The meeting of the trust unit holders of the ‘AIMCG’ trust has approved the management of the outstanding debts of D-Land Property Co., Ltd. through the transfer of ownership of the Porto Chino project to address the existing debt situation with the trust.

Mr. Jaratsrit Atthawetthayawut, Chief Executive Officer of AIM Real Estate Management Co., Ltd., which manages the AIM Commercial Growth Real Estate Investment Trust (‘AIMCG’), revealed that the first meeting of the trust unit holders for the year 2025, held on July 29, 2025, approved the management of the outstanding debts of D-Land Property Co., Ltd. or ‘D-Land’ towards the AIMCG trust by transferring ownership of the Porto Chino project from D-Land, in which AIMCG currently has invested in leasehold rights. The leasehold has approximately 29 years remaining, including ownership of the parking building currently owned by D-Land.

The transfer of ownership of the Porto Chino project assets under this management plan not only addresses D-Land's outstanding debts that have persisted since the Covid-19 pandemic but also enhances the agility and efficiency in managing the Porto Chino project fully. After the management plan is executed, the Porto Chino project assets held by AIMCG will be freehold.

Mr. Thanadech Opasayanon, Managing Director of AIM Real Estate Management Co., Ltd., further stated that the transfer of ownership of the Porto Chino project assets will not only increase the proportion of freehold assets within AIMCG but also allow AIMCG to benefit from the Porto Chino project in the long term. This is because the asset holding structure will change from a leasehold with a specified term to freehold, making AIMCG the owner of the entire Porto Chino project, thereby generating long-term returns for the trust unit holders. Additionally, it enhances opportunities and capabilities for raising funds through loans from commercial banks or financial institutions, which supports the potential for further investments in additional assets by AIMCG in the future.