The store expected to lose 1.35 billion baht in sales if it has to close for renovations for at least six months. Zen had targeted sales of 2.7 billion baht this year.
CPN closed 12 of its 15 stores in Bangkok and the surrounding area on Thursday because of the security situation, but said all of them opened today except for those in the Silom and Chidlom areas. Its store in Chiang Mai, which also experienced public disorder on Wednesday, was also closed.
Delaying the planned temporary closure for renovation of another flagship department store on Lat Phrao "could be an option'' to compensate for lost revenue, said Mr Naris.
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