"Origin" has partnered with "JWD" to launch ALPHA, a comprehensive real estate development company for the industry, unveiling a 5-year plan to become a Top 3 player by expanding over 1 million square meters through self-development and mergers and acquisitions, with a REIT value of 12 billion baht. The plan includes creating a "Self-Storage" system in urban areas, targeting customers in the frozen food, health products, chemicals, and hazardous goods sectors, along with automation.

Alpha Industrial Solutions Co., Ltd. is a joint venture between Origin Property Public Company Limited and JWD Info Logistics Public Company Limited (JWD) in a 50-50 ratio. Currently, around 100 million baht has been invested, with plans for continuous capital increases to leverage the strengths of both companies in developing comprehensive industrial real estate services under the brand ALPHA.

             Mr. Pirapong Jarunek, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, stated that for Alpha's growth over the next 5 years, it will achieve 60% organic growth through the development of approximately 120,000 square meters per year and 40% inorganic growth through mergers and acquisitions (M&A) to increase managed space by about 80,000 square meters per year.

In the first 3 years, a total investment of 2.3 billion baht is planned before the first asset sale to the REIT of approximately 100,000 square meters.  The focus will be on growth locations across various sectors, including:

1. Industrial cluster areas such as Bangna, Laem Chabang, Rayong, and Wang Noi, which will be the primary focus for the company this year.

2. Regional cluster areas such as the Northeast, South, and North regions.

3. Central Business Districts (CBDs) in Bangkok and major cities in various provinces.

4. International market segments focusing on neighboring countries with growing industrial sectors such as Vietnam, Indonesia, and Cambodia.

 

 

            The company will begin developing its first project under the name ALPHA Bangna KM.22, located on a 24-rai site on Bangna-Trad Road KM.22. This project is a multi-temperature controlled warehouse with a building height of over 23 meters.

            and is the first temperature-controlled online warehouse project for E-Commerce in Thailand (Temperature-Controlled Fulfillment Center) supporting an Automated Storage and Retrieval System (ASRS) with an area of over 22,000 square meters, starting construction in late Q2/2021 and expected to generate revenue in Q1/2022.

 

 

"We aim that within 5 years, or by 2025, Alpha will have over 1 million square meters of factory and warehouse space under management, with a REIT value of 12 billion baht.

At the same time, we will consider listing various assets for sale to investors in the form of a Real Estate Investment Trust (REIT) by 2023."

 

        Mr. Chuaninth Bandidkrittada, CEO of JWD Info Logistics Public Company Limited (JWD), stated that the demand for logistics solutions in Thailand continues to grow, thus integrating Total Solutions that differ from the market, including infrastructure, software, automation systems, robotics, and other complex services, to offer to B2B customers across various business types, along with new customer experiences for consumers in residential projects to facilitate e-Commerce business from their residences.

Alpha will focus on operations in 3 main business groups, including:

1. Industrial real estate such as warehouses, logistics centers, industrial parks, industrial estates, and online warehouse management systems (Order Fulfillment).

2. Urbanized property such as self-storage services in condominiums and housing estates, and micro-fulfillment centers.

3. Property services including energy, wastewater treatment, and construction.

 

 

             Mr. Pathan Somboonsin, Managing Director of Alpha Industrial Solutions Co., Ltd. said that during the COVID-19 situation, the e-commerce and food businesses have grown well. The company will leverage its unique strengths in flexibility and the ability to offer complex, modern, and comprehensive logistics solutions to target six main customer segments:

1. E-commerce segment

2. Industries requiring temperature-controlled storage (Cold Storage) such as food, pharmaceuticals, and medical supplies, electronics, and computer equipment.

3. Chemicals and hazardous goods segment

4. Automotive and EV segment

5. Urbanized property segment

6. Data Center segment