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Real Estate Investment – Impact First to Set up REIT in Q4

By on Aug 19, 2013 in Investment-Land, Property News

Impact Exhibition Management, a business unit of the SET-listed Bangkok Land Plc, is to launch the country’s first real estate investment trust (REIT) in the fourth quarter with a size of 20 billion baht to finance Impact Exhibition’s second phase.

Bangkok Land will hold half the REIT,with the rest offered to retail and institutional investors.  The REIT’s unit price has not been finalised, and the fund is still seeking approval from the Securities and Exchange Commission (SEC).

Anant Kanjanapas, the chairman of Bangkok Land, said the company decided to raise funds through a REIT because it can hold half the REIT’s unit trust under SEC regulations. Bangkok Land expects to maintain its 50% stake in the fund for at least five years. To continue reading, visit Bangkok Post.

Source | Bangkok Post 16 August 2013

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