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Earn Estate Show Potential "SPRIME" Trust



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November 26, 2018


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Invest in Sun Towers office rental rights for 30 years, the strategic location of the business district. High growth opportunities.

Singha Estate, the most important real estate developer in Thailand. Launches a Trust for Investments in the Housing Property Fund "SPRIME" is the first investment in the lease of the Sun Towers office building for a period of 30 years, the investment limit does not exceed 5,717.5 million baht, the property being located near the Ladprao intersection. The location links the mass transport system, business district, retail and residential projects. The rental rate on August 31, 2018 was 95.1%

Mister. Naris Cheyklin, Chief Executive Officer of Singha Estate Co., Ltd. (Company) Real Estate Investment and Investment Company of Thailand announced that it has launched a new investment fund in the real estate investment property, SPRIME. First of all, the lease of some land and office space. Meeting room Fitness center Common area Parking and the solar tower system are 30 years old and they are investing in property rights related to the operation of the Sun Towers at Max Future Company Limited, a subsidiary of Bumrungrad Hospital. Sing Sing Estate

Sun Towers is a unique rental location. Located in the center of the Ladprao intersection. On the Vibhavadi Rangsit Road This is an important access point for mass transportation, business, retail and residential condominiums. It is about 800 meters from MRT Chatuchak Station and MTS BTS Skytrain Station and is close to the Chalerm Mahanakorn Highway. (Point to go down From Daeng) and up – down Don Muang Tollway raised. It is also close to important places such as Mo Chit Bus Terminal. Chatuchak Park Ladprao Central Center Bang Sue Central Center under construction In the future, there will be a great intersection with potential as an ASEAN rail transit hub. It is also close to Sun Plaza Plaza, a large retail and food center that is popular for both the workforce and the neighboring people.

"Sing Estate has set up its first trust fund to invest in Sun Towers, a high-quality office located in a good location near the Ladprao intersection, and there are now many commercial real estate projects and housing. also the developer of Singha Complex project Luxus Mix Asoke in the district also will be a good sign for prospective investors in the future, "said Naris.

Ms. Thitima Rungkwansiriroj Chief Financial Officer, Singha Estate Co., Ltd. Director of Max Future Limited As a real estate executive, Sun Towers consists of 2 buildings, 32 A floors, 40 floors B and a one-storey basement. The bases of the two buildings are connected. There are approximately 118,828 square meters of useful area of ​​the Trust, of which 62,850 square meters for office space and 944 square meters for the condominium. The building was renovated and maintained. In good condition, the tenant's trust.

As of August 31, 2018, the occupancy rate of the sun was 95.1%, and the average rental and service charge was 572 baht per square meter. The total number of 62 tenants is largely a large one in Thailand and abroad, with a wide range of businesses such as finance, investment and insurance. The electronics industry has diversified the business risks of tenants.

Mister. Ketakorn Khemthorn, General Manager, Esree Management Co., Ltd. As a trusted manager, the overall performance of SPRIME Trust is strong. The first investment in the SPRIME trust is of high quality. This is because average rental rates have increased each year over the last 3 years (2015-2560) and are still in a convenient location. It is close to Don Mueang International Airport and several subway lines. Both are currently open and under construction. It is strategically located in the Bangkok area. The North has great potential for growth in the future.

Mr. Supachai Boontherawara, executive vice president, KASIKORNBANK PCL. Capital Market Capital Market Krung Thai Bank Public Company Limited As a financial consultant, the initial investment of SPRIME will not exceed Bt 5,717.5 million. The loan will come from loans of Bt 1.350 million and loans not exceeding 4.476 million Bt. Baht 10 per unit or no more than 446.75 million units by the Singha Estate Group and / or the same group. It is necessary to invest not less than 15% of the total number of issued and offered trusts. This will help ensure investor confidence.

He also named Max Future Co., Ltd., a Singh Estate Co., Ltd. group with experience in managing the office building for the Singha Estate Group to manage the assets that the investor will invest for the first time. This will contribute to the confidence in building management and the future performance of the property, which will keep the occupancy and rent at a satisfactory level for the benefit of the trustee.

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