Frasers Property (Thailand) Public Company Limited, or “FPT” has forecast continued growth in its industrial business, setting an FY 2025 (1 October 2024 – 30 September 2025) revenue target of THB 4,000 million. This represents year-on-year growth of 19% in spite of uncertainties in international trade that the company continues to closely monitor. The company has prepared a growth plan with strategies for Sustaining Value, Creating Value, and Unlocking Value, leveraging its strength in comprehensive products and services across Thailand, Indonesia, and Vietnam

Mr. Peerapat Srisukont, Managing Director of the industrial business of FPT, said, “We are confident that the ASEAN region remains an attractive destination for investors despite challenges from international trade tariffs facing the industrial and logistics sectors. Factors such as geopolitical neutrality, a skilled workforce for manufacturing, and resilient domestic consumption make entrepreneurs recognise the benefits of relocating investments to this region to reduce risks faced.”

Currently, FPT has over 3.77 million sqm of industrial property across Thailand, Indonesia, and Vietnam, with an extensive landbank and diverse product offerings that position the company well in providing for anticipated demand.

“With our established presence and proven track record in these markets, FPT has a competitive advantage in supporting customer demands across industry types. Whether customers are relocating their manufacturing base to Thailand or expanding their investments into Indonesia and Vietnam, we are fully prepared to support their business growth at every stage,” Mr. Peerapat added.

For this year's business plan, FPT operates under the concept ‘Strengthening Growth Through a Value-Focused Strategy in a Challenging Global Landscape’, comprising:

1. Sustaining Value: FPT demonstrates strong management capabilities with its ability to create stable growth in an ever-changing global landscape while showing readiness to handle diverse situations. The company employs flexible leasing and service strategies with adjustable short- and long-term contracts tailored to customer needs. Additionally, in line with rising demand for factories, buildings in FPT’s industrial portfolio can be adapted for use as either warehouses or factories, helping to attract diverse demand and grow portfolio occupancy. With customer-centric service and close attention from consultation to after-sales service, customer satisfaction scores reached 91% in the past year.

2. Creating Value: FPT offers service solutions that accommodate all customer needs, covering everything from land procurement to construction of international standard industrial buildings. This includes Ready-Built factories and warehouses of various sizes, Built-to-Suit, and Built-to-Function solutions, as well as joint investment in developing the ARAYA – The Eastern Gateway project in Thailand, envisioned as an innovative ‘Industrial Tech Ecosystem’ to support future industrial growth.

At the same time, FPT focuses on developing factories and warehouses that adhere to internationally recognised green building standards such as LEED, EDGE, and TREES, for both new constructions and existing facility upgrades. This is aligned with Frasers Property Group’s sustainability goal of having 100% of new development projects and 85% of owned and asset-managed properties either green-certified or pursuing green certification by 2030. The company also supports and actively contributes to improving the quality of life for the local communities around its business operations.

3. Unlocking Value: FPT unlocks the value of its portfolio through diverse asset management strategies that maximize business benefits. This includes divesting completed assets to FTREIT, an approach that fosters sustainable and long-term growth, optimizing land use through the sale of non-strategic assets, and enhancing asset value by installing solar rooftops on factories and warehouses. FPT also expands growth opportunities through joint ventures with real estate partners, strengthening its market position.

Additionally, FPT is continuously developing and investing in innovation to deliver new customer solutions and unlock the value of assets under management, while leveraging technology to enhance operational efficiency such as smart meter systems capable of analysing energy consumption and FTX, an FPT-developed app for swift and seamless communication between tenants and the company on maintenance needs. Moreover, the company has enhanced the management of its logistics parks under the ‘Smart & Sustainable Logistics Park’ concept.

“Frasers Property Thailand is a leader in industrial real estate development in ASEAN because the company offers comprehensive and integrated products and services in strategically located key industrial and logistics hubs across Thailand, Indonesia, and Vietnam. We are confident in our ability to comprehensively meet investor demands, providing a distinct competitive advantage that has helped grow our customer base. This aligns with FPT’s strategy – Secure Core, Embrace Future – which will support the company’s sustainable long-term growth, Mr. Peerapat concluded.