Hemaraj Land and Development has announced an 88 percent year-on-year increase in Industrial Estate sales for the first half of 2012.
The company revealed it signed 67 contracts comprising 44 new customers and 23 project expansions from existing customers. Of these contracts more than 50 percent are Japanese companies and more than 30 percent are in the automotive sector.
During the first six months of 212, Ready Built Factories and Logistics Parks rental grew by 44,018 sqm – a 28 percent increase from the 2011 cumulative balance. There is another 30,631 sqm of pre-leased factories which are set to commence over the next one to seven months.
The Ready Built Factory and Logistics Parks 2012 rental forecast still projects a 60 percent increase, equal to 95,000 sqm, over 2011 figures. Utilities demand also increased 7 percent compared with the same period of last year.
David Nardone, President and CEO of Hemaraj and Development, said: “Thailand remains attractive to foreign direct investment due to cost, currency and market access. This is reflected in the total investment value promoted by Board of Investment (in Baht) increasing by 62 percent between January and May 2012”.
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