WHART Trust closes the transfer assignment to receive the assets at the end of the year. Investors flock to oversubscribe to raise capital – Hoonsmart

HoonSmart.com >> WHART Trust boosts success The eighth capital increase was completed successfully, with existing shareholders exercising their subscription rights more than expected. Institutional investors – in general, are oversubscribed. Demonstrating confidence in the potential of the property, it raised the expected return by 0.79 baht per unit with a return level of 8.23%, announcing this move to strengthen its position as the largest industrial real estate investment trust in Thailand.

Mr. Anuat Jarokornsakul, CEO of WHA Real Estate Management Company Limited, in his capacity as REIT Manager of WA Real Estate and Leasehold Real Estate Investment Trust, revealed that CH Premium Growth (WHART Trust) has transferred the assets of 3 projects with a gross leasable area of ​​142,896. sq.m., consisting of 1. WHA Mega Logistics Center Theparak project, Km 21 is a warehouse format. Compact and Public Warehouse 2. The WHA Mega Logistics Center Laem Chabang 1 project is a public warehouse style warehouse and 3. WHA Mega Logistics KS Center Bangna-Trad KM.23 Project 3 is a general warehouse and factory, entering the port on December 25. As a result, the total value of WHART Trust's assets reached 55,000 million baht, with the rental area under management increasing to approximately 1.89 million square metres. The surface rental area is 487,243.29 square metres, strengthening its position as the largest industrial REIT in Thailand.

Mr Anuat said that as a REIT manager, WHART would like to thank all unit holders and investors. Giving a good response, WHART Trust itself has continuously grown its operations. It has always paid interest to trusted unit holders at a fixed rate. After this additional investment the trust will have a larger asset size. Their income will increase and as a result, their estimated compensation payments will increase accordingly. The compensation payment was estimated to be equivalent to 0.79 baht per unit for the forecast period from January 1, 2024 to December 31, 2024 as specified in the prospectus. The expected yield (dividend yield) is 8.23% at the final offering price of additional trust units of 9.60 baht, which fully meets the needs of investors who want stable returns in the long term, especially during periods of market volatility.

“Such a success demonstrates confidence in the potential of WHART Trust after the Trust is open to sell additional Trust Units for the eighth time to existing Trust Unitholders. Between December 1, 4, 6 and 8, 2023, while general investors are open to subscribe between December 13, 15 and 18, 2023 at the offering price of 9.60 baht. , which has received a very good response from existing and new investors. It reflects the confidence in WHART Trust that it can deliver attractive returns to investors. Because each invested project is located in important logistics locations of the country such as Bangna-Trad and EEC, and has a stable group of tenants. It has the capacity On the growth” this can be seen from the logistics service provider group (third party logistics) and the manufacturer group (manufacturer). As a result, the Fund will recognize income from investments that will grow and be stable in the future. Mr Anoat said