Frasers Property (Thailand) Public Company Limited

Uraset Navanukroh, Deputy Chief Executive Officer for Investment at One Bangkok and Fraser Property (Thailand) Public Company Limited, or FPT, said cooperation among the government, private sector and financial institutions is a key driver of urban development, noting that every 1 baht invested in real estate circulates to create at least 3 times its value in the economy. FPT measures project success by financial returns, the local economy and the quality of life of people in the community. FPT currently has seven real estate projects in Bangkok's business and central districts: Samyan Mitrtown, Silom Edge, Park Venture, Sathorn Square, The Park, FYI Center and One Bangkok. Sittipol Kusumaranya, Deputy Director of the Bangkok Metropolitan Administration's City Planning and Development Office, said the fourth revision of the Bangkok comprehensive plan is in its 90-day public notice period, and the new draft plan is expected to take effect around mid-2027, pushing up appraised land prices, with land within 500 metres of a train station eligible for an additional 20% of building space. Dr. Mana Nimitvanich, Director of the Real Estate Information Center, said the property market in the second half of 2026 may slow from the second quarter of 2026, but the overall picture for the year is still recovering, with total ownership transfers expected to grow by about 2-3% in both units and value. The Bangkok and greater Bangkok market is driven by domestic Thai purchasing power, while Phuket and Pattaya are expanding on foreign demand. An analysis by Kasikorn Securities Public Company Limited takes a more positive view of the residential business following FPT's latest operating results. It expects the sale of 1 billion baht of industrial property to a REIT in the fourth quarter of 2026, against a full-year target of 1.5 billion baht, and expects 1.5 billion baht of such asset sales in 2027-2028. It recommends buying with a target price of 9.70 baht.

Frasers Property (Thailand) Public Company Limited, or FPT, has announced the establishment of Frasers Property Industrial Estate to oversee its industrial estate and industrial township business specifically, marking a key strategic move to upgrade its business structure from being merely a developer of warehouses and factories for rent to becoming a full-service industrial estate developer. Mr. Hua Tiang Lim, Chief Executive Officer of FPT, said the establishment of this business group is intended to build on its potential and experience in industrial real estate development, supporting the growth of high-value industries and new investment opportunities in Thailand. Under this structure, Frasers Property Industrial Estate will be responsible for managing the Araya The Eastern Gateway project as well as developing new industrial estate and industrial township projects. Ms. Kamolkarn Kongkathong, Managing Director of Frasers Property Industrial Estate (Thailand) Company Limited, said the company is in the process of developing a new industrial estate and industrial township in Chonburi province on an area of more than 2,244 rai in the strategic area of the Eastern Economic Corridor, or EEC, to enhance the potential of Araya The Eastern Gateway and create connectivity between projects in the portfolio. The development aims to create a premium-level industrial estate and industrial township to serve operators in the Industry 4.0 era, while incorporating ESG guidelines as part of the development.

Frasers Property (Thailand) Public Company Limited, or FPT, informed the Stock Exchange of Thailand that it has completed the transfer of assets from the company and its subsidiaries to the Frasers Property Industrial Real Estate Investment Trust and Leasehold Real Estate Investment Trust, or FTREIT, on 16 September 2026. The assets sold comprise 3 factory buildings totaling 3 units with approximately 10,000 square meters of net leasable area, together with land rights totaling approximately 15 rai 3 ngan 32 square wah, located in the Kabin Buri Industrial Zone for 1 building and 1 unit, and in the Rojana Industrial Park Prachin Buri for 2 buildings and 2 units. In addition, there are 2 warehouse buildings totaling 8 units with approximately 31,380 square meters of net leasable area, together with land rights totaling approximately 33 rai 48.1 square wah, located at Frasers Property Logistics Center Wang Noi 2. The total value of consideration from the asset sale is 872.60 million baht, while the appraisal prices from 2 independent appraisers, using the income approach, range from approximately 872.9 to 878.4 million baht.

FTREIT unitholders have approved the investment to acquire high-potential assets from Frasers Property Thailand, with a value not exceeding 2,784.40 million baht. They also gave the green light for the fifth capital increase to expand the total portfolio to exceed 55,000 million baht. The acquired assets comprise 5 factory buildings and 4 warehouses, totaling 9 buildings (21 units) in Phra Nakhon Si Ayutthaya, Prachinburi, Chonburi, and Rayong provinces. These are freehold properties covering over 130,000 square meters, bringing the total managed area to over 2.5 million square meters. The transfer of assets will begin from September 2026 to January 2027, and the trust will offer up to 182 million new units. The entire process is expected to be completed by early 2027.

Frasers Property Thailand, or FPT, and the Frasers Property Thailand Industrial Freehold and Leasehold Real Estate Investment Trust, or FTREIT, have successfully offered bonds worth more than 4.3 billion baht in total. FPT bonds worth 3.1 billion baht were oversubscribed by 2.3 times, while FTREIT bonds worth 1.2 billion baht were oversubscribed by 3.5 times. Both instruments received an A rating with a stable outlook from Tris Rating Company Limited. Proceeds will be used to repay existing debt to reduce financial costs and improve capital management efficiency. Mr. Huat Chiang Lim, Chief Executive Officer of FPT, said the success reflects investor confidence and helps strengthen the financial structure. Mr. Poomiphat Arunthamkul, Managing Director of Frasers Property Industrial REIT Management Thailand Company Limited, as manager of the FTREIT trust, said Thailand's industrial and logistics sector is supported by foreign direct investment and production base relocation from future industries such as digital technology, electronics, and automotive.

FTREIT reported an average occupancy rate of 92.5% for the first nine months of fiscal year 2026, up 2.6% from the same period last year, supported by a continuous wave of foreign capital relocating production bases to Thailand amid global geopolitical tensions. Mr. Phumphar Arunthamkul, Managing Director of FIRM as the REIT manager, disclosed that many multinational operators are turning to leasing factories and warehouses instead of building their own, in order to control capital expenditure and maintain flexibility, resulting in strong growth in leasing demand for FTREIT. Target industries relocating include digital, electronics, electrical appliances, automotive and parts, aligning with the outstanding expansion in investment promotion applications from the BOI. To meet rising demand, FTREIT is preparing to invest in additional assets from Frasers Property Thailand group worth a total not exceeding 2.78 billion baht, subject to unitholder approval on 26 August 2026. For the first nine months, total revenue reached 3.37 billion baht, up 6.7%, and net investment profit was 2.29 billion baht, up 8.9%, with a third-quarter dividend declared at 0.1955 baht per unit, bringing the cumulative three-quarter payout to 0.5850 baht per unit.

Frasers Property Thailand, or FPT, has announced its vision to elevate from a space provider to a full-service industrial and logistics solutions partner. The company manages a total area of over 3.8 million square metres across more than 50 strategic locations nationwide and is developing the Araya The Eastern Gateway smart industrial estate on over 4,600 rai, which is Thailand's first smart industrial estate project. It is also preparing to develop a new industrial estate in Chonburi province on over 2,200 rai. FPT offers ready-built factories and warehouses as well as built-to-suit project development, covering general warehouses, dangerous goods warehouses, cold storage warehouses, and energy-efficient factories. Its key customers include DHL, Maersk, DB Schenker, and Big C Supercenter. The company is part of Frasers Property Limited, which operates in multiple countries, enabling it to continuously support customers looking to expand their businesses across borders.