KPNREIT has announced its commitment to sustainable growth following its transformation from the KPNPF real estate mutual fund into a full-fledged trust. This change aims to expand investment opportunities and enhance asset management capabilities. There are plans for a major renovation of the KPN Tower office building to meet user demands, as well as to diversify the investment portfolio into other types of real estate in high-potential locations to mitigate investment risks and provide stable returns for long-term investors.

Mr. Rungyot Chanthaphasa, Managing Director of Bluewell Asset Company, stated, "The KPN real estate investment trust, or KPNREIT, is an independent trust established at the end of 2024 from the transformation of the KPN real estate mutual fund, KPNPF. Bluewell Asset Co., Ltd. serves as the trust manager, under the supervision of SCB Asset Management Co., Ltd. as the trustee. This transformation from a mutual fund to a trust aims to allow KPNREIT to expand investments into diverse assets both domestically and internationally, increase fundraising through higher borrowing capacity, and provide easier investment opportunities for both Thai and foreign investors. Furthermore, it aligns with the latest investment trends, as investors are increasingly interested in REITs due to their lower risk compared to stocks while offering growth potential and high average returns even in volatile economic conditions. Additionally, they provide returns in the form of regular dividends and capital gains. In 2024, the trust had net assets from operations valued at 1,674.83 million baht, reflecting financial stability and potential for future investment expansion."

Reinforcing Strengths Alongside Investment Base Expansion for Growth

Currently, the main asset of KPNREIT is the KPN Tower office building, valued at 1,620 million baht. The project is located on Rama IX Road, one of the highest-value business locations in Bangkok, connecting to major road networks and close to several expressways, equipped with modern amenities. It has gained the trust of over 65 leading tenants from various industries. For the operational plan in 2025, KPNREIT aims to enhance the competitiveness of the KPN Tower office building by updating the project's image to align with the latest lifestyle of building users, targeting a more diverse tenant base, and preparing for the operation of the Orange Line subway in 2026, which will promote business growth in the surrounding area, particularly for small to medium enterprises (SMEs), leading to increased demand for office space in KPN Tower.

"In addition to enhancing the main asset's potential, KPNREIT also plans to invest further in various types of real estate, including warehouse and factory buildings, distribution centers, and self-storage spaces, to expand revenue sources, reduce dependence on any single type of business, and diversify risks. The focus will be on properties located in economic corridor areas, as well as logistics and transportation hubs in Thailand. With a flexible and modern investment strategy, alongside the highest standards of business management, KPNREIT is ready to reinforce confidence and provide sustainable returns for all investors," Mr. Rungyot concluded.

For more information, please contact https://www.kpnreit.com/th/home