FREIGHT Announcing the success of the investment of 1,715 million baht in high-potential factory-warehouses at Frasers Group Property (Thailand) boosts the total leasable area in the portfolio to more than 2.13 million square meters, occupying the industrial REIT leading with the highest leasable area. With an asset value under management in excess of 47 billion baht, it is likely to benefit from quality freehold assets in strategic locations in the industry. Ready to reveal investment plans In fiscal year 66, it will add more than 3 billion to support industrial demand and economic growth.
Thanarat Booyakosol, Managing Director of Frasers Property Industrial REIT Management (Thailand) Co., Ltd. or COMPANY As Manager of Frasers Property Real Estate Investment Trust and Industrial Lease (Frasers Property)FREIGHT) He revealed that FTREIT Trust continues to invest continuously, most recently, it has invested an additional 1,715.12 million baht in high-potential properties from Frasers Property (Thailand) Public Company Limited (FPT) group as approved on for the transaction by the unit holders. ‘ meeting completed last September.
such an investment It is an investment in the ownership of land, factory buildings and warehouses. In potential locations of Ayutthaya, Pathum Thani, Prachinburi and the EEC area, a total of 27 units on a land size of 114 rai 3 ngan 56.4 square wa, representing a total construction area of 78,615 square meters The main tenants are entrepreneurs in the potential industry such as automotive, logistics and electronics industries which is divided into the proportion of Thai-foreign investors around 30:70
“The success of this investment strengthens FTREIT even more. With quality assets with a high utilization rate in a location of interest to the industry Adding to the portfolio As a result, the REIT increases in revenue and makes the overall portfolio more balanced. This latest investment also leads to FTREIT assets.
under management Total value of more than 47 billion baht including factories and warehouses 668 units with a total rental area of more than 2.13 million square meters, reinforcing its status.Industrial REIT with the largest net leasable area and has an area share Freehold highest in Thailandsaid Mr Thanarat
In the past, FTREIT’s performance has grown consistently and sustainably. Because it focuses on investing in potential properties. As a result, FTREIT’s operating results for the first 9 months of fiscal year 2022 (October 2021 – June 2022) had a total revenue of 2,726.2 million baht, an increase of 7.3% from the same period in fiscal year 2021.
“Expanding the portfolio to grow consistently while generating sustainable returns. In the 2023 financial year (October 2022-September 2023), FTREIT has an investment target of more than 3,000 million baht in industrial buildings, focusing on investments in high potential assets within Frasers Property Group and outside Frasers Property Group Thailand , with emphasis on location. The building is certified to international standards and green building standards. In order to meet the demand for rental space in standard industrial buildings in the next year which has a tendency to continuously improve factory buildings and warehouses This is a result of government policies which support and encourage foreign investors to invest in the country pushing Thailand to be an investment center in the region,” added Mr Thanarat according to the land leasing agreement. and the current building has a total rental area of approximately 76,675 square metres.
