Frasers Property Thailand and Mitsui Fudosan commence the development of large-scale integrated logistics park in the EEC

Bangkok, Thailand – 19 February 2020

Frasers Property (Thailand) Public Company Limited (“FPT”), a leading provider of integrated real estate platform, has entered into a joint venture with Mitsui Fudosan Asia (Thailand) Co., Ltd. (“MF”), Japan’s largest real estate developer, to develop an integrated logistics park in Bangpakong, Thailand. FPT and MF will hold 51% and 49% stakes in the joint venture respectively. A groundbreaking ceremony was held recently to mark the start of construction for Bangpakong Logistics Park.

Mr. Sopon Racharaksa, President of Frasers Property (Thailand) Public Company Limited, revealed, “Together with our partner, Mitsui Fudosan, we will introduce the next generation of large-scale industrial and logistics park that combines best-in-class facilities with full amenities in a green environment. The project is well placed to cater to rising demand from the logistics and supply chain industry in Thailand’s Eastern Economic Corridor area.”

With a project value of THB 3.5 Billion, Bangpakong Logistics Park is strategically located in Eastern Economic Corridor (EEC) at Bangna-Trad KM 46 in Chachoengsao, Thailand. The 200-rai Logistics Park is easily accessible by a comprehensive road network (Highway No. 34 and Highway No. 314) to Suvarnabhumi Airport and Laemchabang Sea Port.

Bangpakong Logistics Park offers up to 170,000 sqm of premium logistics & warehousing spaces for lease including customize flexible solutions. Close to the city and surrounded within established industrial estates and automotive hubs, Bangpakong Logistics Park will also house a Free Trade Zone (FTZ) cluster, approximately over 50,000 sqm with a wide range of warehouse sizes catering to different requirements. These warehouses are meticulously designed to ensure maximum space efficiency for logistics operation.

The proposed first development is scheduled to be completed by end 2020.