Jurisdiction - Thailand
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Baker & McKenzie Advises On Thailand’s First REIT.

20 August, 2013

 

Baker & McKenzie is advising KASIKORNBANK Public Company Limited, as a financial advisor to Impact Exhibition Management Co., Ltd. (a subsidiary of Bangkok Land Public Company Limited), on the establishment of Impact Growth REIT. Its underlying assets will include Impact Exhibition Centre, Impact Challenger Hall, Impact Forum, and Impact Arena, one of the largest exhibition centers in Southeast Asia. Baker & McKenzie's roles also include advising on the establishment of the REIT Manager company and duties of the trustee.

 

Wholly owned by Impact Exhibition Management Co., Ltd., the newly established RMI Company Limited, has filed for approval with the Thai Securities and Exchange Commission to establish Impact Growth REIT and act as REIT Manager. Upon receiving approval from the appropriate authority, Impact Growth REIT is set to be the first REIT ever established in Thailand. 

 

The Baker & McKenzie team is led by Bangkok-based partners Sorachon Boonsong, Head of the Bangkok Real Estate Practice Group, as well as Banking & Finance Partner Chaveewan Likhitwattanachai. The team was also assisted by Capital Markets Partner Theppachol Kosol, Tax Partner Aek Tantisattamo and Real Estate Partner Duangkamon Amkaew.

 

"This marks an important milestone for Thailand's real estate and capital market. We are honored to assist KASIKORNBANK in undertaking what should be the first-ever transaction of this nature in Thailand," commented Mr. Boonsong. "This type of project exemplifies Baker & McKenzie's capabilities in Thailand and ASEAN and our track record of advising on first-to-market REIT transactions in Asia Pacific.”

KASIKORNBANK and Maybank Kim Eng Securities are acting as the financial advisors and distributors and Kasikorn Asset Management as the Trustee for IMPACT Growth REIT.

 

International Legal Counsellors Thailand is representing Impact Exhibition Management Co., Ltd.

 

 

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