Central Phuket, a landmark mixed-use development in Phuket, Thailand, is set to undergo a US$836 million ($1.06 billion) expansion. Central Pattana, the retail-led real estate arm of Thai conglomerate Central Group, which owns the property, announced on March 2 that the expansion will increase Central Phuket’s total space by 40% to approximately 500,000 sq m (5,382,000 sq ft). Full completion is slated for 2028.

Located in Downtown Phuket, Central Phuket consists of two buildings, Central Phuket Floresta and Central Phuket Festival, which are linked by walkways. The development predominantly comprises retail offerings, including luxury brands and lifestyle shops, alongside F&B outlets and other attractions.

Under the expansion, Central Phuket Floresta will double its luxury footprint by 4Q2026, offering flagship luxury boutiques and exclusive brand concepts. Retail space at Central Phuket Festival will also be increased, offering over 250 brands upon completion in 1Q2028, including Zara’s largest flagship store in Southeast Asia, athleisure brands Alo and Lululemon, and fashion favourites Cos and Uniqlo.

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The expansion will also introduce a 5.5-acre (2.22 ha) Attractions Zone which features a purpose-built arena for entertainment and culture, and will be completed in 3Q2028. In addition, a 20,000 sq m culinary hub will offer a premium international dining concept and Michelin-recognised restaurants.

According to Central Pattana, the expansion underscores Phuket’s broader urban transition – from a tourism-led resort market to a year-round coastal economy supported by long-stay residents, high-net-worth-individuals, second-home buyers and growing international capital inflows.

The company adds that Central Phuket’s transformation will position it as core urban infrastructure underpinning Phuket’s downtown area.