Origin diversifies for growthAt present, Alpha is developing the first project on a 24-rai plot on Bang Na-Trat Km 22. With a dramatic rise in e-commerce business, SET-listed developer Origin Property Plc has diversified into logistics and warehouses through a joint venture with JWD InfoLogistics Plc, planning to develop 200,000 square metres per year. Peerapong Jaroon-ek, chief executive of Origin, said the company would support the joint venture with potential land plots, development of logistics and warehouse facilities, and its partnership with Japanese and South Korean investors. Charvanin Bunditkitsada, chief executive of JWD, said the joint venture would help JWD expand the built-to-suit warehouse business and increase the number of self-storage facilities in housing projects. Earlier this year Origin and JWD set up a joint venture, Origin JWD Industrial Asset Co, which was last month renamed Alpha Industrial Solutions Co, with a registered capital of 1 million baht held 50:50 by the two partners.

Source: Bangkok Post August 30, 2021 23:26 UTC