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 secures its position as the leading industrial trust with the highest leased area, with managed assets exceeding 47 billion baht. The trust is poised to profit from quality Freehold properties located in key strategic industrial areas, and it has revealed plans to invest an additional 3 billion baht in fiscal year 2023 to meet the demands of the industrial sector and support 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. Recently, it has made an additional investment of 1.715 billion baht in high-potential properties from Frasers Property (Thailand) Public Company Limited (FPT), following approval from the unitholders' meeting, which was completed in September.

This investment involves acquiring land, factory buildings, and warehouses in strategic locations in Ayutthaya, Pathum Thani, Prachinburi, and the EEC area, totaling 27 units on a land area of 114 rai, 3 ngan, and 56.4 square wah, with a total building area of 78,615 square meters. The main tenants are operators in 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 high-quality assets that have a high occupancy rate in locations that are attractive to the industrial sector, enhancing the portfolio's income and achieving a more balanced overall portfolio. This latest investment also results in FTREIT managing assets worth over 47 billion baht, comprising 668 units of factories and warehouses, with a total leased area exceeding 2.13 million square meters, reinforcing its status as the largest industrial trust in terms of net leased area and the highest proportion of Freehold space in Thailand,” Mr. Thanaratch stated.

In the past, FTREIT has shown continuous and sustainable growth due to its focus on investing in high-potential assets, resulting in total revenue of 2,726.2 million baht for the first nine months of fiscal year 2022 (October 2021 – June 2022), reflecting a 7.3% increase compared to the same period in fiscal year 2021.

“To expand the portfolio sustainably while generating consistent returns, FTREIT aims to invest over 3 billion baht in additional industrial buildings in fiscal year 2023 (October 2022-September 2023). The focus will be on high-potential properties both within and outside the Frasers Property Thailand group, emphasizing 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.