Frasers Property Industrial (Thailand) Company Limited (FPIT), a leading industrial property developer in ASEAN and subsidiary of Frasers Property (Thailand) Public Company Limited (FPT), has completed the development of 16,000 square meters built-to-suit warehouse (Phase 1) for its new client LF Logistics (Thailand) Limited, one of the most operations-centric logistics service providers, to streamline the supply chain of its world class customer in Thailand.
The new warehouse of LF logistics (Thailand) is located at Frasers Property Logistics Center (Bangplee 7) in Samutprakarn province. The location is greatly sought after by manufacturers and logistics companies as it is at the center of industrial and logistics cluster and connected to provinces in the Eastern Economic Corridor (EEC), enabling the highest efficiency of the logistics operations domestically and internationally. Currently, there is 30 rai plot of land, or approximately 48,000 sqm, remaining for future catering to the demand for logistics operations.
Mr. Sopon Racharaksa, CEO of Frasers Property Industrial (Thailand) Company Limited, said: "It is a great pleasure of FPIT to develop the brand-new distribution center for LF Logistics (Thailand). We believe this meticulously designed built-to-suit warehouse on the strategic location will strengthen LF Logistics (Thailand)'s operational efficiency."
To support the operation growth of LF logistics (Thailand), FPIT designed and built the warehouse strictly in compliance with the international standards. With the design focusing on the efficiency of warehousing and distribution management, the 16,000 square meter built-to-suit facility features a storage zone of 13-metre clear height supporting up to 3 tons per square meter. It also has an extensive highest standard for safety system that adheres to FM Global, one of the world's most reliable commercial and industrial property insurance specializing in risk mitigation and property loss prevention. The new development is also in compliance with the Leadership in Energy and Environmental Design (LEED), Gold Level. The certifications signify the focus to enhance the well-being of the tenants and community and minimize environment impact and footprint.
FPIT incorporates sustainability into various aspects of the industrial building by the use of materials to reduce heat absorption, water and energy saving equipment, low volatile organic compounds paints, solar panel support system and utility management through digital platforms.
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About Frasers Property Industrial (Thailand) Company Limited
Frasers Property Industrial (Thailand) Company Limited ("FPIT") is a leading provider of modern industrial property development in Thailand, a subsidiary of Frasers Property (Thailand) Public Company limited ("FPT"). The Company provides integrated development of industrial properties with a strong portfolio of factory and warehouse of over 3 million square meters under management in 50 strategic locations within major industrial estates, industrial parks, industrial promotion zones, logistic parks, and free-trade zones across Thailand. FPIT provides Ready-Built industrial properties in various sizes and specification and Built-to-Suit development to meet all customers' needs. The Company also offers best-in-class industrial properties which are designed and developed with green building standards and certifications to serve sustainable developments.
About Frasers Property (Thailand) Public Company Limited
Frasers Property (Thailand) Public Company Limited ("FPT"), a subsidiary of Frasers Property Group is a leading integrated real estate platform with multi-asset class expertise. FPT through its subsidiary, Golden Land Property Development Public Company Limited ("GOLD") has businesses in Industrial, Residential, Commercial and Hospitality property in Thailand.
FPT is also the sponsor and manager of Thailand's largest industrial REIT, Frasers Property Thailand Industrial Freehold & Leasehold REIT ("FTREIT"), which is focused on industrial and logistics properties in Thailand; while GOLD is a sponsor and property manager of Golden Ventures Leasehold Real Estate Investment Trust ("GVREIT"), a REIT focused on commercial properties. FPT, FTREIT and GVREIT are listed on the Stock Exchange of Thailand.
For more information on FPT, please visit: frasersproperty.co.th.
About Frasers Property Limited
Frasers Property Limited ("Frasers Property" and together with its subsidiaries, the "Frasers Property Group" or the "Group"), is a multi-national developer-owner-operator of real estate products and services across the property value chain. Listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") and headquartered in Singapore, the Group has total assets of approximately S$40.7 billion as at 31 March 2022.
Frasers Property's multi-national businesses operate across five asset classes, namely, residential, retail, commercial & business parks, industrial & logistics as well as hospitality. The Group has businesses in Southeast Asia, Australia, Europe and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 20 countries in 70 cities across Asia, Australia, Europe, the Middle East and Africa.
Frasers Property is also the sponsor of two real estate investment trusts ("REITs") and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties, respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties.
The Group is committed to inspiring experiences and creating places for good for its stakeholders. By acting progressively, producing and consuming responsibly, and focusing on its people, Frasers Property aspires to raise sustainability ideals across its value chain, and build a more resilient business. It is committed to be a net-zero carbon corporation by 2050. Building on its heritage as well as leveraging its knowledge and capabilities, the Group aims to create lasting shared value for its people, the businesses and communities it serves. Frasers Property believes in the diversity of its people and are invested in promoting a progressive, collaborative and respectful culture.
For more information on Frasers Property, please visit frasersproperty.com or follow us on LinkedIn.