“FTREIT” completes acquisition of assets worth 2 Billion Baht from Sahathai Property

Wednesday 27 November 2019 15:58
Frasers Industrial Thailand REIT (FTREIT) completed its 2-billion-baht investment to acquire high-quality assets from Sahathai Property & Development Company Limited. The assets comprise 11 warehouses on the total net leaseable area of over 80,000 sqare meters on a 125-rai of land. Strategically located, the assets are situated in the EEC area, adjacent to Laem Chabang Port, the Logistics Park of FPT, as well as several other important industrial estates. Currently, the acquired assets have a 100% occupancy rate with tenants comprising mostly of operators of sugar manufacturing and logistics. The investment is a major milestone of the company's portfolio expansion, further cementing FTREIT's status as the largest industrial and logistics REIT in Thailand with total assets value of over 39 billion baht.

Posing group from left : Ms. Sauwakun Karuchit, Director of Sahathai Property & Development Company Limited, Mr. Sopon Racharaksa, President of Frasers Property (Thailand) Public Company Limited as the sponsor and the manager of FTREIT, Mr. Peerapat Srisukont, Managing Director of Frasers Property Industrial REIT Management (Thailand) Company Limited or "FIRM", as the manager of FTREIT

About Frasers Property Industrial REIT Management (Thailand) Company Limited (FIRM)

Frasers Property Industrial REIT Management (Thailand) Company Limited (FIRM) is a subsidiary of Frasers Property (Thailand) Public Company Limited, the leading integrated real estate platform with multi-asset class expertise. Founded in May 2013, FIRM is a non-financial company approved by SEC to operate as the manager of Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT). FIRM formulates investment strategy for FTREIT and manages its interests in the assets. FTREIT's investment is not limited to Frasers Property's assets: high-potential assets from non-Frasers Property developers are also taken into consideration. Moreover, FIRM keeps looking out for opportunities in other investment models to boost its revenues even further, such as in sale & leaseback and asset enhancement initiatives, etc. under the management of its multitalented team.

For more information, please visit ftreit.co.th or Frasersproperty.co.th

About Frasers Property Thailand Industrial Freehold & Leasehold REIT

Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT) is a real estate investment trust (REIT) listed on the Stock Exchange of Thailand (SET) and currently the largest industrial and logistics REIT in the country with assets worth over THB 39 billion. FTREIT's investment portfolio is presently comprised of 578 units of factories and warehouses, representing an area of over 1.8 million square meters, all of them high-quality properties strategically located in key industrial areas of Thailand, such as Ayutthaya, Pathum Thani, Samut Prakan and the Eastern Economic Corridor (EEC). Acquired complete with tenancies of world-class companies from various industries, including next-generation automobiles, logistics and electronics, these income-producing assets have a high occupancy rate more than 80%. Moreover, FTREIT was assigned with an 'A/Stable' rating, which is the highest credit rating among all REITs in Thailand.

For more information, please visit ftreit.co.th

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

About Sahathai Property & Development Company Limited

Sahathai Property & Development opened in 2014, an important step for expanding business by entering the warehousing industry in strategic locations, such as in Laem Chabang Port area, Chonburi and Theparak area, Samutprakan. Sahathai Property & Development develops and manages premium warehouses for rent in strategic location in Thailand.

For more information: http://www.sahathaiproperty.com/en/