"Origin Property" has unveiled its growth plan called "Origin Multiverse", which consists of three phases: Expanding-Growing-Connecting, aiming to expand its empire from real estate into four diverse business groups including logistics, healthcare, insurance, energy, finance, restaurants, and hemp.

            Preparing to register Primo Service Solution, One Origin, and Alpha Industrial Solution on the stock market to connect the empire with a total market cap of over 100 billion baht by 2025. It was revealed that in 2022, the real estate group plans to launch new projects worth 42 billion baht, targeting sales of 35 billion baht, along with the mega project of the year, "Origin Thonglor World."

           Mr. Peerapong Jaroonaek, CEO of Origin Property Public Company Limited (ORI) stated that in 2022, the company is preparing a new operational plan that will create significant changes under the concept of "ORIGIN MULTIVERSE", which consists of three main phases:

1. Expanding to the new universe divided into four groups: Residential for Sales, Recurring Income Business, Service Business, and Mega Trends Business.

            Each of these four groups will include subsidiary businesses that have gradually emerged since last year, such as logistics, healthcare, insurance, energy, finance, restaurants, and hemp, with the potential for more businesses to be added in the future.

2. Growing in the separated timeline with subsidiaries planning to register on the Stock Exchange of Thailand (IPO), led by Primo Service Solution Co., Ltd., a comprehensive real estate service provider, One Origin Co., Ltd., which operates recurring income businesses such as hotels, offices, and retail, and Alpha Industrial Solution Co., Ltd., a joint venture with JWDI Logistics Public Company Limited to operate industrial real estate businesses such as warehouses, logistics, and industrial estates. It is expected that by 2025, Origin and all listed companies will become an empire with a total market capitalization of over 100 billion baht.

 

3. Connecting the ecosystem by integrating various businesses to jointly cater to consumers as an ecosystem that meets the lifestyle needs of people of all ages, generations, and life stages.

In 2022, the company aims for an all-time high in all aspects, starting with the goal of launching a total of 31 new projects worth over 42 billion baht, an increase of 137% from last year. This includes 12 housing projects worth a total of 13.4 billion baht and 19 condominium projects worth a total of 28.6 billion baht. The condominium segment will grow across all segments, with new brands emerging such as Origin Play and Origin Place, and expanding into new locations like Thonburi. Additionally, there will be a new mega project in the Thonglor area under the name "Origin Thonglor World" with a total project value of over 15 billion baht, targeting sales of 35 billion baht and total revenue of 17.5 billion baht.

 

          Ms. Jatuporn Wilai Kaew, CEO of Primo Service Solution Co., Ltd. stated that in 2021, the company generated revenue of 490 million baht and is expected to be the first company in the group to register on the Stock Exchange of Thailand by late 2022 or early 2023, with a revenue target of 750 million baht by 2023, with financial advisors being Asia Plus Advisory Co., Ltd. and Jay Capital Advisory Co., Ltd.

 

        Mr. Pitipong Trainurak, CEO of One Origin Co., Ltd. stated that the focus remains on the hotel and tourism business, office leasing, and retail, but there will also be other businesses under management, such as residential project development in the Eastern Economic Corridor (EEC) and major provincial cities, as well as restaurant businesses. Within the next five years, projects under the development of One Origin are expected to be valued at over 49.1 billion baht. For the stock market registration, the financial advisor is Siam Commercial Bank (SCB).

       Mr. Pathan Somboonsin, Managing Director of Alpha Industrial Solution Co., Ltd. stated that the company is advancing its growth plan faster than expected, with over 155,000 square meters of land for industrial rental development by the end of 2021, compared to the original plan of 40,000 square meters. There are many more projects under the plan, both through acquisitions and self-development, aiming for over 1 million square meters of managed space by 2025. For the stock market registration, the financial advisor is Kasikorn Securities Public Company Limited.