• Currently, ESR has 2 new projects located in the Rojana Industrial Park (Laem Chabang) and the Asia Industrial Park (Suvarnabhumi) with an investment value of 8 billion baht (235 million USD). They are expected to be completed in 2025 and 2026 respectively.
  • In the next 5 years, ESR aims to invest an additional 1 billion USD in Thailand, funded by the company's development fund, in line with the projected GDP growth rate of 3.28% from 2022 to 2027.[1]
  • ESR's business expansion in Thailand will create more jobs, as the company is ready to share its international knowledge and expertise to enhance local labor and infrastructure, supporting future economic development in Thailand.

ESR Group Limited (“ESR” or “the Company”), the largest manager of industrial real estate in the Asia-Pacific region, driven by new economic growth, has announced its business expansion in Thailand with the opening of its first office in the country.

Currently, ESR has 2 projects under development in Thailand with an investment value of 8 billion baht (235 million USD). The first project is strategically located within the Rojana Industrial Park (Laem Chabang), just a 15-minute drive from Laem Chabang Deep Sea Port in Chonburi, within the Eastern Economic Corridor (EEC)[2] [which is a special economic zone promoted by the government to encourage investment, enhance innovation, and develop advanced technology in Thailand], covering an area of approximately 100 rai (160,000 square meters) with a total Gross Floor Area (GFA) of 93,000 square meters, expected to be completed by the end of 2025.

Jeffrey Shen and Stuart Gibson, ESR Group Co-founders and Co-CEOs

The second project is located in the Asia Industrial Park (Suvarnabhumi), covering approximately 225 rai (363,500 square meters) with a total GFA of 253,500 square meters, scheduled for completion in 2026. This project is strategically positioned near Suvarnabhumi Airport and major roads that provide convenient access to central Bangkok and other key economic areas in Thailand, as well as Laem Chabang Port, making it suitable for logistics businesses to serve as a hub for distributing goods nationwide, e-commerce providers, and temperature-controlled freight businesses.

Jeffrey Shen, Co-founder and Co-CEO of ESR

Stuart Gibson, Co-founder and Co-CEO of ESR

Jeffrey Shen and Stuart Gibson, Co-founders and Co-CEOs of ESR, stated, "One of the principles driving our company's growth is investing in the New Economy, which includes logistics, data centers, life sciences, and technology industries, particularly in Southeast Asia, one of the fastest-growing regions in the world. This expansion in Thailand represents a strategic strengthening of our business, as the country is rapidly developing with an increasing population and purchasing power, which supports the continuous growth of e-commerce in Thailand, leading to a higher demand for quality logistics space. In addition to business growth, ESR sees opportunities to create more jobs and positions in the country and aims to share knowledge and expertise to enhance local labor skills and develop infrastructure that supports Thailand's future economic development. The company also emphasizes its commitment to Environmental, Social, and Governance (ESG) operations alongside innovative real estate development aligned with sustainability concepts, which will help propel Thailand towards a low-carbon economy."

Jay Mirpuri, Head of Singapore Development & Thailand, ESR Group, stated, "With Thailand having the second-fastest growing economy in Southeast Asia and the Thailand 4.0 strategy aimed at creating a value-added economy, such as new e-commerce, logistics, automotive, and digital industries, Thailand is a key component of ESR's growth strategy in the region.

In the next 5 years, ESR aims to invest an additional 1 billion USD, funded by the company's development fund, in line with the projected GDP growth rate of 3.28% from 2022 to 2027. The company believes that its strategic locations and superior industrial building solutions that meet sustainability criteria, combined with an experienced team, will attract multinational corporations (MNCs) in the new economy and high-growth sectors as future clients.

ESR operates under an ESG framework that the company prioritizes, ensuring that its industrial real estate in Thailand aligns with the group’s policies, focusing on comprehensive and sustainable usage, such as emphasizing renewable energy production, user-centered design, electric transport, efficient water management, and reducing carbon dioxide emissions during project development. These features will be planned from the outset through to completion, considering efficiency and tenant usability as priorities.

In addition to the two projects currently under development, the company will seek further investment opportunities in other strategic locations with potential for logistics growth, such as Bangna-Trad, the Eastern Economic Corridor (EEC), and Wang Noi, before expanding to other provinces such as Chiang Mai, Surat Thani, and Khon Kaen.