BANGKOK, December 26, 2024 -- The Industrial business of Frasers Property (Thailand) Public Company Limited, or “FPT” has advanced its strategic partnership with Mitsui Fudosan Asia Development (Thailand) to develop a Free Zone Warehouse distribution centre in Chachoengsao Province to serve new S-Curve business customers. Officially launched in November 2024, the distribution centre has attracted significant investor interest from international logistics service providers with sustained tenant sign-ups.
Mr. Peerapat Srisukont, Acting Chief Executive Officer of the industrial business of FPT, stated that FPT has jointly invested with Mitsui Fudosan Asia Development (Thailand) Company Limited to develop a Free Zone Warehouse at Bangna 2 Logistics Park. The facility, which was completed and officially launched in November 2024, has garnered substantial interest from international logistics service providers.
At a glance
- Company
- Frasers Property (Thailand) Public Company Limited
- Ticker
- FPT
- Announcement
- Partnership
- Location
- Bangkok, Thailand
Key figures
- Free Zone warehouse space
- over 25,000 sqm
- Earlier General Zone warehouse
- 21,000 sqm
- Earlier warehouse occupancy
- 100%
People
- Peerapat SrisukontActing Chief Executive Officer of the industrial business of FPT
- Shigeki KomiManaging Director of Mitsui Fudosan Asia Development (Thailand) Company Limited
Products and programs
The distribution centre is located in the Eastern Economic Corridor (EEC), a strategic logistics hub in Thailand, situated on Bangna-Trad KM 46, Bang Pakong District in Chachoengsao Province. The building offers over 25,000 sqm of highly flexible space that accommodates businesses’ diverse storage and distribution needs. Developed according to the Thai Green Building Institute’s TREES (Thai's Rating of Energy and Environmental Sustainability) standards, the facility possesses ESG features to support efficient energy and resource management. With its attractive location and features, FPT has already secured an Australian New S-Curve industry tenant.
The collaboration marks Phase 2 of the development of Bangna 2 Logistics Park and follows FPT and Mitsui Fudosan Asia Development (Thailand)’s successful initial development of a 21,000 sqm warehouse in the General Zone in 2022, which achieved 100% occupancy. Plans are in place to develop Phase 3 next year.
Mr. Shigeki Komi, Managing Director of Mitsui Fudosan Asia Development (Thailand) Company Limited, expressed confidence in Frasers Property Thailand's position as a leading industrial property developer, saying: “Frasers Property has extensive experience and expertise in designing and developing factories and warehouses with customer-centricity and ESG standards in mind, meeting the requirements of top-tier clients. This partnership we share will help address growing market demand for quality industrial spaces, driving Thailand’s economic growth through its support for New S-Curve industries.”
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.
In brief
Frasers Property (Thailand) says it has partnered with Mitsui Fudosan Asia Development (Thailand) on a Free Zone warehouse at Bangna 2 Logistics Park in Chachoengsao Province. Completed and opened in November 2024, the centre offers more than 25,000 sqm of space and has attracted international logistics providers, according to the company. FPT says it has secured an Australian tenant from a New S-Curve industry. The project is Phase 2 of the park’s development; the partners’ earlier General Zone warehouse, completed in 2022, reached full occupancy, the release says. FPT plans to develop a third phase in 2025. The new facility was developed to Thai Green Building Institute TREES standards and includes features intended to support energy and resource management.
Key takeaways
- FPT and Mitsui Fudosan Asia Development (Thailand) jointly developed a Free Zone warehouse at Bangna 2 Logistics Park.
- The centre, opened in November 2024, offers over 25,000 sqm and has attracted international logistics providers, FPT says.
- FPT reports securing an Australian tenant from a New S-Curve industry.
- The partners plan to develop Phase 3 in 2025; their 2022 warehouse reached 100% occupancy, according to the release.
Earlier from Frasers Property (Thailand) Public Company Limited
- Frasers Property Thailand wins Asia's Most Influential Companies Award at ACES Awards 2024
- Frasers Property Thailand receives "Excellent" Corporate Governance Report rating for fifth consecutive year
- Frasers Property Thailand secures "A" credit rating from TRIS for the 4th consecutive year, affirms leading position in real estate industry
- Frasers Property Thailand wins 5 international awards at HR Asia Awards 2024 and HR Excellence Awards 2024
- FPT appoints Managing Director of FIRM to drive strong growth for FTREIT
