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Thailand Industrial – Ticon Logistics to spend Bt6 billion

By on May 09, 2014 in Industrial, Property News

TICON LOGISTICS PARK will invest Bt6 billion this year to build more local logistical facilities and warehouses for lease to cash in on the growing outsourcing trend.  Tpark is also studying the feasibility of operating warehouses in foreign markets like Myanmar and Vietnam.

Managing director Patan Somburanasin said last week that the company plans to build warehouses at two new upcountry locations – Khon Kaen in the Northeast and Surat Thani in the South – with total space of 200 rai and 70 rai. The sites were purchased last year.  The buildings will be completed by the end of this year and ready for leasing by the beginning of next year.

Tpark is the first to receive BoI approval for full-scale logistics park development.  Tpark’s leases ready-built and built-to-suit logistics warehouses. Site facilities include high-standard infrastructure and systems to respond to the needs of the logistics industry.

Tpark has built warehouses and logistics facilities at 29 strategic locations covering a total area of 4,712 rai with total warehouse space of more than 943,000 square metres.  With some ready-built warehouses already available and more coming this year, Tpark will have total warehouse space available for lease of 1.32 million square metres by year-end.

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