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Thailand Industry – WHA Corp to raise funds through REIT

By on Aug 22, 2014 in Industrial, Property News

Listed firm WHA Corp, a Thailand-based warehouse developer, plans to raise funds to finance its investment expansion via the launch of its first real estate investment trust (REIT) next year.  The company plans to expand its warehouse space by 167,000 sq m in the fourth quarter, making the total 1.2 million sq m.

WHA Corp president and chief executive Somyos Anantaprayoon said establishing warehouses would be a trend for businesses in the upcoming Asean Economic Community, which would be fully implemented in 2015 and allow a freer flow of trade and investment.

WHA Corp was developing a combined 100,000 square metres of built-to-suit warehouses in Bang Na, and was building a built-to-suit seven-storey office building on Bang Na-Trat Road, which it was slated to deliver in September.

WHA Corp’s current property fund is worth Bt5 billion and is expected to expand to Bt10 billion in December.

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Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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