Bualuang Office Leasehold Real Estate Investment Trust : Notification of Asset Details and Asset Appraisal Values of Bualuang Office Leasehold Real Estate Investment Trust
August 04, 2022 at 06:22 am EDT
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NO. 1324 / 2022
August 4, 2022
RE: Notification of Asset Details and Asset Appraisal Values of
Bualuang Office Leasehold Real Estate Investment Trust
TO: President
The Stock Exchange of Thailand
BBL Asset Management Company Limited, acting as a REIT Manager of Bualuang Office Leasehold Real Estate Investment Trust ("B-WORK"), would like to inform the asset details and the appraisal values as follows:
True Tower 1
True Tower 2
Appraisal Firm
Nexus Property Consultants Company Limited
Valuation Date
July 1, 2022
Location of asset
No. 18, Ratchadapisek Road,
No. 1252, Pattanakarn Road,
Huai Khwang, Bangkok
Suan Luang, Bangkok
Detail of asset
A 36-storey office building
4 office buildings
with 1 ground level and rooftop
(Gross Floor Area of 41,417 sq.m)
(Gross Floor Area of 63,615 sq.m.)
Appraisal Method
Income Approach
Discount Rate
9.75%
Holding
30-year leasehold rights in land and building
Appraisal Period
25 years 7 months 7 days started from July 1, 2022 until February 7, 2048
Appraisal Value
2,954,000,000 Baht
1,777,000,000 Baht
Investors may request for more details of the appraisal report at BBL Asset Management Company Limited.
Please be informed accordingly,
Sincerely Yours,
(Mr. Pornchalit Ploykrachang)
Deputy Managing Director
QR Code to download the appraisal reports
Real Estate & Infrastructure Investment
Tel. 0-2674-6400 Ext. 561-563
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Bualuang Office Leasehold Real Estate Investment Trust published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 10:20:32 UTC.
Bualuang Office Leasehold Real Estate Investment Trust (the Trust) is a Thailand-based real estate investment trust. The Trustâs objectives are to raise funds from investors and use funds to invest in the leasehold properties by lease and/ or sublease under two projects, including True Tower 1 Project and True Tower 2 Project. The Trustâs main operations are derived from rental and service income from investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The Trust operates in Thailand. The types of investments in its two projects include leasehold rights on land, office buildings and its component parts, including leasable areas, common areas and parking areas tool, fixtures, equipment and utility systems. True Tower 1 Project is an office building consisting of 36 storey with one ground level. True Tower 2 Project operates as the office building for lease to True Group and CP Group companies.
Bualuang Office Leasehold Real Estate Investment Trust : Notification of Asset Details and Asset Appraisal Values of Bualuang Office Leasehold Real Estate Investment Trust
BUALUANG OFFICE LEASEHOLD REAL ESTATE INVESTMENT TRUST 
