Rental and Services Business

The company operates retail space in the Standalone Cineplex to fulfill the lifestyle entertainment model by offering the customers with various entertainment services beyond movie, bowling karaoke and ice skating. The company selects trendy brands that offer distinctive products and services that match customers' lifestyle and satisfaction. There are 2 types of retail space which are - long-term lease contract which is more than 3 years and short-term rental contract which is less than 3 years.

As the Cineplex becomes "destination" for lifestyle entertainment, the company is able to attract many leading international chains as well as the newly emerging local brands. With the intense competition among the quick-serve restaurant chains, every brand is in need of new rental space to expand their new branches. This has resulted in high occupancy rate in every location. Moreover, company provides all services in space rental which are the electricity, air-conditioned services, fire protection system, cleaning and security system as well as common area management services such as elevator, escalator and parking. In 2014 the company has renovated the area outside of cinema building at Major Ratchayothin location and furnished property to international theme called "Center Point @ Major Ratchayothin". This shopping center has variety shops, including clothes shopping, beauty complexes, and restaurants, and also has outdoor activities such as secondhand market, activities areas or mini-concerts to serve the company's concept. However a construction of BTS project called the Green-Line (North), from Mochit to Saphan Mai had been constructed since March 2016, the extended line is scheduled to operate in 2020. In this meantime, Major got significantly impact from decreasing of rental revenue as well as occupancy rate declined. Therefore, the company expects that the rental revenue will get sustainable growth once the construction is completed.

Branch Areas (sq.m.) %Occupancy
Metropolis 21,961 100%
Ngamwongwan-Kaerai 11,537 78%
Sukhumvit 6,617 92%
Ratchayothin 2,979 98%
Samrong 2,148 38%
Rangsit 1,564 94%
Aomyai 1,150 100%
Future Rangsit 688 100%
Ramkhamheang 451 73%
Samui 378 61%
Siam Paragon 374 78%
Nakhonsawan 190 100%
Pitsanulok 186 100%
Rama 2 133 100%
Quartier Cineart 120 100%
Bangkapi 110 100%
Lotus Navanakorn 99 100%
Chiangmai 30 100%
Total 50,656 90%