Hemaraj’s First-Half 2012 Land Sales reached a new record high of 1,447 rai, an increase of 88% from prior year.

Hemaraj’s First-Half 2012 Land Sales reached a new record high of 1,447 rai, an increase of 88% from prior year.

Bangkok, 3 July 2012 – Hemaraj Land And Development Public Company Limited announced the Industrial Estate Sales of 1^st Half of 2012 being 1,447 rai (578 acres or 231 hectares), an increase of 88% from the prior year.  There were 67 contracts comprising 44 new customers and 23 project expansions from existing customers.  Of these contracts more than 50% are Japanese and more than 30% are Automotive.

For the 1^st Half of 2012, Ready Built Factories and Logistics Parks rental grew by 44,018 square meters or a 28% increase from the Year 2011 cumulative balance.  There are another 30,631 square meters of pre-leased factories to commence over the next 1-7 months. The Ready Built Factory and Logistics Parks 2012 rental forecast still projects a 60% increase, being 95,000 square meters from the cumulative balance of 2011.   Utilities demand increased 7% compared with the same period of last year.

David Nardone; President and CEO of Hemaraj And Development, stated “ Thailand remains attractive to foreign direct investment due to cost, currency and market access.  This is reflected in the total investment value promoted by Board of Investment (in Baht) increasing by 62% from January to May 2012”.

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About Hemaraj

Hemaraj Land And Development Public Company Limited is Thailand’s leading developer of Industrial Estates, Utilities, Power, and Property Solutions.

Hemaraj develops six industrial estates of 31,280 rai (12,500 acres, 5,000 hectares) and 600,000 square meters of Ready Built Factories and Logistics Parks.  Industrial customers are automotive, petrochemical and other clusters comprising 519 distinct customers, 177 automotive customers with 274 automotive contracts, 784 Land or factory contracts, and a customer investment estimate of USD 25.0 billion.

Utilities include provision of 250,000 cubic meters per day of industrial water and waste water treatment.

Power development operating or under development are 13 projects of 2,635 megawatts with 23% Hemaraj shareholding.

Hemaraj received the “Excellent” (5 logos) corporate governance recognition level from Thai Institute of Directors (IOD) in 2009, 2010, and 2011.  Hemaraj was included  to the SET50 Index from the third quarter of 2012.

For  further  information  concerning  Hemaraj  Land  And  Development  Public  Company Limited  (SET  symbol  Hemraj),  please  visit  our  website  at  www.hemaraj.com  or contact us by email at invest@hemaraj.com