"Alpha Industrial Solutions" responds to the Origin Multiverse planby moving forward with a 5-year roadmap to drive growth, expanding factory and warehouse space to reach the target of 1 million sq.m. in collaboration with "Tokiwa Land Asia," a major Japanese real estate partner, to jointly develop the first warehouse project in Thailand, located in Bangna KM.19 and Rangsit, with a total rental area of over 136,500 sq.m. and a total REIT value of 2.85 billion baht. The project emphasizes its strategic location near industrial estates, targeting clients in the automotive, electronics, e-commerce, health products, and construction materials sectors, with plans to introduce the assets into the REIT in Q4/2023.

Mr. Pathan Somboonsin, Managing Director of Alpha Industrial Solutions Co., Ltd., or ALPHA , a developer of industrial real estate with comprehensive services, under a joint venture between Origin Property Public Company Limited (ORI) and JWD Info Logistics Public Company Limited (JWD), revealed that the Origin Multiverse plan aims for the affiliated companies to operate independently, creating parallel growth with the parent company to prepare for listing on the Stock Exchange of Thailand in 2025. Therefore, the company is accelerating its 5-year growth plan, targeting to expand management of factory and warehouse space to over 1 million sq.m. with a REIT value of 12 billion baht by 2025.

Recently, the company has partnered with Tokiwa Land Asia Co., Ltd., a major Japanese real estate partner, to jointly develop two warehouse projects under the names Alpha Bangna KM.19 and Alpha Rangsit, with an estimated REIT value of approximately 2.85 billion baht.

"The locations of both projects are considered strategic industrial cluster areas with high demand for warehouses and continuous growth. Coupled with our strengths in developing high-quality warehouses that meet international standards, we can effectively meet the needs of clients across all sectors. At the same time, the trust from a major partner like Tokiwa Land Asia reflects foreign investors' confidence in Alpha and the growth of the warehouse business in Thailand," said Mr. Pathan.

 

Tokiwa Land Asia Co., Ltd. is a property development and investment company in Southeast Asia under Tokiwa Land Corporation, one of Japan's long-established real estate developers with 68 years of experience, operating under Tokiwa Fudosan Holding Corporation, a major company listed on the Japanese stock market, included in the Nikkei 225 index, with assets valued at approximately 2.634 trillion yen or about 699.812 billion baht as of the end of the fiscal year ending March 2022. Previously, it has partnered with Origin Property Group in developing the One Origin office building in Sanam Pao and the mixed-use project One Origin Phaya Thai.

Regarding this, Mr. Hidetatsu Ikeda, Chairman of Tokiwa Land Asia Co., Ltd. stated that Thailand has a geographical advantage and the potential to become a logistics hub of ASEAN, leading the company to continuously seek strong and reliable partners in the warehouse business. Considering the strengths of the Origin Property Group, with which the company has previously partnered in other businesses, and the strengths of JWD Info Logistics in logistics solutions, the company is confident in its first joint venture in factory and warehouse business in Thailand with Alpha, moving forward with two projects in industrial cluster locations.

For the project Alpha Bangna KM.19 is located on an 80-rai area on Suvarnabhumi Canal Road, featuring a large warehouse project with a total area of 125,920 sq.m. and a rental area of 80,192 sq.m. Construction began in Q3/2022 and is expected to open in Q2/2023.

Meanwhile, the Alpha Rangsit project is situated on a 54-rai area on Phaholyothin Road, Rangsit, Canal 1, with a total area of approximately 87,145 sq.m. and a rental area of about 56,314 sq.m. Construction has already commenced in Q3/2022 and is expected to open in Q2/2023. Both projects are located in strategic areas that can accommodate warehouse demands across various industries, such as electronics, e-commerce, automotive parts, construction and home decoration materials, retail consumer goods, health products, and logistics services.

 

The company aims to register both projects for sale to investors in the form of Real Estate Investment Trusts (REIT) within Q4/2023.