Future Park Leasehold Property Fund : Asset Details
August 15, 2022 at 08:03 am EDT
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1. Fund's Asset
Type of Asset
Location
Appraisal Value
Date of Valuation
Leasehold period
Appraiser
Discount Rate
Valuation Method
Remark:
Future Park Leasehold Property Fund
Details of Asset
To invest in Leasehold rights (partially spaces) of Future Park Rangsit Shopping Center, the leasehold period will be ended on December 31, 2041 which included;
Leasehold rights on rental spaces of Future Park Rangsit Building, the total area of 56,822.26 square meters.
Right to use the common area of 48,791.00 square meters which can be generated rental income not less than 8,709.92 square meters.
Right to use partially spaces of exterior wall of Future Park Rangsit Building for seeking the benefits.
Leasehold right over retail shopping center of Future Park Rangsit Building
No.94 Phaholyothin Road, Tambon Prachathipat, Amphur Thanyaburi, Pathum Thani Province
THB 5,825 Million
As at June 27, 2022
Approximately 19 years
CBRE (Thailand) Company Limited (CBRE)
11.00%
The appraiser utilized income approach method in assessing the market value of properties as it's able to generate rental income. The appraiser used income method by forecasting the future operating income and expenses over the holding period and calculated the net present value of asset by discounted cash flow. (Holding period started from the date of valuation to December 31, 2041).
The Fund has appointed the independent appraiser to revalue the Investment Property invested by the Fund on annual basis and review by quarterly, the appraiser applied the income approach method which the assumptions were reflected by the current information and related risk factors on the discounted cash flow model.
Investors may request for more details regarding the use of assumption on appraisal report at the Asset Management Company.
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Disclaimer
Future Park Leasehold Property Fund published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 12:02:26 UTC.
Future Park Leasehold Property Fund (the Fund) is a Thailand-based closed-end property fund. The Fundâs stated objective is to seek funds from investors, invest mostly in property or property leasehold rights, and generate benefit from such property. The Fund invests in the leasehold rights of certain areas of Future Park Rangsit shopping center, comprising of shops and all common areas in the shopping center including outside areas. Its investment portfolio is Future Park Rangsit, which is a lifestyle shopping mall in Northern Bangkok. The mall consists of two department stores, including Central Department Store and Robinson Department Store and one supercenter, Big C Supercenter. The mall also includes Major Cineplex, a kid theater; two branches of Power Buy; two branches of Super Sport; two branches of B2S; FITTNES FIRST; and TOPS SUPERMARKET. The Fundâs manager is BBL Asset Management Company Limited. Rangsit Plaza Company Limited acts as the Property Manager.
FUTURE PARK LEASEHOLD PROPERTY FUND 