TICON partnership bid wins prime Bangna-Trad Road site
TICON, a leading industrial development business in Thailand and overseas, has expanded its business through “TRA Land Development Co., Ltd.” (TRA), the joint venture company with Rojana Industrial Park Public Company Limited (Rojana) and Asia Industrial Estate Co., Ltd. (AIE), to acquire a 4,300-rai site at Bangna-Trad Road. T
The company said in a press release on Thursday that it plans to develop the site into a large-scale integrated industrial real estate project.
Sopon Racharaksa, president of TICON, said the company continues to expand its business by leveraging the strength of its partnership and its expertise as a leading industrial property developer.
The expansion was approved by the board of director earlier for “TRA”, a joint venture company 50 per cent owned by TICON, and 25 per cent each owned by Rojana and AIE, to win the auction for a prime 4,300-rai site located at Bangna-Trad Road KM.32. The total bidding amount was close to Bt8.9 billion.
The acquired site will strengthen TICON’s landbank position to offer a strategic development to its customers, the company said.
Sopon said: “The Eastern area of Bangkok represents a strategic location that continues to expand and serve as an industrial hub of the country. The area has a distinctive logistics system that serves as a prime distribution centre of Thailand, with close proximity to Suvarnabhumi International Airport and Bangkok Port (Khlong Toei Seaport) and an access to Bangna-Trad super highway which connects motorway and eastern outer ring national highway to the Eastern Economic Corridor (EEC).
“The strategic location is ideal for a large-scale integrated industrial-led real estate project which may include an element of mixed-use development and residential property.”
