Frasers Property (Thailand) Public Company Limited, or "FPT" has entered into a proposed sale and purchase agreement to acquire all of the shares in Nong Suea Chang Chonburi Company Limited, a company with landholdings of over 2,400 rai (384 hectares) in Nong Yai District, Chonburi Province, for a purchase consideration of THB 3,795 million.
This strategic acquisition expands FPT's industrial and logistics footprint in Thailand's Eastern Economic Corridor (EEC) - a key hub in attracting global investment. The company intends to develop an industrial estate on the site to cater to customers' growing requirements for quality industrial space in the EEC. According to data from the Department of Business Development, the EEC received THB 74,792 million in foreign investment from January to August 2025. This represented 33% of Thailand's total foreign investment, highlighting the EEC's position as a key driver of economic growth.
Lim Hua Tiong, Chief Executive Officer of Frasers Property (Thailand) Public Company Limited, said, "Chonburi is a cornerstone of Thailand's Eastern Economic Corridor and a prime location for industrial and logistics development. This acquisition strengthens our ability to deliver integrated solutions for global manufacturers and logistics operators seeking to relocate or expand their manufacturing bases in Thailand. This is second industrial estate after the launch of ARAYA The Eastern Gateway at Samut Prakan province in February this year. ARAYA project has been highly successful and continues to attract strong interest from customers. Building on this momentum, the company is expanding into the development of an industrial estate in the Eastern Economic Corridor (EEC) to cater to customers' growing needs while attracting additional foreign investment into Thailand."
This expansion will further diversify FPT's business beyond its existing portfolio of residential, industrial and logistic, and commercial properties. It will strengthen the company's overall portfolio and support more stable revenue growth.
Combined with our strong portfolio in industrial and logistic and strategic projects like ARAYA, we are shaping the future of smart, sustainable industrial ecosystems that support Thailand's competitiveness on the world stage
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