About IMPACT GROWTH REIT
RMI Co., Ltd. has filed for the approval with the Thai Securities and Exchange Commission to set up ‘IMPACT GROWTH REIT’, the real estate investment trust, to invest in freehold assets of IMPACT Muang Thong Thani projects including IMPACT Arena, IMPACT Challenger, IMPACT Forum and IMPACT Exhibition Center. The distribution and Initial Public Offering (IPO) subscription of trust units is set to launch after getting approval from the Thai Securities and Exchange Commission.
IMPACT has appointed RMI Co., Ltd. as the REIT Manager, Kasikorn Asset Management Co., Ltd. (KAsset) as the Trustee, Maybank Kim Eng Securities (Thailand) PCL as Financial Advisor and IMPACT Exhibition Management Co., Ltd. as Property Manager.
For the Initial Public Offering of IMPACT Growth REIT, RMI Co., Ltd. has appointed KASIKORNBANK Plc and Kasikorn Securities PCL as Joint Lead-Underwriters. Proceeds generated from the IPO of trust units including loans from financial institutions (after deduction of any relevant fees) will be used to invest in freehold assets of IMPACT Muang Thong Thani projects including IMPACT Arena, IMPACT Exhibition Center, IMPACT Forum and IMPACT Forum and IMPACT Exhibition Center.
The highlight of investing in IMPACT GROWTH REIT is investors will have a great opportunity to be a joint owner of IMPACT’s underlying assets which have been widely known in Thailand comprising IMPACT Arena, IMPACT Challenger, IMPACT Forum and IMPACT Exhibition Center – all assets are located in IMPACT Muang Thong Thani, the largest exhibition and convention center in Thailand and South East Asia. Managed by a highly experienced Property Manager IMPACT, IMPACT GROWTH REIT unit holders will take a direct advantage from continued growth of the MICE market both in Thailand and in Asia including the introduction of ASEAN Economic Community (AEC) in 2015. Today, the REIT’s underlying assets have captured the highest market shares in the exhibition and convention business in Thailand. RMI Co., Ltd., as REIT Manager, has appointed IMPACT Exhibition Management Co., Ltd. as Property Manager due to its high expertise in the MICE industry for over 15 years. It is expected that IMPACT GROWTH REIT will provide long-term benefits to investors in terms of steady dividends and the increasing value of the REIT’s underlying assets.
Investment Policy
A trust fund aims to invest in properties which can create income and/or invest in other assets or acquire for other interests for the benefits of trust unit holders.
Benefits for Investors
- Provide steady dividends. At least 90% of the REIT’s taxable income will be paid in form of dividends to its shareholders.
- Does not require a large amount of investment compared to direct investment in real estate.
- Give an opportunity for investors to receive steady returns from freehold investment.
- Provide an opportunity to receive capital gain and help reduce the risks from inflation hedge.
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