The "HYDROGEN REIT" established by Saha Pathana Inter-Holding Public Company Limited (SPI) marks its 50th anniversary under the concept of "Commitment, Sharing, Stability." The trust is preparing to offer trust units for investment in warehouses and factories located in Saha Pathana's industrial estates in Sriracha, Kabinburi, Mae Sot, and the Tiger Suvarnabhumi DC in Lat Krabang, totaling four projects valued at no more than 2,845.34 million baht. This initiative aims to provide investment opportunities in quality assets of the company and its subsidiaries, highlighting that the properties are situated in strategic industrial areas and benefit from the recovering economy, boasting a rental occupancy rate of 99% as of Q2/2022.

Mr. Vichai Kulsomphop, President of Saha Pathana Inter-Holding Public Company Limited, revealed that the Hydrogen Freehold and Leasehold Real Estate Investment Trust (HYDROGEN) was established to share investment opportunities in high-potential assets for good and stable long-term returns. The trust will invest in four projects of Saha Pathana, including ownership of land and warehouse buildings at the Tiger Suvarnabhumi DC in Lat Krabang, and a 30-year lease on land, warehouses, and factories in Saha Pathana's industrial estates in Sriracha, Kabinburi, and Mae Sot.

         The company has over 47 years of experience and expertise in developing Saha Pathana's industrial estates, ensuring the potential for continuous good performance of the four projects. Additionally, the industrial business group benefits from the recovery of the domestic economy, the Eastern Economic Corridor (EEC) development policy, and the demand for warehouse and factory space from various industries.

The four projects boast various strengths, including: 1) Strategic locations in industrial areas, with some parts in government-promoted economic zones, allowing for seamless transport connections by sea and air, making them ideal for manufacturing and distribution centers; 2) Warehouses and factories designed and constructed to meet tenant needs, equipped with comprehensive public utilities, including renewable energy systems such as solar power generation and energy storage systems. In 2021, Saha Pathana's industrial estates in Sriracha and Kabinburi received the "Eco Industrial Town" award from the Department of Industrial Works, achieving the highest level 5 Happiness criteria, which is a point of pride for the company; 3) A diverse tenant base across various industries, with most being partners or subsidiaries of Saha Pathana that have rented space for over 10 years; 4) The company’s extensive experience in managing industrial estates ensures continuity in project management and enhances the ability to attract quality tenants through long-standing networks and relationships with partners and allies both domestically and internationally.

            Mr. Piyapong Pinthuprapha, Managing Director of Hydrogen REIT Management Co., Ltd., as the manager of the HYDROGEN REIT, stated that the HYDROGEN REIT benefits from the comprehensive business model of the Saha Pathana group. Some of the assets are located in Saha Pathana's industrial estates with complete infrastructure, and most tenants are partners or subsidiaries of Saha Pathana that have grown alongside Thai businesses for a long time. For example, Lion (Thailand) Co., Ltd., a leading consumer goods manufacturer, and Tiger Distribution and Logistics, a logistics company supporting the transportation of Saha Pathana's products. The assets that the HYDROGEN REIT will invest in include the Tiger Suvarnabhumi DC in Lat Krabang and three other Saha Pathana industrial estate projects, with a total rental area of approximately 118,931 square meters, representing quality assets with continuous tenants. The latest performance results for Q2/2022 show that the Tiger Suvarnabhumi DC in Lat Krabang has an occupancy rate of approximately 99%, while the assets in Saha Pathana's industrial estates in Sriracha, Kabinburi, and Mae Sot have a full occupancy rate of 100%. The tenants come from various industries, including logistics, e-commerce, and consumer goods manufacturing, comprising leading domestic operators as well as foreign companies from Japan, Argentina, China, and South Korea, with most being partners or subsidiaries of Saha Pathana that have been growing alongside Thai businesses for a long time.

Given the strengths and potential of the assets that the HYDROGEN REIT will initially invest in, it is expected to strengthen the occupancy rates of the projects and generate stable and continuously growing returns.

         Mr. Sawit Srisa-arnyapong, Executive of the Investment Banking Group at Kasikorn Bank Public Company Limited, as a financial advisor, stated that the HYDROGEN REIT represents another investment opportunity for investors to participate in the industrial assets of Saha Pathana, one of the largest consumer goods operators in Thailand. This investment opportunity is expected to grow alongside the expansion of the industrial sector and the growth of the domestic economy. The strengths of the assets to be initially invested in include the Tiger Suvarnabhumi DC in Lat Krabang and Saha Pathana's industrial estates in Sriracha, Kabinburi, and Mae Sot, which are located in prime areas with diverse transportation connections, making them suitable for factories and warehouses, and benefiting from Thailand's strategic location in the industrial sector.

With the potential of the assets and the strength of the Saha Pathana group, the HYDROGEN REIT is expected to provide consistent returns for investors. For those looking to invest in assets that generate steady and stable cash flow from dividends, the estimated return rate in the first year is projected to be between 7.0-7.4%, based on the period from January 1, 2023, to December 31, 2023, under the assumption of a trust investment value between 2,745.34 million baht and 2,845.34 million baht.

Initially, the HYDROGEN REIT will invest a total of no more than 2,845.34 million baht, sourced from the offering of trust units not exceeding 2,077.20 million baht, with the remainder financed through loans from financial institutions. Recently, the Securities and Exchange Commission (SEC) has acknowledged the filing request for the offering of trust units and the filing information. Following this, once the SEC approves the request and the filing becomes effective, the date for the trust unit offering will be set, and it is anticipated that the REIT will be listed on the Stock Exchange of Thailand by the end of this year.