Hemaraj Leasehold Real Estate Investment Trust (SET:HREIT) agreed to acquire the Leasehold right of 5 units of lands, factory buildings and warehouses from WHA Industrial Development Public Company Limited for a transaction value of THB 1.4 billion on May 14, 2020. The transaction will be fundedthrough the issuance and offering of additional trust units at the amount not exceeding approximately 140 million units or the additional loan at the amount not exceeding approximately THB 650 million or both. The transaction is subject to the approval of the Trust Unitholders of Hemaraj Leasehold Real Estate Investment Trust and is expected to complete on June 23, 2020.

Baker Tilly Corporate Advisory Services (Thailand) Ltd. acted as financial advisor to Hemaraj Leasehold Real Estate Investment Trust in the transaction.