REAL ESTATE

PROSPECT LOGISTICS AND INDUSTRIAL REIT

In July 2020, Finansa sold 89,024 sqm of leased warehousing and factory space at the Bangkok Free Trade Zone (BFTZ) to the Prospect Logistics and Industrial REIT for a total consideration of Bt1.4bn, realizing a gain of Bt277mn. The Prospect REIT is listed on the Stock Exchange of Thailand (under PROSPECT)

Finansa invested Bt563 mn in the Prospect REIT, equivalent to a 23% stake

At launch in August 2020, the Prospect REIT had total Assets of Bt3.5bn with the leasing space of 220,000 sqm and public ownership was c.70%