Frasers Property Thailand's Industrial Real Estate Group sees continuous growth in the factory and warehouse rental market, despite facing uncertainties from international trade taxes that require close monitoring. The company is preparing plans to ensure stable business growth through Sustaining Value – Creating Value – Unlocking Value, highlighting its strengths with a comprehensive range of products and services in Thailand, Indonesia, and Vietnam, aiming for revenue growth exceeding 4 billion baht.

Mr. Pirapat Srisukon, Managing Director of Frasers Property (Thailand) Public Company Limited (FPT), stated that although the company faces challenges from international trade taxes directly impacting the industrial and logistics sectors, they believe that the ASEAN region remains an attractive destination for investors due to its geopolitical neutrality and workforce readiness supporting domestic production and consumption. This allows operators to see the benefits of relocating investments to this region to mitigate risks from trade wars. In light of this situation, the company focuses on flexible and cautious management, targeting to generate over 4 billion baht in revenue for the fiscal year 2025 (October 2024 - September 2025), representing a 19% growth compared to the previous year.

“Currently, the company manages over 3.77 million square meters of factory and warehouse space in Thailand, Indonesia, and Vietnam, with a land bank ready for diverse product development to meet all customer demands. This is a significant advantage compared to other players in the market, whether customers are relocating production to Thailand or looking to expand investments into Indonesia or Vietnam. The company is ready to support business growth at every step,” added Mr. Pirapat.

For this year’s business drive, the company operates under the concept of “Strengthening Growth Through a Value-Focused Strategy in a Challenging Global Landscape”, which includes:

1. Efficient Portfolio Management to Sustain Strength (Sustaining Value) - The company has robust management that can achieve stable growth amidst a constantly changing global landscape, demonstrating readiness to handle various situations. The company employs flexible leasing and service strategies, offering both short-term and long-term lease agreements tailored to customer needs, along with adaptable building usage for both warehouse and factory purposes to attract demand and increase rental rates, aligning with the market situation where demand for factories has significantly increased. With a customer-centric service approach and close care from consultation to after-sales service, customer satisfaction scores reached 91% last year.

2. Continuous Value Creation for the Portfolio with Buildings Developed Under Frasers Property Standards (Creating Value) - The company provides service solutions that meet all customer needs, covering land procurement to building construction.



International standard industries, including ready-built factories and warehouses of various sizes, built to customer specifications (Built-to-Suit) and function-ready buildings (Built-to-Function), as well as joint ventures in developing projects like ARAYA – The Eastern Gateway, which is developed as a comprehensive industrial and innovation ecosystem to support the growth of future industries.

At the same time, the company focuses on developing factories and warehouses according to green building standards, both for new constructions and upgrading existing buildings to meet LEED, EDGE, TREES standards, aligning with Frasers Property Group's sustainability goals that require 100% of new buildings to achieve green building certification and 85% of the assets owned and managed by the company to be certified or in the process of obtaining green building certification by 2030, including projects to improve the quality of life and care for surrounding communities.

3. Unlocking Portfolio Potential Through Strategic Asset Management (Unlocking Value) - The company is committed to unlocking portfolio value through various asset management strategies to maximize business benefits, including selling developed assets to the FTREIT trust, which is a way to create continuous growth together. Additionally, the company efficiently manages land by selling non-strategic areas while enhancing the value of usable spaces, such as installing rooftop solar panels on factories and warehouses. Simultaneously, the company continues to expand business growth opportunities through partnerships with real estate groups in the form of joint ventures.

Furthermore, the company does not cease to develop and invest in innovation continuously to provide new solutions for customers and unlock the value of managed assets by using technology to enhance operational efficiency and service delivery, such as installing smart meters that can analyze energy usage patterns or the FTX application that facilitates maintenance communication between tenants and the company quickly and seamlessly, while also upgrading the management of the company's logistics parks under the concept of Smart & Sustainable Logistics Park.

“Frasers Property Thailand is a leader in industrial real estate development in ASEAN because we offer a comprehensive range of products and services strategically located in Thailand, Indonesia, and Vietnam. We are confident that we can meet all investor demands comprehensively, which is a strength that attracts new customers and retains existing ones according to the company’s strategy - Secure Core, Embrace Future, which will support the long-term growth of Frasers Property Thailand,” concluded Mr. Pirapat.