Origin Property has launched a condominium, mixed-use development and an industrial property platform via joint venture partnerships during the second half of this year. The developer continues to seek out new partners as part of its Origin Next Level business strategy.
In August, the homebuilder announced One Phayathai, a massive mixed-use project that will contain a luxury condominium, two hotels and commercial space. Origin Property is teaming with Japan-backed Tokyu Land Asia on the development.
“Tokyu Land Asia is our significant partner due to its strengths in capitals, know-how technology and fruitful experiences in property development across Japan and Southeast Asia. Importantly, it has shared the same vision with us to create the best ecosystem for our residents. This collaboration will enable both companies to share knowledge related to sustainable development and environmentally-friendly design,” Khun Peerapong Jaroon-ek,Chief Executive Officer at Origin Property, explained.
Meanwhile, Origin Property is partnering with another Japanese firm, Nomura Real Estate, on Origin Plug & Play Ramkhamhaeng Triple Station, a condominium targeting the Gen Y and startup market. This is the 11th joint venture project between the two companies.
The most ambitious move from Origin Property may be its entry into the logistics space via a new joint venture with JWD InfoLogistics. Dubbed Alpha Industrial Solutions, the partners have set ambitious targets for the new company.
“This collaboration will create a synergy to serve demand from both B2B and B2C customers. We are confident that our strengths will turn ALPHA into a listed company within 2025 and become one of the top three companies in this business within five years,” Khun Peerapong said.
According to the partners, they are set to focus on cold storage, healthy products, chemical and dangerous goods and automation. The first project from Alpha will be located in the Bangkok suburb of Bangna with work having begun in the second quarter of this year.