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Siam Piwat Takes 15,000Sqm Nextopia Model to UN Global Compact Summit

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Siam Piwat Takes 15,000Sqm Nextopia Model to UN Global Compact Summit

Siam Piwat presented its 15,000-square-metre Nextopia sustainable retail format at the United Nations Global Compact Leaders Summit 2026 in New York.

Group chief executive Chadatip Chutrakul detailed the commercial and environmental performance of the redevelopment, which opened at Siam Paragon in Bangkok in November 2025.

Nextopia functions as a dedicated district within the mall that combines retail tenancies with circular-economy operations. The format uses renewable energy, reduces water and power consumption, and diverts commercial waste through on-site recycling systems.

Siam Piwat designed the 15,000-square-metre space to test whether commercial retail floors can run on lower operating emissions without sacrificing tenant revenue. Since opening in November 2025, the zone has secured several international green certifications while cutting greenhouse gas output across its tenant footprint.

Chutrakul framed the project as a working template for urban landlords managing dense commercial real estate in Southeast Asia. Addressing delegates at the UN summit, she argued that property developers must track social and ecological output alongside revenue per square metre.

“True success goes beyond financial achievement. Business must create opportunities, enhance quality of life, and deliver lasting benefits for communities, society, and future generations,” said Chutrakul.

The UN presentation follows Chutrakul’s win at the Mapic Awards 2025, where she received the inaugural Pioneers of Places award. She was the only Asian executive in the inaugural cohort, joining European property heads including Maurice Bansay of Apsys, Philippe Journo of La Compagnie de Phalsbourg, Alexander Otto of ECE Group, and Alain Taravella of Altarea.

That award recognised developers who altered city centres through large-scale place-making projects.


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