• ​​Frasers Property Industrial (Thailand) Co., Ltd. ("FPIT") has increased its investment for 2022 to 10 billion baht, continuing to drive its business according to the 'Purple Ocean' strategic plan, emphasizing the strategies "We are ready" and "We are different" to transform real estate development for industry into a new era. The goal is to expand managed space from the current 3 million square meters to 4 million square meters by 2025, increasing market share and maintaining leadership.
  • Reaffirming its status as the number one leader in industrial real estate, FPIT has accelerated the delivery of Built-to-Suit projects totaling over 200,000 square meters post-COVID. Additionally, it has a substantial land bank ready for development in strategic locations for industry and logistics in Thailand and neighboring countries.
  • FPIT is focusing on delivering space to clients in the New Economy sector, which is experiencing high growth, including e-commerce, express delivery, electronics, EV automotive, and medical equipment. A mega project for an industrial city and logistics business park near the city will be launched soon.
  • In line with Frasers Property's sustainability vision, FPIT is committed to operating under the highest standards based on ESG principles. Every project will be developed according to green building standards, incorporating digital technology to enhance service delivery and effectively meet customer needs.

Frasers Property Industrial (Thailand) Co., Ltd. or "FPIT" is a leader in modern industrial real estate development in ASEAN, under Frasers Property Thailand Public Company Limited ("FPT"). The business plan for 2022 is laid out with a vision for the next five years post-COVID-19, focusing on transforming industrial real estate under the "Purple Ocean Strategy" and the strategies "We are ready" and "We are different." An additional investment budget of 10 billion baht will be allocated for current projects and mega projects, as well as expanding footprints abroad. The new projects to be launched this year mark another significant step for the Thai industrial sector.

With FPIT's commitment to transforming industrial real estate services into a new era, it guarantees international quality standards along with comprehensive solutions that integrate sustainability in all dimensions, such as energy conservation and environmental protection, the well-being of building users, and the surrounding community. Additionally, digital technology is applied to support service delivery to customers within FPIT's project areas, which is a trend desired by leading corporate clients today.

Mr. Sopon Racharaksa, Chief Executive Officer of Frasers Property Industrial (Thailand) Co., Ltd., stated, "In 2022, the company will build on the success of the Purple Ocean strategy, which has driven strong business growth over the past period, and enhance the organization's capabilities to keep pace with changes post-COVID-19, creating a competitive advantage and clearly presenting strengths that distinguish us from other service providers. This year, the company plans to sign contracts for the development of new industrial buildings totaling over 200,000 square meters, with many clients in the pipeline currently under negotiation."

Due to the increasing demand for logistics and industrial building space, FPIT is also preparing to launch two more mega projects: a large industrial city and a small logistics business park near the city, which will become a model for the future development of industrial areas. The company will leverage over 30 years of experience and continuous development to apply modern knowledge and technology to deliver excellent products and experiences in line with FPIT's business philosophy of creating inspiring spaces that enable seamless business operations for clients.

Currently, FPIT's industrial building portfolio is the largest in Thailand, with a total managed area of 3.1 million square meters, covering strategic industrial and logistics areas across all regions of Thailand, including the Eastern Economic Corridor (EEC), which also has standard factories and ready-to-use warehouses available for clients with urgent space needs. FPIT continues to aim to expand its managed area to 4 million square meters by 2025, targeting an annual expansion of 150,000-200,000 square meters.

In addition to investing in Thailand, FPIT is also leveraging its experience to invest abroad, starting in 2015 when the company began investing in warehouse development for rent in Indonesia, currently providing over 150,000 square meters. Most recently, last year, FPIT expanded its investment in industrial real estate in Binh Duong, Vietnam, which has received overwhelming responses from clients, prompting plans to launch Phase 2 with an additional 70,000 square meters, bringing the total rental space in Vietnam to over 100,000 square meters.


"FPIT believes that the industrial building business post-COVID-19, especially warehouses, will become increasingly important and the heart of trade between producers and consumers (New Center of Gravity), necessitating the company to rapidly adjust its short-term strategies to meet these new demands and ensure long-term growth alongside clients, employees, partners, and surrounding communities, driving the company to be an economic unit that propels Thailand's industrial sector forward after the COVID crisis (Post COVID-19). We believe that every important project of FPIT will serve as a model for industrial real estate that will promote and drive overall economic growth for Thailand. We are ready to continue developing spaces for clients to build their futures," Mr. Sopon concluded.