Ticon Freehold and Leasehold Real Estate Investment Trust completed the acquisition of 4 factory buildings with leasable area of 12,400 square meters from Frasers Property Industrial Company Limited.
September 22, 2021
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Ticon Freehold and Leasehold Real Estate Investment Trust (SET:FTREIT) agreed to acquire 4 factory buildings with leasable area of 12,400 square meters from Frasers Property Industrial (Thailand) Company Limited for THB 800 million on July 27, 2021. The transaction has been approved by the Executive Committee. The transaction is expected to close on September 30, 2021. The proceeds will be used to fund other investments and/or debt repayment.
Ticon Freehold and Leasehold Real Estate Investment Trust (SET:FTREIT) completed the acquisition of 4 factory buildings with leasable area of 12,400 square meters from Frasers Property Industrial (Thailand) Company Limited on September 23, 2021.
Frasers Property Thailand Industrial Freehold & Leasehold REIT is a Thailand-based real estate investment trust (REIT). The Trustâs objectives are to raise funds from general investors and to use the proceeds from such fundraising to acquire, lease and/or sub-lease of immovable properties. The Trustâs investment portfolio is comprised of factories and warehouses, which are located in key industrial areas of Thailand, such as Ayutthaya, Pathum Thani, Chonburi, Rayong, Samut Prakan and the Eastern Economic Corridor (EEC). It serves industries, such as automotive, logistics, electronics, retail, and e-commerce industries. Frasers Property Industrial REIT Management (Thailand) Company Limited acts as the REIT Manager, BBL Asset Management Company Limited acts as the Trustee, Frasers Property Industrial (Thailand) Company Limited is hired as the Property Management and Thailand Securities Depository Company Limited acts as the Trust Registrar.
Ticon Freehold and Leasehold Real Estate Investment Trust completed the acquisition of 4 factory buildings with leasable area of 12,400 square meters from Frasers Property Industrial Company Limited.