Frasers Property Thailand closes another deal with Watsons Thailand for their third distribution center in Ayutthaya, touching 30,000 sqm of distribution spaces in all regions to resonate with the expansion of businesses and e-commerce
Frasers Property Industrial (Thailand) Company Limited (“FPIT”), Thailand’s leading industrial property developer and a business unit of Frasers Property (Thailand) Public Company Limited (“FPT”), fortified its position as Southeast Asia’s leader in modern industrial real estate with its recently closed deal for a built-to-suit distribution warehouse in Wang Noi, Ayutthaya, for Watsons Thailand. This is the third distribution center that FPIT will be developing for Watsons Thailand. In total now, FPIT is providing over 30,000 square meters of net leasable area supporting Watsons Thailand’s expansion of retail and e-commerce businesses in Thailand. Moreover, FPIT emphasizes that Ayutthaya has become a strategic location for distribution to northern and north-eastern parts of Thailand, revealing there are still over 300 rai of land banks available in Ayutthaya area, which can be readily developed to cater to all sectors’ needs, strengthening confidence to take stable steps with FPIT’s two key approaches: “We Are Ready” and “We Are Different”.
Mr. Sopon Racharaksa, CEO of Frasers Property Industrial (Thailand) Company Limited, said: “The company has signed the lease agreements to develop a new built-to-suit distribution warehouse for Watsons Thailand Company Limited on a land that occupies over 20 rai in the Frasers Property Logistics Park (Wang Noi 2), Ayutthaya Province – the industrial economic center of central Thailand.”
“This is the third time that FPIT is trusted by Watsons Thailand after being entrusted to construct the previous two distribution centers, one in Bang Phli District, Samut Prakan Province, and the other in the Frasers Property Logistics Park—Khon Kaen, which was Watsons Thailand’s first regional distribution center in the Northeast. We are truly delighted and honored to be responsible for the development of the distribution center for Watsons Thailand again, and expect to deliver this high-quality, modern warehouse in the second quarter of 2023.”