Frasers Property (Thailand) Public Company Limited, or "FPT," is moving forward by joining forces with Mitsui Fudosan Asia Development (Thailand) to develop a Free Zone Warehouse distribution center in Chachoengsao province, aimed at serving clients in the New S-Curve business sector. The official launch took place last November and has garnered significant interest from investors, with clients gradually signing lease agreements.

Mr. Pirapat Srisukont, Acting CEO of Frasers Property (Thailand), stated that FPT has invested in collaboration with Mitsui Fudosan Asia Development (Thailand) to develop a distribution center in the Free Zone of the Bangna 2 Logistics Park project, which has been completed and officially launched last November. The project has attracted considerable interest from international logistics service providers.

This distribution center is located in the EEC, a prime logistics area in Thailand, situated on Bangna-Trad Road, km 46, in Bang Pakong district, Chachoengsao province. The building offers over 25,000 square meters of flexible space designed to accommodate various storage and distribution needs, and it has been developed according to the TREES (Thai’s Rating of Energy and Environmental Sustainability) standards, ensuring efficient resource management and environmental friendliness. Due to its strategic location and commitment to sustainable development, it has already attracted clients from the New S-Curve industry in Australia.

This project marks the development of Phase 2 in the Bangna 2 Logistics Park, a continuation of the strategic partnership between Frasers Property Thailand and Mitsui Fudosan Asia Development (Thailand), following the successful development of a warehouse covering over 21,000 square meters in the General Zone last year, which achieved a 100% occupancy rate. Plans are already in place to develop Phase 3 next year.

Mr. Shigeki Komi, Managing Director of Mitsui Fudosan Asia Development (Thailand), expressed confidence in the potential of Frasers Property Thailand, a leader in industrial real estate with experience and expertise in designing and developing customer-centric factories and warehouses, along with sustainable solutions that align with global trends and the needs of leading clients. This collaboration is expected to meet market demand, drive growth in the Thai economy, and effectively support the New S-Curve industry.

About Frasers Property (Thailand) Limited

Frasers Property (Thailand) Public Company Limited, or “Frasers Property Thailand,” is a publicly listed company on the Stock Exchange of Thailand under the ticker symbol “FPT.” It is currently the first comprehensive real estate developer in Thailand with a platform covering three main sectors: 1) Residential, offering high-quality residential projects including houses, townhomes, and condominiums in various locations and price ranges; 2) Industrial, providing ready-built factories and warehouses for rent in strategic industrial and logistics areas across Thailand, as well as in Indonesia and Vietnam; 3) Commercial, which includes Grade A office buildings, retail spaces, and hotels located in Bangkok's central business district. Additionally, Frasers Property Thailand supports and manages real estate for the Frasers Property Industrial REIT (FTREIT) and the Golden Venture REIT (GVREIT), both of which are listed on the Stock Exchange of Thailand.

For more information, please visit www.frasersproperty.co.th.

About Frasers Property Limited

Frasers Property Limited (“Frasers Property” or “the Group”) is a multinational company listed on the Singapore Exchange (SGX-ST) that operates in real estate ownership, development, and management across various sectors. As of September 30, 2023, the Group's total asset value is approximately SGD 39.6 billion. Frasers Property's portfolio includes five asset classes: commercial and business parks, hotels, industrial and logistics properties, residential properties, and shopping centers. The Group operates in Southeast Asia, Australia, Europe, and China, and also owns and/or manages serviced apartments and hotels in over 20 countries across Asia, Australia, Europe, the Middle East, and Africa. The Group is committed to delivering valuable and memorable experiences to customers and shareholders by leveraging knowledge and capabilities from all markets and real estate sectors to create value across its diverse asset portfolio.