Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT) is shaking up the industrial REIT sector in Thailand by becoming the first to design and develop factories and warehouses built to meet green building standards. Traditionally, REITs focus on acquiring existing properties with high occupancy rates for steady income generation. However, regulations allow for investment in new development (greenfield project) if the project value doesn't exceed 10% of the REIT's total asset value. FTREIT is capitalising on this opportunity, going beyond just greenfield project to encompass both new build and expansion of existing facilities (brownfield project).
Mr. Thanarat Boonyakosol, Managing Director of Frasers Property Industrial REIT Management (Thailand) Company Limited (FIRM), the REIT manager of FTREIT, said: “FIRM recognises the growing demand from leading companies seeking sustainable industrial space to expand their businesses. By incorporating green building practices into both new developments and existing property enhancements, FTREIT is aligning with Frasers Property’s Group ESG goals of achieving net-zero carbon by 2050. The company is capitalising on business opportunities and adopting a customer-centric approach to enhance properties, while adhering to the highest green building standards.”
