- In its first major collaboration for fiscal year 2020, FPT and F&N have signed an agreement for FPT to develop a build-to-suit distribution center for F&N, the leading food and beverage (“F&B”) company in Thailand and Indochina.
- Smart distribution center with fully automated storage system will be built on an about 25 rai plot of land with total floor area of approx. 20k sqm.
- Expected to be completed in Q2 FY2021, the distribution center will be located in Ayutthaya, a strategic location for logistics and distribution centers with access to Bangkok and its vicinity as well as Thailand’s North and Northeast regions.
BANGKOK, 27 NOVEMBER 2019
Frasers Property (Thailand) Public Company Limited or “FPT”, a leading provider of integrated real estate platform, and F&N Dairies (Thailand) Co. Ltd. or “F&N”, a leading F&B company in Thailand and Indochina, have signed an agreement to develop a build-to-suit distribution center in Ayutthaya. With strategic access to major highways and the outer industrial ring road, the distribution center will facilitate F&N’s product distribution to Bangkok and its vicinity, as well as to Thailand’s North and Northeast regions.
Mr. Sopon Racharaksa, President of FPT, said: “Our agreement with F&N marks FPT’s first major deal for the fiscal year 2020. We look forward to bringing our expertise in smart warehousing solutions to meet F&N’s specific logistics needs and planning. We are confident in achieving our target of 150,000 sqm per year of gross floor area for build-to-suit development as we continue to gain the trust of our customers in the build-to-suit market. This will increase FPT’s market share in Thailand’s logistics warehouse sector, and enable us to attain leadership position in the build-to-suit development market in the near future. FPT will continue delivering best-in-class facilities to meet customer needs for Industrial 4.0.”
The distribution center is expected to incorporate a modern fully automated technologies including automated storage and retrieval systems (ASRS) and other automation technologies, which will be built on an about 25 rai plot of land, with a total floor area of 20k sqm. The distribution center will also feature a high bay pallet storage with a building height of approx. 40 meters that can support up to 11 tons per sqm and targeted to be completed in the second quarter of fiscal year 2021.
