Frasers Property Thailand wins Asia's Most Influential Companies Award at ACES Awards 2024

BANGKOK, November 21, 2024 --

Frasers Property (Thailand) Public Company Limited, represented by Mr. Sarit Triroj, Executive Vice President of Corporate Communication and Branding, received the Asia's Most Influential Companies Award at the ACES Awards 2024.

Frasers Property (Thailand) Public Company Limited or “FPT” has been recognised with the prestigious Asia's Most Influential Companies Award at the Asia Corporate Excellence & Sustainability Awards 2024 (ACES Awards 2024). Organised by MORS Group, a leading Malaysian business and sustainability consultancy, the award recognises outstanding organisations in Asia for excellence and sustainability. FPT’s recognition reflects its leadership position in Thailand's real estate sector and its resilience amid various challenges.

FPT’s recognition at ACES Awards 2024 also reaffirms its commitment to organisational excellence and business development across multiple dimensions:

1. Stable growth with strong performance: As an integrated real estate platform combining residential, industrial, and commercial properties, the company has a stable earnings base from recurring income sources while its development capabilities enable optimised risk adjusted returns for the company. This diversity provides portfolio flexibility, while its transition towards becoming a Real Estate as a Service brand with innovative services enhances customer experience and quality of life. This growth strategy is reflected in the company maintaining an ‘A’ credit rating with a ‘Stable’ outlook from TRIS Rating for four consecutive years.
2. Products and services meeting present and future demands: FPT leads the market in trend identification and innovative solutions, maintaining a customer-centric approach to deliver good end-user experiences. Notable examples include ‘PromptMove’, fully-furnished ready-to-use offices catering to modern entrepreneurs seeking private spaces without long-term commitments, and built-to-function buildings, an innovative hybrid between ready-built and built-to-suit facilities. FPT is Thailand's first industrial real estate developer to introduce this building format.
3. International market expansion: The companymanages factory and warehouse facilities in Karawang, Makassar, and Banjarmasin in Indonesia, and Binh Duong in Vietnam. These 70 units, strategically located in industrial and logistics hubs, comprise over 255,000 sqm under management. FPT plans further warehouse and factory developments while continuously exploring international business opportunities.
4. Sustainable business practices: As a member of Frasers Property, FPT is aligned with the Group’s ESG Goals and aims to achieve net zero carbon by 2050. The company is dedicated to implementing environmentally and socially responsible practices in developing its high-quality properties, aligning with climate change mitigation efforts to create a positive sustainability impact. FPT also actively engages in community initiatives that enhance the quality of life and contribute to the broader social well-being of its stakeholders.

Frasers Property Thailand remains committed to sustainable growth while prioritising social and environmental responsibility. The company strives to deliver positive experiences for all stakeholders, upholding its Purpose – Inspiring experiences, creating places for good.

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