FPIT and FIRM have announced a major organizational restructuring, appointing an Assistant CEO and a Managing Director, while aiming for strong growth in the industrial real estate portfolio and the FTREIT trust.

Frasers Property Industrial (Thailand) Co., Ltd., a leader in modern industrial real estate development in Thailand, and Frasers Property Industrial REIT Management (Thailand) Co., Ltd. (“FIRM”), a subsidiary and manager of the Frasers Property Industrial Real Estate Investment Trust or FTREIT, have announced the appointment of a new management team to strengthen the industrial real estate business and the FTREIT trust. This aligns with the One Platform strategy of Frasers Property Thailand, which focuses on developing high-potential businesses through synergy while continuing to foster sustainable growth for the organization.

Recently, the Board of Directors of Frasers Property Industrial (Thailand) Co., Ltd. resolved to appoint Mr. Peerapat Srisukont, former Managing Director of Frasers Property Industrial REIT Management (Thailand) Co., Ltd. or “FIRM”, as the Assistant CEO of Frasers Property Industrial (Thailand) Co., Ltd. or “FPIT”. He will be responsible for managing all assets of FPIT, leveraging his extensive knowledge and experience in the industrial real estate sector gained over 17 years in senior management roles. His expertise in project development, REIT management, and asset management is expected to drive the business forward. The board of FIRM has appointed Mr. Thanarat Boonyakosol, a member of the Frasers Property Thailand management team, as the new Managing Director, effective November 1st.


Mr. Peerapat Srisukont, Assistant CEO of Frasers Property Industrial (Thailand) Co., Ltd.

Mr. Peerapat Srisukont, Assistant CEO of Frasers Property Industrial (Thailand) Co., Ltd. or “FPIT” stated, “To ensure stable and sustainable growth according to the strategic plan, FPIT and FIRM will continue to work closely together as before. In my new role at FPIT, I will utilize my expertise and experience in the industrial real estate sector to support, develop, and expand the business in line with the strategic plan of the FPIT group, maintaining our position as the number one in modern factory and warehouse businesses, and contributing to the goal of expanding the managed portfolio to 4 million square meters by 2025.”

On the other hand, Mr. Thanarat Boonyakosol previously served as Managing Director of Frasers Property Commercial Asset Management (Thailand) Co., Ltd. since March 2018, consistently delivering results in managing the Golden Venture Real Estate Investment Trust (GVREIT). He has demonstrated to the board that he possesses the vision and management skills suitable for a rapidly changing business environment, showcasing his capabilities in REIT management, asset management, and real estate fund management through over 20 years of experience with the Frasers Property group and leading securities firms.


Mr. Thanarat Boonyakosol, Managing Director of Frasers Property Industrial REIT Management (Thailand) Co., Ltd.

Mr. Thanarat Boonyakosol, Managing Director of Frasers Property Industrial REIT Management (Thailand) Co., Ltd. or “FIRM”, as the manager of the Frasers Property Industrial Real Estate Investment Trust or “FTREIT”, stated, “This restructuring will continuously strengthen the company in driving the organization towards professionalism in asset and REIT management. FIRM is ready to move forward with growth for the FTREIT trust and is prepared to invest according to the planned strategies to create sustainable returns for all trust unit holders.”

This management restructuring represents an opportunity for the group to immediately invite experienced senior executives to join the business within the group. It is a benefit from the synergy of all business units under the One Platform strategy, which will promote the various businesses under the Frasers Property Thailand brand to rapidly expand their operational capabilities, becoming stronger, more stable, and flexible, ready to thrive in the post-COVID era.