The industrial real estate market continues to grow due to increased foreign investment and domestic consumption, with high rental rates both in Thailand and abroad, averaging 85%. By 2023, the company aims to close deals for over 150,000 square meters, with a target to increase managed space to 4 million square meters, representing a total asset value of 100 billion baht within three years.


Mr. Sopon Rajraksa, Chief Executive Officer of Frasers Property Industrial (Thailand) Co., Ltd.

Introducing Our Strategy: Ready-Set-FPIT

  • Enhancing capabilities to maintain leadership in the industrial and logistics building sector with ready-built factories and warehouses.
  • Differentiating through customer-specific building designs or Built-to-Suit specialized facilities tailored to individual client needs.
  • Developing a new type of industrial building Built-to-Function that will be ready for service soon.
  • New Industrial Township involves developing industrial areas that combine short-term and long-term leasing with sales, starting with the large #TRA project on 4,600 rai, which includes:
    1. Factory space for sale or lease
    2. Logistics warehouse space for lease
    3. Business park space for lease
    4. Retail space, including hotels and service apartments
    5. Residential space for sale

FPIT reaffirms its position as the number one provider of modern factories and warehouses in ASEAN, managing 3.5 million square meters with an average rental rate of 85%. The company aims to invest over 10 billion baht to expand to 4 million square meters by 2026.

Internationally, the company is seeing growth in both industrial parks and warehouses in Binh Duong, Vietnam, and logistics centers in Karawang, Makassar, and Banjarmasin, Indonesia, with increasing customer numbers and rental rates.

FPIT's growth plan includes diversifying its products and services over the next 3-5 years to meet the needs of clients of all sizes and industries, including:
1) Developing small-scale urban logistics, a new business model that allows industries to utilize urban spaces and enhance transport speed.
2) Continuously developing factory-warehouse and logistics parks in strategic locations.
3) Expanding industrial areas and industrial towns that integrate factories, warehouses, commercial spaces, and residential areas into one location to enhance value and sustainability in the industrial sector.

FPIT aims to become a net-zero carbon organization by 2050, continuously developing buildings to international standards such as LEED and EDGE. Currently, it has over 500,000 square meters of buildings certified at Gold, Silver, and Certified LEED levels, moving towards a Net Zero Community.