16/02/2026
TTT+Partners advises Frasers Property Thailand on acquisition supporting the development of a new EEC industrial estate
TTT+Partners successfully advised advised 𝐅𝐫𝐚𝐬𝐞𝐫𝐬 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 (𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝) 𝐏𝐂𝐋 in connection with the acquisition of all issued and paid-up shares in 𝐍𝐨𝐧𝐠 𝐒𝐮𝐞𝐚 𝐂𝐡𝐚𝐧𝐠 𝐂𝐡𝐨𝐧𝐛𝐮𝐫𝐢 𝐂𝐨., 𝐋𝐭𝐝. (𝐍𝐒𝐂) by 𝐅𝐫𝐚𝐬𝐞𝐫𝐬 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐂𝐨., 𝐋𝐭𝐝., its wholly owned subsidiary, resulting in the company acquiring a 100% equity interest in NSC from the existing shareholders. The total transaction value was ~THB 3.7 billion (~USD 118 million). The transaction was completed on 6 February 2026, following which NSC became a wholly owned subsidiary of the company.
NSC holds over 2,200 rai of strategically located land in Chonburi Province. The acquisition supports the development of a new industrial estate to meet continued demand for high-quality industrial space in the Eastern Economic Corridor (EEC). The transaction aligns with the company’s strategy to expand its industrial and logistics platform within the EEC, a key investment hub attracting both domestic and international capital and serving as an important engine for Thailand’s economic growth.
We advised the client throughout the entire process, including legal due diligence, advising on transaction structuring, drafting and negotiating transaction documents, preparing required disclosures in compliance with SEC and SET regulations, assisting with the shareholder approval process, and advising on completion through to closing.
The team was led by Veeranuch Thammavaranucupt and Arnut Pongprueksa, with support from Thananya Chaikamonsuk, Supitchaya Chanpal, and Veerapattra Mangmee.