By Andrew Batt:
Hemaraj Land And Development has announced a 61 percent year-on-year jump in industrial estate sales for the first nine months of this year.
The company revealed it had 87 contracts comprising 56 new customers and 31 project expansions from existing customers. Of these, 43 percent are Japanese customers and 29 percent are in the automotive industry.
For the first nine months of 2012, Ready Built Factories and Logistics Parks rental grew by 62,997 sqm – or a 40 percent increase from the 2011 cumulative balance. There is another 35,463 sqm of pre-leased factories that is set to commence during the next seven months.
The Ready Built Factory and Logistics Parks 2012 rental forecast still projects a 63 percent increase from the cumulative balance of 2011. Utilities volume demand increased 13 percent compared with the same period last year.
David Nardone (pictured), President and CEO of Hemaraj And Development, said: “Thailand remains attractive to foreign direct investment due to cost, currency and market access. We continue to see significant automotive, logistic, and other opportunities from Japanese, Australian, American, Chinese, and other investors. This is reflected in the total investment value promoted by Board of Investment increasing by 43 percent from January to September 2012”.
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