Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

PR Today

Home >> Press Release

SET welcomes “AIM Industrial Growth REIT” as  first IPO of 2018

BANGKOK, January 8, 2018 - The Stock Exchange of Thailand (SET) will list AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust worth THB 1.55 billion (approx. USD 46.97 million) on January 9, 2018, under the ticker symbol " AIMIRT".
 
SET Senior Executive Vice President Santi Kiranand said that AIMIRT will be listed and start trading under Property & Construction industry, Property Fund & REITs sector, on January 9, 2018. AIMIRT has initially invested in the freehold of the immovable assets (such as land, cold storage buildings and warehouses), and movable assets in cold storages of JWD Infologistics pcl's group as well as immovable assets (such as land and warehouses) in TIP 7 project of TIP Holding Co., Ltd. (TIP).
 
AIMIRT offered 155 million units at THB 10.00 each, for a total of THB 1.55 billion, to the group of sponsors and/or concert parties, sponsors’ patronages, institutional investors and underwriters’ patronages during December 15 and 18-20, 2017. AIM REIT Management   Co., Ltd. is its REIT Manager. SCB Asset Management Co., Ltd. is its trustee. Maybank Kim Eng Securities (Thailand) pcl and Krungsri Securities pcl are its underwriters, while Maybank   Kim Eng Securities (Thailand) pcl and Bank of Ayudhya pcl are its financial advisors.
 
AIMIRT has initially invested in the leasehold rights of immovable assets such as lands, cold storage buildings and warehouses and movable assets in cold storage in four projects namely Pacific Cold Storage, JWD Pacific, Datasafe and TIP 7 projects, with a combined leasable area of approximately 58,559 sq.m., average building age of 3.26 years (as of June 30, 2017) and 100 percent occupancy rate.
 
AIM REIT Management Chief Executive Officer Amorn Chulaluksananukul said AIMIRT has initially invested in the 100 percent stake of cold storage and warehouse located in Thailand’s strategic locations that are hubs for transportation,  production, seafood product distribution and processing food, well-situated near Suvarnabhumi Airport and Laem Chabang Deepsea Port. JWD Infologistics pcl’s group will lease back cold storage and warehouse assets in Pacific Cold Storage (PCS), JWD Pacific (JPAC), and Datasafe projects from AIMIRT for its warehouse and storage business operations for 10 years, with an option to renew contract of PCS and JPAC projects for two terms of 10 years each. In addition, TIP has also made an agreement to guarantee annual rental and service fees on a quarterly basis for the first three years to support any shortfall from revenue projection. This would ensure that the REIT will generate stable revenue and provide opportunity of good and steady returns in the long run for unit holders.
 
AIMIRT's dividend policy is to pay quarterly at no less than 90 percent of the adjusted net profit of its financial year. AIMIRT's major unit holders after its IPO are JWD Infologistics pcl (10.00 percent), Kraisakdawat Family (7.29 percent), and Thai Life Insurance pcl (6.92 percent).
 
For more information on AIMIRT, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th  ; and for general information, please visit  www.aimirt.com , as well as www.set.or.th .
 
“SET… Make it Work for Everyone”
 
Members of the media please contact the Media Relations Unit, Corporate Communications Dept.: Darawan Maleesri tel: +66 (0) 2009 9484 / Arada Kultawanich tel: +66 (0) 2009 9483 /Kanokwan Khemmalai  tel: +66 (0) 2009 9478.

 

 

 

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                        January 10, 2018 
• Delinquent loan rate continues to rise Subcribe: Asean Affairs Global Magazine
• More Filipinos optimistic life, economy will improve in 2018 Subsribe Now !
2025 maritime industry and trade development plan approved
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

Employers required to pay more into NSSF for workers
G-bonds worth over $7 billion issued in 2017
Asean Analysis                  October 27,  2017
• Asean Analysis October 27, 2017
Southeast Asia from Scott Circle: Indonesian Presidential Politics Begins to Heat Up 18 Months before Elections
Advertise Your Brand

Asean Stock Watch   January 9 ,  2018

• Asean Stock Watch-January 9, 2018
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com