TICON enters into a strategic partnership with ST Telemedia Global Data Centres to develop and operate data centre business in Thailand

Real Estate Press Releases Wednesday April 4, 2018 15:23
Bangkok--4 Apr--verve

TICON, the leading developer and total solutions provider of industrial properties, is making new progress on its three-year growth roadmap with a strategy to leverage its strengths as a total solutions provider and expand into new businesses to grow its client base. Riding on the recent digital economy trends, the company has established TICON Technology and kicked off the new venture by forming a partnership with ST Telemedia Global Data Centres (STT GDC), a leading data centre service provider headquartered in Singapore, to make inroads into data centre services. The new joint venture plans to build their first data centre facility strategically located in Bangkok.

Mr. Panote Sirivadhanabhakdi, Chairman of the Executive Committee of TICON Industrial Connection Pcl. (TICON), revealed, "Thailand is in its transition to a full-fledged digital economy, as evident in rising adoption of digital technologies and systems for greater competitiveness of companies across industries as well as in robust emergence of e-commerce businesses and fintech industry in Thailand. The trend is also favored by government policies including Thailand 4.0 economic model, digital economy master plan, and high-speed Internet infrastructure projects. As a result, the market for IT services has grown by leaps and bounds, especially the data centre market that is expected to double in size over the next three years. All these translate into a great opportunity for TICON to expand into a new business, as well as to demonstrate its capability and reaffirm its status as the leading developer and total solutions provider of industrial properties. The Board of Directors of TICON has therefore resolved to set up TICON Technology and approved its 51-49 joint venture with STT GDC, one of the world's leading data centre providers for a full foray into this market."

Mr. Sopon Racharaksa, President of TICON, added, "The establishment of TICON Technology Co., Ltd. creates value-add on our existing offerings as the leading developer and total solutions provider of industrial properties. With Thailand's biggest portfolio of factory and warehouse spaces totaling over 2.7 million square meters nationwide, we understand and can accurately meet customers' demands across industries through our factory and warehouse services. In our expansion into this new business with our partner, STT GDC, we are confident of making full-fledged inroads into the Thai market for data centres."

"By expanding into the data centre business, we are entering a new business where our expertise remains highly relevant," Mr. Sopon continued. "This expansion will broaden TICON's digital and technology services to meet the demands of TICON's customers. In addition, it marries TICON's strengths with STT GDC's world class expertise in data centre development to create synergies and growth potentials. We have concrete plans to build a new data centre building that will be a large-scale facility, complete with the state-of-the-art technologies and strategically located in Bangkok, due for completion and full-service commencement by 2020."

Mr. Bruno Lopez, Group Chief Executive Officer of STT GDC, said, "Partnering with TICON, majority owned by Frasers Property and TCC group, provides us with one of the strongest local networks, deep and intimate understanding of the Thai market, wide access to land banks as well as extensive experience in property development in the commercial and industrial space in the Greater Bangkok area and across Thailand. Coupled with our experience in designing, building and operating data centres, this strategic partnership allows us to further broaden our global data centre network and bolster our position as a leading data centre provider across the region together with our other strong established bases in Asia – India, China and Singapore. We are confident that combining TICON's local experience and knowhow with STT GDC's commitment and global expertise, will be an extremely valuable proposition to our customers and partners as they grow in Thailand and across the region. We look forward to working with TICON's management team and building this iconic state-of-the-art data centre strategically located in Bangkok that will enable our customers' growth opportunities in Thailand."

About TICON Industrial Connection Plc.

TICON Industrial Connection Plc. (TICON) is Thailand's leading provider of integrated industrial properties in ASEAN. The company is listed on the Stock Exchange of Thailand with total assets of over 40.8 billion baht (as at the end of December 2017). Established in 1990, TICON provides total industrial property solutions to clients with a strong portfolio of factory and warehouse spaces totaling over 2.7 million square meters in more than 50 strategic locations nationwide. Factory and warehouse solutions offered by TICON encompass both ready-built and built-to-suit facilities. Its subsidiary, TICON Logistics Park Co., Ltd (TPARK) is the first developer and operator of logistics parks in Thailand. To expand its industrial properties development business overseas, TICON entered Indonesia in 2015 as its first investment destination outside Thailand.

In addition, TICON has established TICON Freehold & Leasehold Real Estate Investment Trust (TREIT) having its subsidiary TICON Management Co., Ltd. (TMAN) as the REIT manager. TREIT is currently the largest Industrial REIT in Thailand with total asset value of over 32 billion baht.

As a total solution provider of industrial properties with a strong commitment to environmental sustainability, TICON has been honored with numerous Thai and international awards and recognitions.
For more information, please visit www.ticon.co.th
About ST Telemedia Global Data Centres

ST Telemedia Global Data Centres (STT GDC) is a fast-growing data centre provider headquartered in Singapore. With a global platform of data centres in the world's major business markets of over 60 facilities across Singapore, China, India and the UK, STT GDC offers a full suite of best-in-class, highly scalable and flexible data centre solutions, connectivity and support services that best meet customers' current and future colocation needs.

For more details, please visit www.sttelemediagdc.com

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