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News

18
Oct
2018
"TICON" Teams Up With Rojana and Asia Industrial Estate Acquired a 4,300-Rai Land Site Strategically Located at Prime Bangna-Trad Road

Ready to develop a Large-Scale Integrated Industrial-led Real Estate Project

Bangkok - "TICON", the leading provider of Smart Industrial Platform, has expanded its business through "TRA Land Development Co., Ltd." ("TRA"), the joint venture company with Rojana Industrial Park Public Company Limited ("Rojana") and Asia Industrial Estate Co., Ltd. ("AIE"), to acquire a 4,300-rai land site located at prime Bang Na-Trad Road KM.32 with aggressive business plan to develop the site into ASEAN’s large-scale integrated industrial-led real estate project.

Mr. Sopon Racharaksa, President of TICON Industrial Connection Plc. (TICON), reveals that TICON continues to expand the business by leveraging on the strength of its partnership and its expertise as a leading industrial property developer. The strategic expansion was approved by the Board of Director earlier for "TRA" a joint venture company 50 percent owned by TICON, and 25 percent each owned by Rojana and AIE to participate and successfully win the auction bidding for a prime 4,300-rai land site located at Bang Na-Trad Road KM.32 with the total bidding amount of close to THB 8.9 billion. The acquired site will strengthen TICON’s landbank position to offer a strategic development to its customers, in line with growing market trends and the company’s TOTAL DIMENSION strategy.

"The Eastern area of Bangkok represents a strategic location that continues to expand and serve as an industrial hub of the country. The area has a distinctive logistics system that serves as a prime distribution center of Thailand, with close proximity to Suvarnabhumi International Airport and Bangkok Port (Khlong Toei Seaport) and an access to Bangna-Trad super highway which connects motorway and eastern outer ring national highway to the Eastern Economic Corridor (EEC). The strategic location is ideal for a large-scale integrated industrial-led real estate project which may include an element of mixed-use development and residential property" Mr. Sopon concludes.