Bangkok--4 Jul--BrandComm Consultants
Hemaraj Land And Development Public Company Limited announced the Industrial Estate Sales of 1st Half of 2012 being 1,447 rai (578 acres or 231 hectares), an increase of 88% from the prior year. There were 67 contracts comprising 44 new customers and 23 project expansions from existing customers. Of these contracts more than 50% are Japanese and more than 30% are Automotive.
For the 1st Half of 2012, Ready Built Factories and Logistics Parks rental grew by 44,018 square meters or a 28% increase from the Year 2011 cumulative balance. There are another 30,631 square meters of pre-leased factories to commence over the next 1-7 months. The Ready Built Factory and Logistics Parks 2012 rental forecast still projects a 60% increase, being 95,000 square meters from the cumulative balance of 2011. Utilities demand increased 7% compared with the same period of last year.
David Nardone; President and CEO of Hemaraj And Development, stated “ Thailand remains attractive to foreign direct investment due to cost, currency and market access. This is reflected in the total investment value promoted by Board of Investment (in Baht) increasing by 62% from January to May 2012”.