Bangkok--27 Jul--PRDD
TICON Management Co., Ltd. (TMAN), the REIT manager of TICON Freehold and Leasehold Real Estate Investment Trust (TREIT), informed to the Stock Exchange of Thailand on 22 July 2016 that TMAN Board of Directors has appointed Mr. Peerapat Srisukont as the Managing Director and Director of the company inplace of Mr. Amorn Chulalaksananukul who resigned from the position. The annoucement will be effective from 1 August 2016 onward.
Mr. Peerapat Srisukont will be responsible for driving growth of TMAN's core business. He will be responsible for setting investment strategies and property management strategies of the REIT assets domestically and internationally under TMAN's management. Presently, TMAN manages TREIT which invests in the high quality factories and warehouses from TICON group with a total value asset of 7,687 million Baht. Moreover, TREIT is currently the only REIT having received a credit rating in Thailand, which is 'A-' from Fitch Ratings (Thailand) Limited.
Mr. Peerapat is an old real estate veteran with over 25 years of experiences, especially in the factory and warehouse development business, and has been working with TICON Group for the last 13 years. Furthermore, while at TICON, he had a lot of experiences in property management of the assets in TFUND, TLOGIS, TGROWTH and TREIT. He is latest position at TICON was the Deputy General Manager before joining TMAN as the Managing Director.