Amid ongoing protests against a 3,500rai expansion, industrial estate developer Amata Corporation is optimistic that it will be granted approval for the environmental impact assessment (EIA) this year.
Amata Director and Chief Marketing Officer Viboon Kromadit said, “I’m not worried about environmental issues. I believe the Office of Natural Resources and Environmental Policy and Planning (Onep) will approve the EIA since we’ve done everything required of us.”
Meanwhile, the company is developing the 10th phase of the Amata Nakorn Industrial Estate in Chon Buri province. This will comprise a 1,500rai expansion which has completed its third hearing in June last year.
The estate will also have a zone B offering a combined area of 8,255rai where around 2,000 rai will be initially developed.
Amata has sold 226rai of land in Amata City and Amata Nakorn to Ticon Industrial Connection. The land will be developed into high-quality, ready-built factories for rent, likely to be completed in Q4 2014.
According to Virapan Pulges, Managing Director of Ticon, the planned expansion will provide them 121,350 sq m of factory space to be leased as production facilities starting Q1 2014.
Including this new acquisition, Ticon now owns 737rai in Amata’s industrial estates. The company leased out 292,800 sq m of ready-built factories in Amata Nakorn as well as 72,125 sq m in Amata City.
Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@allproperty.com.sg
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