BANGKOK, April 18 WHA Corporation Pcl,
Thailand's biggest warehouse developer, is expected to beat its
2017 target for land sales at its industrial parks after a
strong first quarter, its top executive said on Tuesday.
The company has already sold 600 rai (237.2 acres) of land
in the first quarter of this year, about 43 percent of the whole
year's target of 1,400 rai, Jareeporn Jarukornsakul, group chief
executive, told Reuters.
Last year, it sold 830 rai of land worth 2.43 billion baht
WHA is in talks to sell land to several investors from
China, Japan and Europe, and expects to concludes deals in the
middle of the year, Jareeporn said.
Last year, WHA acquired Hemaraj Land and Development,
Thailand's biggest industrial estate developer, which operates
nine industrial parks with a combined area of 46,434 rai - eight
of them in eastern Thailand.
($1 = 34.37 baht)
(Reporting by Wirat Buranakanokthanasan; Writing by Orathai
Sriring; Editing by Gopakumar Warrier)