JWD has decided to set up and appoint a subsidiary as its REIT manager, and is studying the properties to be included on the portfolio. The project is expected to be completed by 2016.
Mr Charvanin Bunditkitsada, Chairman of the Executive Committee and Chief Executive Officer of JWD Infologistics PCL, or JWD, a fully integrated in-land logistics service provider, revealed that JWD’s board resolved on 16 October to approve a plan to establish a subsidiary to act as manager of the real estate investment trust (REIT) to be completely set up by 2016. The company is studying the assets to be included in the REIT’s portfolio, and it will inform the public of further developments, he said.
Currently, JWD has more than 210,000sq.m. space for warehousing of general goods, dangerous goods, cold chain goods and documents, and more than 557,000sq.m. yard space for export automobiles in Laem Chabang industrial estate and Mahachai subdistrict of Samut Sakhon province and on Bang Na-Trat Road (KM 19) and Suwinthawong Road.
The CEO added that the company, which possesses more than 35 years’ experience as one of Thailand’s integrated logistics service providers, currently has an aggregate space of 775,743sq.m. within general and free zones at Thailand’s major import-export and cargo distribution locations, including 206,488sq.m. in 40 warehouse buildings and 569,255sq.m. in cargo yards, located at Laem Chabang port (608,187sq.m.), on Krungthep Kritha Road (4,575sq.m.), Sam Wa Road (19,200sq.m.), Bangna-Trat Road KM 19 (94,480sq.m.), Suwinthawong Road in Chachoengsao province (18,905sq.m.) and in Mahachai subdistrict of Samut Sakhon province (27,996sq.m.) and Saraphi district of Chiang Mai province (2,400sq.m.). A total space of 184,000sq.m. is available for handling of dangerous goods. As JWD is the sole concessionaire of such business in Laem Chabang port, all the dangerous goods loaded and discharged at the port must be processed through its dangerous cargo warehouse.
JWD’s strengths lie in i) its position as an integrated in-land logistics service provider with capability to meet all requirements of its customers; ii) its focus on sophisticated segments (eg warehousing of dangerous goods, cold chain goods and automotive products, which require great precision and speed); and iii) the state-of-the-art information technology that is developed by one of its subsidiaries, which enables it to respond to customer needs punctually.