Bangkok--19 Jan--124 Communication
One Asset Management Limited in cooperation with Nomura Securities Public Company Limited is launching Trinity Property Fund (TNPF), an attractive property fund to invest in serviced apartment and shopping malls located in the heart of Bangkok’s CBD area -Silom Soi 5 —one of the most crowded and all-time-favorite hive for both business persons and shoppers. They will conduct an initial public offering (IPO) among general investors during February 9-16 with an investment value of Baht 710 million. One Asset Management Limited is appointed as the fund manager with Capital Nomura Securities Public Company Limited as the underwriter.
Mr.Monrat Phadungsit, President, One Asset Management Limited, the fund manager of Trinity Property Fund (TNPF) revealed that TNPF received approval for the fund from the Securities and Exchange Commission on December 30, 2010 and marked the initial public offering period for February 9-16, 2011.
“Due to the fact that the deposit interest rate is relatively low, investors are looking for an alternative investment that can create wealth and give an attractive return. A property fund is thus an attractive choice,” said One Asset’s President “The freehold Trinity Property Fund (TNPF) offers four-year, guaranteed minimum revenue at 65.7, 66.7, 67.1 and 67.1 million baht, respectively. The policy of paying a dividend at least once a year for at least 90% of the annual net profit is the answer for those who are looking for a good return on investment with comparatively low risk.”
Trinity Asset Company Limited Managing Director Ms. Orranart Churdboonchart said that TNPF will invest in a freehold property with a good combination of hospitality and retail space, located in the heart of one of the busiest CBD areas in Bangkok “Silom Soi 5” with easy access to not only Silom via Silom Soi 3 and 5, but also Sathorn via Soi Pipat and Narathiwas Rajanakarin via Narathiwas Rajanakarin soi 3. It’s only 150 meters from the BTS Chongnonsee Station.
TNPF will invest in “Glow Trinity Silom,” a 78-room serviced apartment whose customers are both Thai & foreign businesspersons and tourists. It plans to change to a hotel once permission is granted. The retail space that TNPF will invest in is called “Mall 1” and “Glow Trinity Silom Arcade” with net lettable area of approximately 431.35 sq.m. and 3,812.05 sq.m., respectively. The total net lettable area is 4,243.40 sq.m.
Mr. Nimit Wongjariyakul, Executive Director, Capital Nomura Securities Public Company Limited as TNPF’s underwriter added that TNPF will worth 710 million baht. The IPO unit at par of 10 baht will be 71 million units. Those who want to subscribe can invest at the minimum of 10,000 baht. We believe that this offering shall be welcome from both institutional and retail investors.
For more information, please contact One Asset Management Limited at 02-659-8888 press 1 for marketing or www.one-asset.com or Capital Nomura securities at 02-638-5500.
For more information: 124 Communication Consulting Co.,Ltd Tel: 02-718-1886 # 156-157