- FPT continues to gain the trust and confidence from its customers in built-to-suit market. In addition to the existing distribution center of Central Watson in FPT’s Bangplee cluster, the second distribution center will be developed in Khon Kaen province to support the growth of its modern trade business in Isan region.
- FPT’s know-how and expertise in modern industrial properties development and its ready-to-use land banks in strategic locations for logistics and distribution across Thailand, allows FPT to provide the unique market proposition to customers.
- FPT’s Khon Kaen project is an ideal location for regional distribution to other provinces in the North-Eastern region. Our customers will benefit from greater supply chain efficiency with faster last-mile delivery.
BANGKOK, 25 JUNE 2020
Frasers Property (Thailand) Public Company Limited (“FPT”), a leading provider of integrated real estate platform, recently entered into an agreement with Central Watson Company Limited (“Central Watson”), the operator of Watsons’ health and beauty stores, to develop its first modern distribution center in Khon Kaen province.
To support Central Watson’s rapidly growing stores in Thailand every year and its expansion of e-commerce platform, FPT will develop a modern distribution center which caters to modern trade business. The distribution center will be located in the current FPT’s Khon Kaen logistics park project, strategically situated on Mitrapap Highway No. 2 close to Amphoe Muang of Khon Kaen province. An establishment of this regional distribution center (RDC) allows Central Watson to strengthen their supply chain and logistics management efficiency while minimising the cost of operation in their focused markets of the North-Eastern region. In addition to Central Watson’s existing distribution center in FPT’s Bangplee cluster, this RDC will increase Central Watson’ operational capabilities with faster delivery to their online shoppers. Upon the completion of this RDC, the total area leased under FPT will be over 21,000 sqm.
Mr. Sopon Racharaksa, President of Frasers Property Thailand, said, “FPT is the one of the few developers who understand and able to deliver modern warehouses to customers across the country including North-Eastern of Thailand. We continually seek to understand customer needs and deliver the best class industrial properties as well as valuable experiences for our customers through our customer-centric services and solutions.”
With the total built area over 9,000 sq.m., this new warehouse not only has an ability to serve the customer’s current requirement but also for their future expansion. It is built with an astute design for effective warehousing and distribution such as installation of loading bays and dock levellers, and floor load capacity of 3 tons per sq.m. In addition, considering all aspects of quality, this warehouse was designed and built according to building codes and safety standards which are equivalent to international quality. Central Watson’s distribution center is expected to complete by first half of year 2021.
“We are honoured to be selected by Central Watson to develop its first regional distribution center in the up-country of Thailand which marks a new milestone for our client. Khon Kaen province is one of FPT’s strategic locations which is ideal for logistics and distribution to the North-Eastern Thailand. We have approx. 200-rais of land available for customers who are looking for modern and high-quality industrial properties to grow their businesses in Isan region. Our belief in long term business relationships and collaborations drive us to support our clients and logistics community wherever they expand their business to. We will continue to pursue to be the brand of choice by focusing on our customer-centric approach to serve customers’ specific requirements and strive to delivering a comprehensive suite of services to our customers seamlessly." Mr. Sopon concluded.
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.
