ICBC (Thai) backs FPT with 1B Baht Green Loan for logistics center

MGR Online•Economy•13d ago

Reader Briefing

ICBC (Thai) has provided a 1 billion baht green loan to Fraser Property (Thailand) Public Company Limited (FPT) for a logistics center developed under green building principles.

•ICBC (Thai) provided a 1 billion baht green loan to FPT.
•The loan is for the Fraser Property Logistics Center Bang Phli 7 in Samut Prakan province.
•The project will feature six warehouse buildings with over 70,000 square meters of leasable space.
•The development adheres to green building concepts, with three warehouses already LEED Gold certified.

Overview

•ICBC (Thai) signed an agreement to support Fraser Property (Thailand) Public Company Limited (FPT) with a green loan.
•The green loan amount is 1,000 million baht, in order to finance a new logistics center project.
•The loan is designated for the Fraser Property Logistics Center Bang Phli 7 located in Samut Prakan province.
•The logistics center project will consist of 6 warehouse buildings, providing over 70,000 square meters of rental space.
•The project is developed under the concept of green buildings, with 3 existing warehouse buildings already certified LEED Gold.
•ICBC (Thai) stated that this loan represents a collaboration to drive towards mutual sustainable green business goals.
•The signing ceremony involved executives from both ICBC (Thai) and FPT, indicating official commencement of the agreement.

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Key Entities

Organization

ICBC (Thai)(ไอซีบีซี (ไทย))

The bank that provided a 1 billion baht green loan to FPT.

Fraser Property (Thailand) Public Company Limited(เฟรเซอร์ส พร็อพเพอร์ตี้ (ประเทศไทย) จำกัด (มหาชน))

The recipient of a 1 billion baht green loan from ICBC (Thai) for their logistics center project.

FPT

Abbreviation for Fraser Property (Thailand) Public Company Limited, the recipient of a green loan.

Place

Samut Prakan Province(จังหวัดสมุทรปราการ)ℹ️

The province in Thailand where the Fraser Property Logistics Center Bang Phli 7 project is located.

Person

Xiao Po Li(นายเสี่ยวปอ หลี่)

Chief Executive Officer of ICBC (Thai), who announced the green loan to FPT.

Chittawadee Sangthong(นางสาวจิตตวดี แสงทอง)

First Executive Vice President of ICBC (Thai) who co-signed the green loan agreement.

Hua Tiang Lim(นายฮั่ว เตียง ลิม)

Chief Executive Officer and Authorized Director of Fraser Property (Thailand) Public Company Limited who co-signed the green loan agreement.

Peeraphat Srisukon(นายพีระพัฒน์ ศรีสุคนธ์)

Managing Director of the Industrial Real Estate Group at Fraser Property (Thailand) Public Company Limited who co-signed the green loan agreement.