Bangkok--26 Nov--Verve
Frasers Property BFTZ Company Limited, a subsidiary of Frasers Property (Thailand) Public Company Limited or "FPT" commences development of a new Build-to-Suit warehouse for Lyreco (Thailand) Company Limited, a global distributor of workplace solutions for businesses operating in 27 countries. The development, which is to support Lyreco's business expansion in e-commerce will be the biggest distribution centre for Lyreco in Thailand with net leasable area of more than 21,000 sq m. Located in a prime logistics node of FPT's Bangplee Cluster on Bangna-Trad Road km.19, the distribution center enables Lyreco to develop cost-effective supply chain for their operations.Flexible building design with expandable space features specifically built for Lyreco ensures that the facility caters for their operational requirements over the next 5-10 years.
The building has a load bearing capacity of 3.5 tonnes and a storage capacity to cater for more than 6,800 product SKUs. The award is a testimonial of Lyreco's trust in FPT and FPT remain committed to deliver quality development and customer centric solutions to the customer. The construction is expected to be handover in Q2 2020.
About Frasers Property (Thailand) Public Company Limited
- Frasers Property (Thailand) Public Company Limited ("FPT") is a subsidiary of Frasers Property Group. FPT aims to be a leading integrated real estate platform with multi-asset class expertise. Today, FPT is one of Thailand's largest industrial & logistics property companies that is well-positioned for growth, with the strategic acquisition of Golden Land Property Development Public Company Limited ("GOLD") in 2019 further strengthening FPT as a leading residential, commercial and hospitality property company in Thailand. FPT is also the sponsor and manager of Thailand's largest industrial REIT, Frasers Property Thailand Industrial Freehold & Leasehold REIT ("FTREIT"), which is focused on industrial and logistics properties in Thailand; while GOLD is a sponsor and property manager of Golden Ventures Leasehold Real Estate Investment Trust ("GVREIT"), a REIT focused on commercial properties. FPT, GOLD, FTREIT and GVREIT are listed on the Stock Exchange of Thailand.
For more information on FPT, please visit: Frasersproperty.co.th
About Frasers Property Limited
Frasers Property Limited ("Frasers Property" and together with its subsidiaries, the "Group"), is a multi-national company that develops, owns and manages a diverse, integrated portfolio of properties. Listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") and headquartered in Singapore, the Group has total assets of approximately S$37.6 billion as at 30 September 2019.
Frasers Property's assets range from residential, retail, commercial & business parks, to industrial & logistics in Southeast Asia, Australia, Europe and China. Its well-established hospitality business owns and/or operates serviced apartments and hotels in over 70 cities across Asia, Australia, Europe, the Middle East and Africa. The Group is unified by its commitment to deliver enriching and memorable experiences to customers and stakeholders, leveraging its knowledge and capabilities from across markets and property sectors, to deliver value in its multiple asset classes.
Frasers Property is also the sponsor of three real estate investment trusts and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust, Frasers Commercial Trust, and Frasers Logistics & Industrial Trust are focused on retail, commercial & business parks, and industrial & logistics properties respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two real estate investment trusts listed on the Stock Exchange of Thailand. Frasers Property Thailand is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on logistics and industrial properties in Thailand and Golden Land Property Development Public Company Limited is the sponsor of Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties.
For more information on Frasers Property, please visit frasersproperty.com
For more information on Lyreco (Thailand) Company Limited, please visit www.lyreco.com/webshop/THTH/index.html