ESR Group, APAC’s largest real asset manager powered by the New Economy, has expanded into Thailand with the opening of a new office.
ESR is developing two logistics and industrial parks in Thailand, representing a capital investment of THB 8 billion ($237 million).
The first project is in Rojana Industrial Estate Laemchabang and is 15 minutes to the Laem Chabang deep seaport within the Chonburi province, which was identified as part of the Eastern Economic Corridor (EEC) development by the Thai Government. The park has a land area of about 1.7 million square feet and a gross floor area of roughly 1 million square feet. It is expected to reach completion by the end of 2025.
The second park is in Asia Industrial Estate Suvarnabhumi and has a land area of about 3.9 million square feet and a gross floor area of 2.7 million square feet. Located close to the Suvarnabhumi airport and multiple access routes to the center of Bangkok, other economic centers in Thailand