- Frasers Property (Thailand) Public Company Limited or "FPT" (formerly known as "TICON") announces the achievement of its subsidiary company, Frasers Property BFTZ Company Limited to secure a Built-to-Suit development of 19-years lease term with HAVI Logistics (Thailand) Company Limited or "HAVI", a global supply chain management.
- The high quality Built-to-Suit facility will be developed in FPT Bangplee Cluster which is a strategic location for logistics and distribution of the country with the total project value of 1,100 million baht.
- FPT continues to focus in delivering the cold-chain warehouse solution to meet customers' demand in the F&B industry helping to support operational processes and increase cost-effective for F&B supply chain.
- This project will integrate advanced technology as a vital part of its expertise in developing high-quality buildings of international standards and offer comprehensive services and modern solutions to suit our customer demands, resulting from the company's 'Customer Centric Solution' implementation.
BANGKOK, 2 MAY 2019
Frasers Property BFTZ Company Limited, a subsidiary of Frasers Property (Thailand) Public Company Limited or "FPT" (formerly known as TICON), the Leading Provider of Integrated Real Estate Platform, signed an agreement with HAVI Logistics (Thailand) Company Limited or "HAVI", a Global Supply Chain Management leader, to lease 30,000 sq m space of a "Built-to-Suit" facility at FPT Bangplee. Located strategically at the Bangna-Trad Road Km 19, this will be first phase of the project for the new facility that will be used as HAVI's Cold Chain Food Distribution Center, enabling HAVI to develop a cost-effective F&B supply chain and logistics management in Thailand.
The industrial property rental business has a tendency to grow this year due to a proportionate demand from a growing optimisation and consolidation of many industries. This growing demand includes food & beverage industries where fresh food logistics and delivery become a critical operation in today food supply chain. Therefore, FPT continues strategically driving our business focus into this food and beverage sectors. FPT has been known from its experience in building modern cold storage facilities to meet our growing customers' requirements. We have already developed cold storage facilities serving Thai and international customers with more than 100,000 sq m of the total area. The cold chain DC is also equipped with value-added processing equipment. This facility will be a multi-temperature distribution center, comprises of Ambient Storage, Temperature Controlled Storage, Cold Storage and Frozen Storage to support the storage of F&B products and to ensure the quality and freshness. FPT is confident to expand its "Built-to-Suit" services to over 120,000 square meters in the fiscal year 2019 as the rising demand for Built-to-Suit warehouses from many industries. Bangplee location will continue to be location of choice for logistics and warehouses.
Mr. Sopon Racharaksa, President of FPT, reveals "We are honoured to gain HAVI's confidence in FPT's products and services. A unique 'Built-to-Suit' Food Distribution Center will be designed and developed based on HAVI's specific requirements and standard quality rations, reflecting FPT's focus on 'Customer Centric' approach that enable us to offer the most suitable solutions to meet HAVI's logistics operations needs. Additionally, our Bangplee Project is strategically situated in a key location for logistics and distribution on Bangna-Trad Road Km 19, close to the Industrial Ring Road and other intersecting routes. The location is highly in demand for logistics industry as it allows efficient logistics and distributions while giving an effective control over logistics costs."
HAVI is a leading Supply Chain Management Provider, with over 40 years of expertise in managing the cold chain logistics needs of leading brands in the restaurant, convenience and retail sectors, including specialization in Multi Temperature Food Distribution Technology. Their expertise and experiences in supply chain management and logistics help address supply chain challenges, from commodity to customer and through end-of life. They also provide tailored, turnkey supply chain services for high-care leading food and beverage brands in Thailand, such as YUM, KFC, Subway, OISHI and ZEN. The company makes more than 3 million deliveries to 20,000 delivery points in 47 countries in Europe and Asia each year. Driven by an increase in demand for fresh and quality foods from modern consumers today, HAVI foresees a rising demand for cutting-edge solutions offered for F&B warehouses. Logistics and supply chain management are a critical concern in food and beverage sector. Without a good warehouse management and inventory control, F&B distributors risk spoilage, contamination, or damaged products that can put consumers at risk and open their business to liability and violation of stringent food safety laws.
Ms. Titima Bantrapiwat, Managing Director, HAVI Logistics (Thailand) Company Limited, says "We are delighted to collaborate with FPT to develop the 'Built-to-Suit' warehouse at the Bangplee area as our new Cold Chain Food Distribution Center. The development will be divided into two phases with the total project area of 70,000 sq m. For the first phase, there is 30,000 sq m space of the building to be developed and included a 3,400 sq m high bay pallet stored up to a height of approximately 34 meters. The project is expected to be completed and up and running by the first quarter of 2020. With FPT's professional team and its long-standing reputation in developing high quality logistics facilities coupled with strategic location and innovative Cold Chain logistics solutions, we are confident that this agreement will enable us to achieve more efficiency in operations management and cost control."
Frasers Property Thailand currently manages a strong portfolio of industrial property spaces totaling over 2.7 million square meters in more than 50 strategic locations nationwide, making it the trusted partner of leading companies in numerous industries. At the present, the company has focused in grouping its 'Built-to-Suit' factories and warehouses, most of which are in the food and beverage business, retail, E-commerce and logistics.
This warehouse has set a goal of achieving the Leadership in Energy and Environmental Design (LEED), a global rating system for building sustainability. From design and construction based on green building policy to strictly reduce environmental footprint and maximize people well-being, the project will be able to introduce its expanding sustainable initiatives to benefit all building users and reduce environmental impact.
