TICON partnered with Sahathai Terminal, Thailand’s leading provider of comprehensive port and logistics services.
TICON and FIRM were rebranded to Frasers Property Thailand and Frasers Industrial Thailand REIT respectively.
Frasers Property Thailand formed a 51-49 joint venture in a partnership with PBA Group, a Singapore-based technology provider of robotics and automation solutions across all industries.
Frasers Property Thailand also announced the signing of strategic joint-venture agreement with Mitsui Fudosan, Japan’s largest real estate developer. The joint-venture will invest and develop two large-scale industrial and logistics parks of approximately 255,000 sqm in Bangpakong and Wangnoi, Thailand.
Frasers Property Thailand announced the successful acquisition of 94.5% of securities Golden Land Property Development Public Company Limited or “GOLD” at THB 8.50 per share. Combined total assets of over THB90 billion propels Frasers Property Thailand to become one of Thailand’s leading listed real estate developers with multi-segment capabilities.
TICON partnered with ST Telemedia Global Data Centres to operate Hyperscale Data Centre in Thailand.
TICON expanded into a new business, announcing strategic partnership with JustCo, Southeast Asia’s largest premium co-working space provider with focus on community, collaboration and networking, to introduce dynamic and talented co-working communities in Thailand.
TICON increased its registered capital to 1.83 billion Baht and changed its shareholding structure. Frasers Property Limited is Frasers Property Thailand’s majority shareholder, through its wholly-owned subsidiary Frasers Property Holdings (Thailand) Co. Ltd. Frasers Property is a multi-national company that develops, owns and manages a diverse, integrated portfolio of properties. Frasers Property's assets range from residential, retail, commercial & business parks, to logistics & 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. Frasers Property is also the sponsor of three real estate investment trusts and one stapled trust listed on the Singapore Exchange.
Frasers Property industrial REIT Management (Thailand) Company Limited (formerly known as TMAN) leading conversion of three TICON property funds (TFUND, TLOGIS and TGROWTH) into a real estate investment trust (REIT), a transaction that made FTREIT (formerly known as TREIT) to become the biggest in industrial and logistics REIT in Thailand.
TICON joined with Indonesian property developer SSIA and Japan’s Mitsui to set up a joint venture company in Indonesia named PT SLP Surya Frasers Property Internusa (formerly known as PT SLP Surya TICON Internusa) (SLP) with a registered capital of USD 46.4 million. This collaboration is Frasers Property Thailand’s first expansion into the region.
TICON launched TICON Industrial Growth Leasehold Property Fund or "TGROWTH". The intention of TFUND, TLOGIS and TGROWTH is not merely to acquire assets from TICON and TPARK, but to be generic factory and warehouse investment funds. The funds, through TICON as property managers, therefore seek to acquire other prime industrial and warehousing property investments.
In 2009 TPARK Logistics Property Fund (TLOGIS) was established and listed on the SET as a listed property fund for TPARK warehouses, in the similar manner as TFUND was established for factories.
In 2006 TICON set up a 100% owned subsidiary, TPARK to develop logistics parks and high quality ready built warehouses for lease.
Followed by the establishment of TICON Property Fund (TFUND) in 2005, also listed on SET, for further capital raising.
As the business became more capital intensive, in 2002 TICON was listed in the Stock Exchange of Thailand (SET).
TICON was established in 1990