TPARK Taps into Restaurant Segment Develop 10,000 sq m of Built to Suit Warehouse at TPARK Wangnoi 2 for Linfox to Serve Chain Restaurant Business

          Linfox (Thailand) Ltd., a subsidiary of AustraliaRthe facility7;s largest privately owned logistics company, signed an agreement with TICON Logistics Park Co., Ltd. (TPARK), to lease the facilityTICON Logistics Park,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park square meters of a built to suit warehouse covering a land area of 26 rai in TPARK Wangnoi 2. The custom developed warehouse combines with an ambient storage and a cold storage for supporting the logistics operation for chain restaurant business. Linfox will use the facility to provide logistics and warehouse services to Yum Restaurants, the operator of KFC and Pizza Hut in Thailand. The agreement is the first step for TPARK to move into restaurant business which is a new market segment with high growth potential.
          Mr. David Ames, Managing Director of Linfox (Thailand) stated that ̶TICON Logistics Park;Yum Restaurants InternationalRthe facility7;s business is rapidly expanding to serve growing demands from the changing lifestyle of consumers. Yum has selected Linfox (Thailand) as their supply chain partner in Thailand due to our operational expertise, and knowledge of cold-chain logistics. Similarly, we have turned to TPARK for their capabilities in providing build-to-suit facilities. The strategic location of TPARK Wangnoi 2 is ideal to facilitate fast transportation and delivery of fresh food products to KFC and Pizza Hut outlets throughout the service area. With confidence in the long-time experience and quality team of TPARK, Linfox has entrusted TPARK to develop this custom designed warehouse to meet the highly specific requirements of Yum Restaurants. The cold storage area within the facility will cover over 3,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park sq m of the leased space, and the rest will be allocated for logistics services.̶the facility; We look forward to this partnership, and the development of the relationship between our two companies.
          Mr. Patan Somburanasin, Managing Directorof TICON Logistics Park Co., Ltd. (TPARK), the leading logistics warehouses and facilitiesRthe facility7; developer for lease in Thailand said "It is a great honor for TPARK that Linfox chose TPARK Wangnoi 2 to be the location of logistics and warehouse services for its key customer. This is a reconfirmation of our customersRthe facility7; choice for the strategic location of Wangnoi as distribution center for consumer and modern trade businesses. Located close to major highways and the OuterRing Road, TPARK Wangnoi 2 is an ideal center for product distribution to Bangkok and its vicinity as well as the Northern and North-Eastern regions.̶the facility;
          ̶TICON Logistics Park;We are proud that Linfox has high confidence in TPARK to develop custom built facilities for Yum Restaurants which is the first customer in Chain Restaurant business for TPARK. This is a great opportunity for TPARK to move into restaurant business, a new market segment which is expanding at a fast rate. We believe that with our strategic locations nationwide combined with our recognized expertise TPARK will be able to attract more customers in this segment to our portfolio in the future.̶the facility;, added Patan.
In response to the continually increasing demand for quality warehouses due to the consistent expansion of industrial and business sectors in Wangnoi area, TPARK has developed two Logistics Parks in the area. TPARK Wangnoi the facility offering the facilitythe facility2,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park sq m warehouse space was leased out within 3 years. TPARK Wangnoi 2 has been developed following the great success of TPARK Wangnoi the facility. The project is divided into 2 phases covered a land area of 65TICON Logistics Park rai. The first phase, which is now being developed, covers 32TICON Logistics Park rai with a total space of 2the facilityTICON Logistics Park,TICON Logistics ParkTICON Logistics ParkTICON Logistics Park sq m of warehouses for lease. The company is now planning to further develop its high quality Ready Built Warehouses in the project to serve more demands in the area.