WHART gets green light to raise capital for EEC project

By The Nation

 

 

The Securities and Exchange Commission (SEC) has permitted WHA Premium Growth Real Estate Investment Trust (WHART) to raise capital for a sixth time for its Bt3.23-billion built-to-suit project.

 

 

Anuwat Jarukornsakul, CEO and manager of WHART, said the project will enhance property potential in the Eastern Economic Corridor as the centre of logistics in Thailand, and expects to offer investment units within this year.

 

"WHART will invest in a built-to-suit project consisting of approximately 128,789 square metres of buildings for rent and approximately 3,055 square metres of parking spaces for rent on about 120 rai," he said.

 

He said WHART has stable cash flow because tenants in long-term rental agreements with REIT were large multinational companies in various industries.

 

Source: https://www.nationthailand.com/business/30395144

 

-- © Copyright The Nation Thailand 2020-09-26

 

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What sort of regulation is there of REITs in Thailand. They were a popular investment in the US some time back but there were issues with some of the more highly leveraged funds.