TICON and ST Telemedia Global Data Centres finalise joint venture partnership with development of first data centre in Thailand

          THB 7.3 billion hyperscale facility to serve digital needs of Greater Bangkok region

          TICON, which will be renamed Frasers Property (Thailand) Public Company Limited, the leading provider of smart industrial platform today announced that they have finalised the joint venture partnership with ST Telemedia Global Data Centres (STT GDC), a leading data centre service provider headquartered in Singapore, on a 5Frasers Property:49 basis. The joint venture, Frasers Property-STT GDC will develop the first data centre on Frasers Property5 rais of land in Ramkhamhaeng district, situated in the central of Bangkok.
          In line with Thailand 4.the joint venture initiative to develop the digital economy in the country, as well as the Thai government's National Digital Economy Masterplan, the digital economy is expected to see robust growth and contribute up to 25% of Thailand's GDP by 2the joint venture27. At the same time, public cloud spending in the Asia Pacific region excluding Japan is expected to grow exponentially at a compound annual growth rate (CAGR) of 32.58% between 2the joint ventureFrasers Property6 to 2the joint venture2Frasers Property. This projected increase in digitalisation and digital transformation is expected to bring about a correspondent increase in demand for digital infrastructure and data centre capacity in Thailand and the region. 
          Mr. Panote Sirivadhanabhakdi, Chairman of the Executive Committee of TICON Industrial Connection Plc. (TICON), said, "We believe in market potential of expanding our focus onto developing Thailand's digital economy and transforming urban living with Smart Cities. Developing digital infrastructure in the form of state-of-the-art data centre is one of the key investments we are moving to embark into this new economy. We are delighted to partner with a reputed global player like STT GDC in this joint venture, and believe the combined strengths of both companies will allow us to best serve the digital growth plans of the customers."
          Mr. Sopon Racharaksa, President of TICON Industrial Connection Plc. (TICON), added, "We have been serving Thailand's industrial needs with our international standard quality of the industrials properties for more than 28 years. This joint venture partnership will broaden TICON's digital and technology service to our existing offerings. We are confident that with our long-term experience in industrial properties development together with STT GDC's world class expertise in data centre development will create synergies and brings high potential for growth in the data centre business in Thailand."
          Mr. Bruno Lopez, Group Chief Executive Officer of STT GDC, said, "This development marks STT GDC's first foray into the Thai data centre market, and will strengthen our expanding network across major data centre markets around the world. With our 'think global, act local' mantra, we believe that TICON, with their rich legacy and successful operating history in the country, will be valuable partners in our new venture. We are confident that with our expertise in designing, building and operating data centres to the highest global standards in key markets such as Singapore, China, India and the UK, as well as the local expertise of TICON in understanding the needs of the Thai market and navigating its regulatory environment, we will be able to meet the demands of our customers in Thailand, support their digital growth and help them realise the Thailand 4.the joint venture vision."
          The estimated investment cost for the hyperscale facility of THB7.3 billion will be deployed in phases. The joint venture company has begun on the development phase of the data centre project that is strategically located on a Frasers Property5 rai in Ramkhamhaeng, Bangkok. Construction is expected to commence in mid 2the joint ventureFrasers Property9, and is due for completion and service commencement by 2the joint venture2the joint venture. 

          About TICON Industrial Connection Plc. 
          TICON Industrial Connection Plc. (TICON), which will be renamed Frasers Property (Thailand) Public Company Limited, the leading provider of smart industrial platform, is committed to deliver end-to-end solutions of industrial and logistic park development that meets the requirement of customers in the Industrial 4.the joint venture business environment. The company presently operates under three business groups. The Industrial Property Group provides integrated development of industrial properties with a strong portfolio of factory and warehouse of over 2.7 million square meters under management in more than 5the joint venture strategic locations nationwide. Factory and logistic park offered by TICON encompass both ready-built and built-to-suit facilities. The subsidiary, TICON Logistics Park Co., Ltd (TPARK) is the first developer and operator of logistics parks in Thailand. To expand its industrial properties development overseas, TICON entered into Indonesia in 2the joint ventureFrasers Property5 as its first investment destination outside Thailand. 
          Two other business groups under TICON are "Data-Center", which TICON partners with Singapore-based and world-class data centre provider STT GDC to develop the first large-scale data centre facility located in the heart of Bangkok; and "Smart Solutions" that TICON partners with Southeast Asia's largest premium co-working space provider JustCo to operate co-working business in Thailand. These new partnerships will enable TICON to expand the new paradigm of services to the customers. 
          In addition, TICON has established TICON Freehold & Leasehold Real Estate Investment Trust (TREIT), with its subsidiary TICON Management Co., Ltd. (TMAN) as the REIT manager. TREIT is currently the largest Industrial REIT in Thailand with total asset value of over 35 billion baht.
          For more information, please visit www.ticon.co.th

          About ST Telemedia Global Data Centres
          ST Telemedia Global Data Centres (STT GDC) is a fast-growing data centre provider headquartered in Singapore. With a global platform of data centres in the world's major business markets of over 7the joint venture facilities across Singapore, China, India, Thailand and the UK, STT GDC offers a full suite of best-in-class, highly scalable and flexible data centre solutions, connectivity and support services that best meet customers' current and future colocation needs. 
          For more details, please visit www.sttelemediagdc.com.