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Research Centre
17 Mar 10
Thailand Investment MarketView Q4 2009
Thailand Investment MarketView Q4 2009
There was an increase in the number of building transactions in Q4 2009. The most notable transactions were TPARK LOGISTICS PROPERTY FUND (TLOGIS) and CIMB Thai Bank. TPARK LOGISTICS PROPERTY FUND (TLOGIS) bought 15 warehouses with usable area of 70,731 square meters from Ticon industrial PLC, for THB 1.53 billion. According to a company report to the Stock Exchange of Thailand, CIMB Thai Bank sold its office building on North Sathorn Road for THB 1 billion to an unknown buyer. TCC Land bought the Peugeot office building on Surawong Road for THB 800 million according to the Prachachart Turakij newspaper. Pacific Star International (Thailand) announced that had sold 8 penthouses at The Sathorn Gardens condominium development covering 3,700 square metres to a single investor for around THB 100 million.
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