From proven performance to growth phase

SCX Corporation, the asset management arm of SC Asset Corporation, is expanding its warehouse business in Thailand to capitalize on the country's logistics growth. CEO Rachod Nantakwang believes logistics and warehouse development present a strong opportunity within SCX's recurring-income portfolio, bolstered by demand from e-commerce, manufacturing, data centres and other industries requiring strategic locations.

SCX Logistics has grown from its first 16,000-square-metre project in Nakhon Sawan to approximately 200,000 sq m across its portfolio, with a target of 1 million sq m by 2029.

The company has focused on strategic locations that support customer growth and supply chain efficiency. So far, SCX Logistics has served both Thai and international companies across various sectors, including manufacturing, logistics, retail and data centres. The portfolio now includes 22 tenant companies from 10 nationalities across seven locations, all of which value efficiency, flexibility and trust.

SCX approaches warehouse development as a business solution rather than just a property product. The company's core principles are Efficiency, Flexibility and Trust. Efficiency entails designing buildings to maximize the use of every square metre, reduce operating and transportation costs. Flexibility allows buildings to be adapted for different uses, while Trust is achieved through reliability, transparency and long-term relationships.

SCX Logistics' flagship project, Bangna KM20 in Samut Prakan, reached full occupancy. This project exemplifies SCX's ability to convert market demand into leasing commitments. Its occupancy rate is above 95%, with contracted occupancy potentially exceeding 100% due to pre-leases from developed built-to-suit projects.

The company's expertise extends beyond physical warehouse development. SCX Logistics applies design and engineering knowledge to understand tenants' needs, including layout, loading areas, transportation flows, energy requirements and future expansion. This approach, rooted in SC Asset's more than four decades of property development experience, has proven effective in the logistics sector, where occupiers increasingly consider total operating costs rather than just headline rent.