FTREIT has announced its success in investing 1.715 billion baht in high-potential factories and warehouses under Frasers Property (Thailand), boosting its total leased area to over 2.13 million square meters. This positions FTREIT as the leading industrial trust with the highest leased area, with assets under management exceeding 47 billion baht. The trust is poised to generate profits from quality freehold properties located in key strategic areas of the industrial sector, while also revealing plans to invest an additional 3 billion baht in the fiscal year 2023 to support industrial demand and economic growth.

Mr. Thanaratch Boonyakosol, Managing Director of Frasers Property Industrial REIT Management (Thailand) Co., Ltd., or FIRM, as the manager of the Frasers Property Industrial Trust (FTREIT), stated that FTREIT continues to invest actively, having recently invested an additional 1.715 billion baht in high-potential assets from Frasers Property (Thailand) Public Company Limited (FPT), following approval from the unitholders' meeting, which was completed in September.

This investment involves acquiring freehold land, factory buildings, and warehouses in strategic locations in Ayutthaya, Pathum Thani, Prachinburi, and the EEC area, totaling 27 units on a land size of 114 rai, 3 ngan, and 56.4 square wah, with a total building area of 78,615 square meters. The main tenants are from high-potential industries such as automotive, logistics, and electronics, with an approximate investment ratio of 30:70 between Thai and foreign investors.

“This successful investment strengthens FTREIT further with quality assets that have a high occupancy rate in locations that are attractive to the industrial sector, enhancing the trust's revenue growth and creating a more balanced overall portfolio. This latest investment also results in FTREIT managing assets valued at over 47 billion baht, consisting of 668 units of factories and warehouses, and a total leased area of over 2.13 million square meters, reaffirming its status as the industrial trust with the largest net leased area and the highest proportion of freehold area in Thailand,” Mr. Thanaratch stated.

In the past, FTREIT has shown continuous and sustainable growth, focusing on investing in high-potential assets, resulting in total revenue of 2.726 billion baht in the first nine months of the fiscal year 2022 (October 2021 – June 2022), a growth of 7.3% compared to the same period in the fiscal year 2021.

“To expand the portfolio sustainably and create lasting returns, FTREIT aims to invest an additional 3 billion baht in industrial buildings in the fiscal year 2023 (October 2022-September 2023), focusing on high-potential assets both within and outside the Frasers Property Thailand group. The emphasis will be on location, buildings certified to international standards, and green building standards to align with the anticipated demand for standard industrial building leases next year, which is expected to improve continuously for both factories and warehouses due to government policies supporting and promoting foreign investment in the country, positioning Thailand as a regional investment hub,” Mr. Thanaratch added, noting that the current lease agreements cover a total leased area of approximately 76,675 square meters.