CPNREIT has successfully increased its capital and extended the contract for the Central Pinklao project. The expected return rate is approximately 10%, reinforcing its position as the largest trust fund in Thailand.

Ms. Patmika Pongsuraymas, CEO of CPN REIT Management Co., Ltd., as the manager of the CPNREIT, revealed that the offering of additional trust units to existing unit holders and the general public from April 23 to April 29, 2024, received a positive response and was successful as anticipated. CPNREIT issued and offered a total of 1,053 million additional trust units at the final offering price of 10.20 baht, raising a total of 10,741 million baht in additional capital. Along with some loans from financial institutions, this capital will be used to invest in extending the lease rights for the Central Pinklao project for another 15 years, valued at a total of 12,161 million baht, completed on May 8, 2024.

As the manager of the CPNREIT, we would like to thank all unit holders and investors for their support in this capital increase. The new trust units will begin trading on May 10, 2024. Following this additional investment, CPNREIT will have larger assets and a greater market capitalization, while maintaining a continuous growth in performance. This will result in an estimated distribution of benefits equal to 0.525 baht per unit for the second half of 2024 and 1.14 baht per unit for the performance of 2025, as stated in the prospectus. The anticipated yield is at 10% based on the final offering price, which meets the needs of investors seeking stable long-term returns, especially during volatile market periods.