I am one of the investors in Promenada Chiang Mai. Does anyone know about the current status of the Promenada? Has this changed hands, or what else happened? I lost 1 million.

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Chiang Mai, the northern city in Thailand, has a Dutch drama of some magnitude. More than 400, mainly Dutch investors are 40 million euros poorer due to a completely failed real estate project in the city: the Promenada shopping center. 

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The Promenada in Chiang Mai is Thailand's first 'resort style' shopping mall and was set up by Dutch investors: the ECC Group.

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Culture and music enthusiasts should check out the Chiang Mai Fest at the Promenada Resort Mall this coming weekend.

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At the end of October, Dutch investor ECC festively opened its most recent project, Promenada Resort Mall in Chiang Mai, Thailand.

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Chiang Mai will have a prestigious shopping mall, the Promenada Resort Mall. The mall will be located on the new Chiang Mai – San Kamphaeng road on a stretch of 9.3 hectares.

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