Company News
Hemaraj Announces 1H’2013 Industrial Estate Land Sales of 1,190 rai, 32% Ahead of 2013 Revised Target
09/07/2013
Bangkok, 9 July 2013 – Hemaraj Land And Development Public Company Limited announced the Industrial Estate Sales (includes some rental) of 1H’2013 being 1,190 rai (476 acres or 190 hectares). There were 54 contracts, being 32 new customers and 22 project expansions from existing customers, of which more than 44% are Japanese and more than 40% are Automotive.
For the 1st Half of 2013, Ready Built Factories rental grew to 260,356 square meters, an increase of 24,547 square meters or 10% from the Year 2012 cumulative balance. Hemaraj Logistics Parks rental increased by 43,764 square meters. It is noted that both Ready Built Factories and Logistics Parks have additional pre-leased areas of 28,284 square meters and 8,191 square meters, respectively with the leases commencing in 2013.
Hemaraj projects the 2013 Ready Built Factories and Logistics Parks rental will increase by 120,000 square meters, and 100,000 square meters respectively, for the year.
Industrial Estate Utilities demand increased by 8% from Quarter 2 of the prior year.
David Nardone, President and CEO of Hemaraj And Development, noted “Hemaraj started the first half of 2013 with a solid industrial estate land sales of 1,190 rai, 32% ahead of our 2013 land sales increased target of 1,800 rai. Thailand continues to be attractive for relocation, consolidation, and growth due to reasonable costs, currency, infrastructure, and market access.
Gheco-One, a 660 MW IPP power project with Hemaraj 35% shareholding completed its seven weeks of warranty maintenance on 7 July 2013 and has now successfully resumed its commercial operation. In addition, our first 126 MW SPP power project with Gulf JP has commenced its commercial operation since May 2013”.
For the 1st Half of 2013, Ready Built Factories rental grew to 260,356 square meters, an increase of 24,547 square meters or 10% from the Year 2012 cumulative balance. Hemaraj Logistics Parks rental increased by 43,764 square meters. It is noted that both Ready Built Factories and Logistics Parks have additional pre-leased areas of 28,284 square meters and 8,191 square meters, respectively with the leases commencing in 2013.
Hemaraj projects the 2013 Ready Built Factories and Logistics Parks rental will increase by 120,000 square meters, and 100,000 square meters respectively, for the year.
Industrial Estate Utilities demand increased by 8% from Quarter 2 of the prior year.
David Nardone, President and CEO of Hemaraj And Development, noted “Hemaraj started the first half of 2013 with a solid industrial estate land sales of 1,190 rai, 32% ahead of our 2013 land sales increased target of 1,800 rai. Thailand continues to be attractive for relocation, consolidation, and growth due to reasonable costs, currency, infrastructure, and market access.
Gheco-One, a 660 MW IPP power project with Hemaraj 35% shareholding completed its seven weeks of warranty maintenance on 7 July 2013 and has now successfully resumed its commercial operation. In addition, our first 126 MW SPP power project with Gulf JP has commenced its commercial operation since May 2013”.