The President and Chief Executive Officer of Hemaraj Land And Development Public Company Limited declared himself satisfied with his company’s performance during the first six months of the year.
David Nardone revealed that Industrial Estate land sales (including some rental) for the first six months of 2014 were 297 rai (118 acres or 48 hectares). There were 20 contracts, 13 new customers and seven project expansions from existing customers. Of the contracts, 50 percent were Japanese companies and more than 25 percent were from the automotive industry.
Nardone told reporters: “This is a reasonable start to 2014. We had the consideration of year-end political disruptions as well as BOI approvals (a THB600bn backlog) just commencing from June of this year.
“There is a renewed optimism of investor confidence as the domestic demand and export markets continue to recover.”
Nardone added that he sees high activity levels, broad country representation, and a return to a more normal run rate.
“We believe that industrial investment in Thailand. and our business strategy, remain attractive long term.
Thailand continues to be a preferred location for manufacturing and growth due to reasonable costs, good infrastructure, and expanded market access,” he aded.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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If you have a news story or comment for publication about Thailand property or real estate email: andrew@propertyguru.com.sg