Ticon Logistics Park to spend Bt6 billion on warehouses, other facilities

Corporate April 28, 2014 00:00


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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.

The company is studying another strategic location in the North for a logistics park.

Tpark was established in August 2005 by Ticon Industrial Connection Plc, the leading provider of serviced rental factories, and currently has paid-up capital of Bt2.5 billion.

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.

“We have focused on developing logistics parks and warehouses at three strategic locations, which are close to sea ports such as Laem Chabang to serve import-export customers, close to industrial estates, such as Amata, Hemaraj and Rojana, to serve manufacturers in the estates, and close to the prime locations where distribution centres have been established, such as at Wang Noi and Bang Plee,” he said.

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.

Tpark has 94 customers representing key industries such as automobile, electric and electronics, logistics, consumer and retail.

“We plan to build 300,000 sqm of warehouse space for lease this year. We also expect to have new leased warehouse space of about 250,000 sqm totally this year,” he said.

The company last year leased a 16,000 sqm warehouse in Bang Plee to Central Watson Co, the operator of Watson’s stores selling personal care, pharmacy, health and beauty products. It also leased 69,000 sqm of warehouse and logistics space in Bang Plee to DHL, which will increase space at the distribution centre by 30,000 sqm in the air courier’s second expansion phase.