“DTPRM” is proud of the great response from “DTP Hospitality Hotel Real Estate Investment Trust and Leasehold with buyback agreement” or DTPHREIT invests in famous hotels and luxury apartments Close the sale of all units in full. reflect the quality of the MQDC group’s high potential assets, including the condition of the former property owner agreeing to buy back the assets after the end of the 3rd year from the fund’s closing date with the opportunity to receive high returns from 7% per annum, with the aim of buying more assets for the REIT to launch a new fund to serve investors in the 2nd and 3rd quarter of 2023
Ms. Wanida Suksuwan, Managing Director of DTP Global REIT Management Company Limited (DTPRM), a REIT management company subsidiary of DTGO Prosperous Company Limited (DTP) disclosed that “DTP Hospitality Property Investment Trust with agreement to buy back” or DTPHREIT, which has offered the units of the trust It went on 19-23 September 2022 getting great attention and a good response from investors. Most of the investors are ultra-high net worth investors who subscribe through Yuanta Securities (Thailand) and Dao Securities (Thailand) Public Company Limited as distributors. including institutional investors who are interested in subscribing also reflecting the confidence and potential of the property
DTPHREIT Trust has a project value of 4,107 million baht after the sale closes on September 28. The fund has invested Among hotel and serviced apartment properties in high potential locations MQDC (Magnolia Development Quality Corporation Company Limited) has : 1. Invest in sublease real estate rights. and the movable property leasehold right of the Waldorf Astoria Bangkok Hotel project (Waldorf Astoria Bangkok). at Magnolias Ratchadamri Boulevard (MRB) and 3. Invest in ownership of U Khao Yai Hotel Project (U Khao Yai)
A DTPHREIT REIT is a buy-back REIT that has an agreement to sell real estate back to the original owner at the end of the third year at a price equal to the price the REIT invests from the date it REIT investing.
“The Company would like to confidently thank the investors for the very positive response to DTPHREIT. In addition, the original owner of the property (Sponsor) has an agreement to buy back. and have the property owner rent it back for further management, with a fixed rental rate to the REIT for all 3 projects, approximately 217.49 million baht per year, enabling DTPHREIT to have a fixed income and constant. Able to pay returns to unit holders at a fixed rate of 7% per annum, with returns paid to investors quarterly over a period of 3 years, which makes investors interested in investing in DTPHREIT.”
However, DTPHREIT REIT does not list the trust units on the stock exchange. As it is an offering for institutional investors and ultra-high net worth investors, if unit holders want to sell out, they can contact distributors such as Yuanta Securities (Thailand) and DAO Securities (Thailand) Public Company Limited, which are considered secondary. a market in trading for those who want to sell.
“DTPHREIT REIT is considered a pilot to establish a trust from the MQDC Group, which has received a very good response from the market. As a result, the former property owner (Sponsor) has a plan to bring more assets into the group to establish more trusts. At the same time, we also have plans to expand the size of the DTPHREIT trust or issue a REIT buyback fund and issue a trust offered for sale to general investors. expanding opportunities and being an alternative investment choice for investors And it is expected to roll out gradually in the 2nd-3rd quarter of 2023, potentially investing in commercial assets and hotels.”
In this regard, DTPHREIT’s REIT assets are considered assets with very high potential. location and quality And it is an important asset for a group of MQDC companies in the future. The opening of the next fund will also consider investing in high potential assets.
