Alpha Industrial Solutions is responding to the Origin Multiverse plan, advancing according to a 5-year roadmap to drive growth and expand factory and warehouse space to a target of 1 million sqm. In collaboration with Tokyu Land Asia, a major Japanese real estate partner, they are jointly investing in the development of the first warehouses in Thailand, located at Bangna KM.19 and Rangsit, with a total rental area of over 136,500 sqm and a combined REIT value of 2.85 billion baht. The project highlights the strategic location near industrial estates, targeting customers in the automotive, electronics, e-commerce, health products, and construction materials sectors, with plans to list the assets in a REIT by Q4/2023.

Mr. Pathan Sombunrasin, 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 or ORI and JWD Info Logistics Public Company Limited or JWD, revealed that the Origin Multiverse plan aims for the subsidiary companies to operate independently, creating parallel growth with the parent company to prepare for listing on the Stock Exchange of Thailand in 2025. The company is accelerating its 5-year growth plan, targeting to expand its management of factory and warehouse space to over 1 million sqm, with a REIT Value of 12 billion baht by 2025.


Mr. Pathan Sombunrasin, Managing Director of Alpha Industrial Solutions Co., Ltd. or ALPHA

Recently, the company has partnered with Tokyu Land Asia Co., Ltd., a major player in Japanese real estate, to jointly develop two warehouse projects named ALPHA Bangna KM.19 and ALPHA Rangsit, estimated to have a REIT value of approximately 2.85 billion baht.

“The locations of both projects are in strategic industrial clusters with high demand for warehouses, which continues to grow. Coupled with our strength in developing high-quality, internationally-standard warehouses, we can effectively meet the needs of clients across all sectors. Additionally, the trust placed in us by a major partner like Tokyu Land Asia reflects the confidence of foreign investors in Alpha and the growth of the warehouse business in Thailand,” Mr. Pathan stated.

Moreover, Tokyu Land Asia Co., Ltd. is a property development and investment company in Southeast Asia under the Tokyu Land Corporation, which has over 68 years of experience in real estate development in Japan. The company operates under Tokyu Fudosan Holdings Corporation, a major firm listed on the Japanese stock exchange and 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 in March 2022. Previously, they have co-invested in projects with Origin Property Group, including the One Origin Sanam Pao office building and the mixed-use project One Origin Phaya Thai.

On the other hand, Mr. Hidetatsu Ikeda, Chairman of Tokyu Land Asia Co., Ltd., stated that Thailand has a geographical advantage and the potential to become a logistics hub for ASEAN. This has led the company to continuously seek strong and reliable partners in the warehouse business. Considering the strengths of the Origin Property Group, with which they have previously partnered in other businesses, and the capabilities 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.


Mr. Hidetatsu Ikeda, Chairman of Tokyu Land Asia Co., Ltd.

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

ALPHA Rangsit spans 54 rai, located on Phaholyothin Road, Rangsit, Khlong 1, with a total area of approximately 87,145 sqm and a rental area of about 56,314 sqm. Construction commenced in Q3/2022 and is anticipated to open in Q2/2023. Both projects are situated in strategic locations capable of accommodating warehouse demands across various industries, including electronics, e-commerce, automotive parts, construction and home decoration materials, retail, consumer goods, health products, and logistics services.

Furthermore, the company aims to register both projects for public offering to investors in the form of a Real Estate Investment Trust (REIT) by Q4/2023.

Alpha Industrial Solutions Co., Ltd. or ALPHA is a comprehensive industrial real estate development company under a joint venture between two major firms: Origin Property Public Company Limited and JWD Info Logistics Public Company Limited, focusing on three main business groups:
1. Industrial Property, such as warehouses, logistics centers, industrial parks, 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 services.