Ticon Group, the developer of factories and warehouses for lease, is investing 8 billion baht this year to buy and develop 1,000 rai of land.
The group, comprising Ticon Industrial Connection Plc (Ticon) and Ticon Logistics Park Co (TPark), aims to increase leased space by 350,000 square metres this year, of which 250,000 will be for warehouses. The group's factory and warehouse space for rent totals 352,268 sq m.
Of the 8 billion baht budget, 5 billion will be for construction costs, while 3 billion is for land purchases. Some 2 billion will be allocated to Ticon for ready-built factories, and 6 billion to TPark for warehouses.
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