About Frasers Property Thailand
Frasers Property (Thailand) Public Company Limited (“the Company”), formerly known as TICON Industrial Connection PCL (“TICON”) was established in 1990 and listed on the Stock Exchange of Thailand in 2002. The Company engages in development and management of industrial properties for ready-built factory and ready-built warehouse located inside and outside industrial estate. Subsequent to the major flood in 2011, the Company had made a strategic shift of its portfolio following the relocation of manufacturing base from the Northern and Central region to the new area, with its business strategy to maintain occupancy rate and tenant base. After Frasers Property Group has become our major shareholder, the Company pursued more development initiatives in Built-to-Suit industrial property to strengthen and enhance our capability to compete in the long run.
During 2019, the Company was officially rebranded to "Frasers Property (Thailand) PLC" and traded on the Stock Exchange of Thailand under a new trading ticker "FPT", with commencement of a new business platform under the global brand "Frasers Property". The Company is now a member of Frasers Property Limited, a multi-national company listed on the Singapore Stock Exchange, that owns, develops and manages a diversified portfolio in 5 real estate asset classes including serviced apartment and hospitality, residential, commercial and business park, retail, and industrial property across Singapore, Australia, Europe, China and Southeast Asia. Underlying the strategic direction of the Group Company, we have made an announcement to acquire the business of Golden Land Property Development Public Company Limited (“GOLD”) by means of a voluntary tender offer for all of the securities of GOLD between 5 June – 8 August 2019 at the offering price of THB 8.50 per share. As a result, the Company has successfully acquired 2,195,898,701 shares or 94.5% of total securities in GOLD, totaling THB 18,665 million. The rationale and benefits of this transaction are to expand the business of the Company into a quality platform in residential, commercial and hospitality property sectors and to balance and diversify portfolio across asset classes and customer segments with enhancement of return to shareholders and the operation efficiency created by economies of scale.
The Company announced its vision as a company that strives to be a leading provider of integrated real estate platform, we are committed to provide a multi-asset class development for sustainable growth under good corporate governance. Embracing innovation and technology to enhance competitiveness in all dimensions, we aim to deliver future-proof solutions to serve dynamic needs of real estate sector and create memorable and enriching experiences to all stakeholders. We are ready to move forward and promptly collaborate with strategic partnership to enhance our latency through a group network to create revenue stream and add value to core businesses. Overall company structure comprises 3 businesses as followed;
- Industrial Property and Related Business
- Residential Property Business
- Commercial Property Business
Frasers Property Thailand is a member of Frasers Property Group, a multi-national company that develops, owns and manages a diverse, integrated portfolio of properties. Listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore, the Group has total assets of approximately S$38.1 billion as at 30 September 2019.
Frasers Property’s assets range from residential, retail, commercial and business parks, to logistics and industrial in Southeast Asia, Australia, Europe and China. Its well-established hospitality business owns and/or operates serviced apartments and hotels in over 70 cities across Asia, Australia, Europe, the Middle East and Africa. The Group is unified by its commitment to deliver enriching and memorable experiences to customers and stakeholders, leveraging on its knowledge and capabilities from across markets and property sectors, to deliver value in its multiple asset classes.
Ideal living proposition to attract home buyer demand across diverse market segments including low ries residential projects of single-detached houses, semi-detached houses and townhouses.
Deliver tailored industrial property solutions with end-to-end execution capabilities across facility development, asset management and asset recycling.
Commercial and hospitality
Landmark commercial, hospitality and mixed-use developments in the heart of bangkok's CBD with key focus on unique mixed-use concept, management effciency and quality building in order to grow occupancy and strengthen cash flow generating capability.