Frasers joins hands with Japanese firm to build logistics park
Frasers Property (Thailand) Pcl, a leading provider of integrated real estate platform, will develop an integrated logistics park in Bangpakong, in a joint venture with Mitsui Fudosan Asia (Thailand) Co Ltd, Japan’s largest real estate developer.
Frasers will hold a 51 per cent stake in the joint venture and Mitsui Fudosan 49 per cent. A groundbreaking ceremony was held recently to mark the start of construction for Bangpakong Logistics Park.
The first phase of this project development is scheduled to be completed by the end of 2020.
Sopon Racharaksa, president of Frasers Property (Thailand) Pcl, said, “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 [EEC] area.”
With a project value of Bt3.5 billion, Bangpakong Logistics Park is strategically located in the EEC at Bangna-Trad KM46 in Chachoengsao province. The 200-rai logistics park is easily accessible by a comprehensive road network (Highway No 34 and Highway No 314) to Suvarnabhumi Airport and Laem Chabang Sea Port.
Bangpakong Logistics Park will offer up to 170,000 square metres of premium logistics and warehousing spaces for lease, including customised 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 cluster, approximately over 50,000sqm with a wide range of warehouse sizes catering to different requirements. These warehouses will be designed for maximum space efficiency for logistics operations.
