C P Tower Growth Leasehold Property Fund : Details of Asset as of June 30,2022
August 05, 2022 at 08:56 am EDT
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C.P. Tower Growth Leasehold Property Fund
Details of Asset
As of June 30, 2022
Tpye : Office and Retail
No.
Building
Details in Property / Location
C.P. Tower 1 (Silom) 1. The Fund invest in Leasehold right of 2 plots of land : Title deed No. 557 and 2587 Located on 313 Silom Road, Silom Sub-District, Bangrak District, Bangkok 10500 from C.P. Land Public Co., Ltd.
The Fund invest in Leasehold right of C.P. Tower 1 (Silom) which is a building utilized as office and retail that comprises 29 floors and 1 underground floor with the car parking service 881 lots.
The Fund invest in the Leasehold rights of other related properties and facility system of C.P. Tower 1 (Silom) and also purchase of tools, and related machinery necessary for the utilizing of the Tower.
2
C.P. Tower 2
1.
The Fund invest in Leasehold right of 10 plots of land : Title deed No. 13243, 3106-3110, 3112, 3114, 3116 and 3117
(Fortune Town)
Located on 3, 5 and 7 Rachadaphisek Road, Dindaeng Sub-District, Dindaeng District, Bangkok 10400 from C.P. Land Public Co., Ltd.,
2.
The Fund invest in Leasehold right of C.P. Tower 2 (Fortune Town) which is a building utilized as office and retail that comprises 30 floors, 1 underground floor
with the car parking service 2,766 lots and a power control building.
3.
The Fund invest in the Leasehold rights of other related properties and facility system of C.P. Tower 2 (Fortune Town) and also purchase of tools,
and related machinery necessary for the utilizing of the Tower.
3
C.P. Tower 3
1.
The Fund invest in Leasehold right of 2 plots of land : Title deed No. 9355 and 9356 Located on 34 Phayathai Road, Tung Phayathai Sub-District,
(Phayathai)
Rachthevi District, Bangkok 10400 from C.P. Land Public Co., Ltd.
2.
The Fund invest in Leasehold right of C.P. Tower 3 (Phayathai) which is 3 buildings utilized as office and retail that comprises 15 floors, 1 underground floor
for Tower A, 7 floors for Tower B and 5 Floors for Tower C with the car parking service 320 lots.
3.
The Fund invest in the Leasehold rights of other related properties and facility system of C.P. Tower 3 (Phayathai) and also purchase of tools,
and related machinery necessary for the utilizing of the Tower.
Remark
The Fund invest in Leasehold right of Land, Buliding and other related properties and facility system , lease term 30 years.
Land Size
Total Area
(Rais)
(sq.m.)
3-1-3
91,664.00
15-3-3.8 194,655.35
4-0-0 29,656
Appraised Value / Income Approach Method
Asain Engineeing Valuation Co.,Ltd.
Valuation Dated : June 30, 2022
Appraised value (Million
Baht)
Discount Rate
(Review)
3,871
10.00%
Discount Cash flow for 21 years 5 months
period from 30 June 2022 to 3 December 2043
4,66910.00% Discount Cash flow for 21 years 5 months
period from 30 June 2022 to 3 December 2043
79410.00% Discount Cash flow for 21 years 5 months
period from 30 June 2022 to 3 December 2043
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Disclaimer
CP Tower Growth Leasehold Property Fund published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 12:55:04 UTC.
C.P. Tower Growth Leasehold Property Fund (the Fund) is a Thailand-based specific closed-end property fund. The Fundâs objectives are to raise funds from general investors and to use the proceeds from such fundraising for the lease of and seeking benefit from those properties. The Fund will also improve, modify, develop and/or dispose of immovable properties the Fund invests in or acquires by way of letting, subletting and/or disposing or other processes, with the aim of generating income and returns for the Fund and its unitholders. This includes investment in other properties and/or securities and/or seeking interest by any other means. Its investments in leasehold rights to properties include C.P. Tower 1 (Silom), C.P. Tower 2 (Fortune Town) and C.P. Tower 3 (Phayathai). The Fund is managed by Krung Thai Asset Management Public Company Limited (the Management Company).
C.P. TOWER GROWTH LEASEHOLD PROPERTY FUND 