Frasers Property Industrial (Thailand) and strategic partner Mitsui Fudosan Asia (Thailand) celebrate the start of the first warehouse construction at Bang Na 2 Logistics Park in the Eastern Economic Corridor
Frasers Property Industrial (Thailand) Company Limited ("FPIT"), Thailand's leading industrial property developer, and Mitsui Fudosan Group, a leading real estate developer in Japan, recently organized a piling ceremony to mark the start of the first warehouse construction in Bang Na 2 Logistics Park, a joint-venture project. The warehouse is designed to offer flexibility to meet varying consumer needs after the COVID-19 situation, offering 'General Zone' for general warehouse operations and 'Free Zone' for duty-free warehouse operations. The first building is expected to be completed in end 2021.
Developed to be a 'Smart & Sustainable Logistics Park', the Bang Na 2 Logistics Park is strategically located in Thailand's Eastern Economic Corridor on Bangna-Trad Road KM46 of Bang Pakong district, Chachoengsao province, covering a vast area of 187 rai. This logistics park will provide 160,000 sqm total leasable space upon completion, and is designed to respond to varying customer needs across segments. The park will be equipped with cutting-edge infrastructure and facilities that are aligned with international environmental and sustainability standards. Under a 'Smart & Sustainable Building' concept, the park will offer 'Ready-Built Warehouse' and 'Built-to-Suit' options that integrate various innovations to support tenants' operations and enhance their customer experience.
The first warehouse construction, which spans a 23-rai land plot, provides net leasable area of 21,954 sqm. The building can be divided into four units giving flexibility to meet medium to large warehouse operations. It is designed for cross docking operations with dock levelers to facilitate faster and more convenient goods handling. The floor loading capacity is at 5 tons/sqm with minimum operational clear height at 12 meters to optimize heavy-load commodity management. All areas in the warehouse are installed with energy-saving LED light system and water-saving sanitary wares.
Interested parties can email FPT.sales@frasersproperty.com for more information.
About Frasers Property Industrial (Thailand) Company Limited
Frasers Property Industrial (Thailand) Company Limited ("FPIT") is a leading provider of modern industrial property development in Thailand, a subsidiary of Frasers Property (Thailand) Public Company limited ("FPT"). The Company provides integrated development of industrial properties with a strong portfolio of factory and warehouse of over 3 million square meters under management in 50 strategic locations within major industrial estates, industrial parks, industrial promotion zones, logistic parks, and free-trade zones across Thailand. FPIT provides Ready-Built industrial properties in various sizes and specification and Built-to-Suit development to meet all customers' needs. The Company also offers best-in-class industrial properties which are designed and developed with green building standards and certifications to serve sustainable developments.
About Frasers Property (Thailand) Public Company Limited
Frasers Property (Thailand) Public Company Limited ("FPT"), a subsidiary of Frasers Property Group is a leading integrated real estate platform with multi-asset class expertise. FPT through its subsidiary, Golden Land Property Development Public Company Limited ("GOLD") has businesses in Industrial, Residential, Commercial and Hospitality property 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, FTREIT and GVREIT are listed on the Stock Exchange of Thailand.
For more information on FPT, please visit: frasersproperty.co.th