Frasers Property Thailand lauded as Asia's Best Performing Companies 2023 by ACES

Mr. Thanapol Sirithanachai, Country Chief Executive Officer of Frasers Property (Thailand) Public Company Limited, said: "Through Frasers Property Thailand's diversified portfolio across its integrated real estate platform, the company remains resilient and strong with the revenue generated by the residential business that had expanded its product lines to capture a wider segment, and stable recurring income from the industrial and commercial businesses that have high occupancy rates of 86% and 93% respectively. With our customer-centric approach, FPT is committed to drive the company with high quality products, services, and solutions that meet the demands of all customers."

The award highlights FPT's four key strengths:

• An extensive global network from Frasers Property brand that enables access to a wide range of resources, expertise, and opportunities, providing FPT with a distinct competitive edge. Additionally, the company holds a substantial land bank strategically located in prime areas, ensuring that future developments.
• A customer-centric approach built upon continuous learning and analysis of customer behaviour to provide value-added services, ensuring utmost customer satisfaction. Examples encompass solutions such as Built-to-Suit or Built-to-Function factories and warehouses tailored to meet specific tenant demands. Additionally, the company offers a fully furnished office space rental solution crafted to address the needs of rapidly expanding organizations.
• Maintaining a flexible and agile management approach for the business against a dynamic macroeconomic backdrop. This enabled the company to deliver THB 16,810 million in revenue for FY2023, representing a year-on-year increase of THB 463 million. The company maintains a focus on prudent capital management, emphasizing the importance of sustaining financial stability to support potential value-added investments in the future.
• Dedication to developing products and services through sustainable practices, ensuring a consistent commitment to contributing to society and the environment based on good governance. Additionally, innovative methods are employed to minimize environmental impact, establishing a circular energy system as part of the journey towards achieving the goal of net-zero carbon emissions by 2050.

As Asia's Best Performing Companies in 2023, FPT is committed to delivering inspiring spaces and outstanding services that cater to all customer needs while guided by its Purpose - Inspiring experiences, creating places for good.

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