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Thailand REITs
Home Products Center / HomePro - (Thailand Retail HMPRO)
Monday, 13 January 2014 04:33

In mid-2013 Home Products Center or “HomePro” announced plans to spin-off 3 of its shopping mall properties into a REIT, expand into Malaysia, and launch its new low-cost Mega Home brand aimed at the wholesale and retail construction, improvement, renovation and finishing materials sectors. It was established in 1995 (listed 2001), as a JV between Land & Houses Grp, American International Assurance, and the Sarasin family with one property but has grown its portfolio to about 40 of which 19 are in Bangkok (plus distribution centres), which carry a 60k product range and 10 “in-house” brands (2014).

HomePro Website

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Last Updated on Monday, 13 January 2014 04:52
 
CP Tower Growth Leasehold Property Fund - (Thailand Office & Retail CPTGF)
Monday, 13 January 2014 03:08

In late-2013 the CP Land launched the CP Tower Growth Leasehold Property Fund, raising Bt10bn/USD$300m at IPO with a 132k sqm office & shopping centre portfolio comprising 30-year leasehold interests in the CP Tower I (offices in Silom), CP Tower II / Fortune Town (a lifestyle / IT mall building with offices above on Ratchadaphisek, Bangkok's 'Fifth Avenue'), and CP Tower III (on Phayathai with a direct skywalk link leading to the BTS and Airport Rail Link stations), in strategic CBD locations close to the BTS, MRT and Airport Rail Link train networks in downtown Bangkok’s Silom, Ratchadaphisek-Phra Ram 9 and Phayathai. The properties are managed by CP Land, and the fund by KTAM / Krung Thai Asset Management. CP Land is a member of the Charoen Pokphand Group (est 1921), a Thai multi-national conglomerate with core businesses in agro-industry & food, retail and telecommunications, with interests in 15 countries and an annual turnover of approx USD33bn.

Bloomberg Chart Link

CP Group Website

CP Land Website

Last Updated on Monday, 13 January 2014 03:46
 
Thai Hotel Investment Fund - (Thailand Hotels & Resorts)
Monday, 13 January 2014 02:52

In late-2013 the Thai Hotel Investment Fund (sponsored by a real estate firm controlled by billionaire Charoen Sirivadhanabhakdi), announced that it was delaying its Bt25bn/USD$780m IPO (down from an original Bt32bn/USD$965m), due to unfavourable market conditions, with planned portfolio comprising 12 hotels in Bangkok, Phuket, Chiang Mai, and Koh Samui. The fund manager is Krung Thai Asset Management / KTAM.

Last Updated on Monday, 13 January 2014 02:55
 
Hemraj Industrial Property and Leasehold Fund - (Thailand Industrial HPF)
Monday, 13 January 2014 02:04

In late-2013 the Hemraj Industrial Property & Leasehold Fund / HPF announced plans to raise Bt4.7bn / USD$140m at IPO to acquire a 150k sqm portfolio of industrial facilities comprising Bt3.22bn/USD$100m freeholds & Bt1.48bn/USD$40m leaseholds: 7 ready-built factories at the Hemraj Chonburi Industrial Estate; 23 ready-built factories at the Eastern Seaboard Industrial Estate in Rayong; 17 ready-built factories at the Hemaraj Eastern Seaboard Industrial Estate; and 30 yr leasehold interests over 12 ready-built factories at the Hemraj Chonburi Industrial Estate; 33 ready-built factories at the Hemraj Eastern Seaboard Industrial Estate in Rayong; 2 ready-built factories at the Eastern Seaboard Industrial Estate; and 10 ready-built factories at the Hemraj Saraburi Industrial Estate. Hemaraj has developed 7 industrial estates (6 along the Eastern Seaboard and 1 in Saraburi province), covering 39k rai / 6,300he with 750k sqm of ready-built factories and logistics parks. It is managed by MFC Asset Management.

 

Hemaraj Website Link

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MFC Website

MFC Email Link

Bloomberg Chart Link

Last Updated on Monday, 13 January 2014 02:38
 
Impact Exhibition Management - (Thailand Other IMPACT)
Monday, 13 January 2014 01:18

In mid-2013 Impact Exhibition Management (a Bangkok Land subsidiary), announced its plans to convert into Thailand’s first true REIT, the Impact Growth REIT, with a portfolio comprising the Impact Exhibition Centre in northern Bangkok’s Muang Thong Thani (one of the largest exhibition centers in South East Asia), the Impact Challenger Hall, Impact Forum, Impact Arena, and P2 car-park. It planned to raise approx Bt20bn / USD$640m and use half to build the Impact II expansion project, with a new exhibition and convention centre, hotel, condominiums & shopping mall on 500 Rai / 80he at Impact Lakeside. Bangkok Land would keep 50% for at least 5 years. Impact Exhibition Management is the Property Manager, RMI (a wholly owned subsidiary of Impact Exhibition Management), the REIT Manager, and Kasikorn Asset Management the Trustee.

Impact Website

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Bloomberg Chart Link

 

Last Updated on Monday, 13 January 2014 01:59
 
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