WHAIR Trust proceeds to sell additional units Existing unit holders are preparing to exercise their right to subscribe for trust units between December 2,6-9 at the ratio of 1 existing trust unit to 0.1303 new trust units. while general investors Subscription between 14-16 December, this year, the highest bid price does not exceed 7.20 baht per unit.
On November 29, 2022, Ms Jarucha Simanon, Managing Director of WHA Industrial REIT Management Company Limited, as REIT Manager of WH.A Industrial Leasehold Property Investment Trust (WHAIR Trust) revealed that WHAIR Trust is preparing to offer additional trust units within December this.
The existing trust unit holders can exercise the right to subscribe. Between 2 and 6-9 December at the ratio of 1 existing trust unit per 0.1303 additional trust units issued and offered for sale while general investors can be subscribed between December 14-16 this year. The highest offer price is not more than 7.20 baht per unit The final offer price will be published again on the website of the Stock Exchange of Thailand.
For this capital increase from the WHAIR Trust, it will be an investment in additional leasehold rights from WHA Group in Ready Built Factory and Ready Built Warehouse for a period of 30 years and the right to renew the leased Property contract for a further 30 years, and a total of 14 houses from 7 projects, no more than 1,345.89 million baht, a total area of 48,186 square meters.
It is owned by 3 companies under WHA Group, Thailand’s number one industrial estate developer. However, after the investment is completed It is expected to be at the end of 2022, which will result in the total asset value of WHAIR reaching over 13,000 million baht and the rental area under management will increase to 428,818 square meters.
Additional assets invested in this time include:
1.) WHA Eastern Seaboard Company Limited Industrial Estate Co, Ltd is a prefabricated factory building, 1 building and 3 prefabricated warehouses within the WHA Industrial Estate project. East Coast 1 (WHA ESIE 1) and WHA Logistics Park 2 (WHA LP 2)
2.) WHA Industrial Building Co, Ltd is a prefabricated factory building, 3 units and 4 warehouses within the industrial estate project. East Sea (Rayong) (ESIE), WHA Chonburi Industrial Estate 1 (WHA CIE 1), Kabin Hi-Tech Industrial Estate (KABIN), WHA Logistics Park 1 (WHA LP 1) and WHA Logistics Park 4 Project (WHA LP 4)
3.) Eastern Seaboard (Rayong) Co, Ltd Industrial Estate is a 3-unit prefabricated factory building within the East Seaboard (Rayong) Industrial Estate (ESIE) project.
Mr. Sawit Srisaranyapong, Kasikorn Bank Investment Banking Business Group Executive As a financial advisor and unit trust underwriter, WHAIR said that WHAIR’s current subscription of capital gain units is confident that it will be well received by investors.
Because WHAIR REIT is unique as the assets invested are located in the heart of the industry. and an important manufacturing center in Thailand Most of the areas are located in the Eastern Economic Corridor (CEE), including quality tenants in potential industries with appropriate distribution.
However, after additional investment a REIT will have a larger asset. And have more income, leading to higher distribution estimates, with an estimated distribution of compensation at the level of 0.64 baht per unit, referring to the profit and loss statement and distribution distribution according to the scenario for the year from January 1, Wednesday 2023 until December 31, 2023, or an estimated return of 8.9%.
In addition, the additional assets that WHAIR has invested in this period are almost all located in the Eastern Special Development Zone (EEC), which is the industrial economic zone of Thailand supported by the government and it has foreign investments covering the New S Curve industry which will be the future industry of Thailand. Therefore able to attract Thai and foreign investors as well Therefore, WHAIR Trust is considered a good alternative for investment with good returns. and have the opportunity to grow steadily together with the EEC