NO. BRRM-E-65-080
10 August 2022 | |
Subject | Notification of asset detail and asset appraisal value of Bhiraj Office Leasehold Real Estate Investment |
Trust | |
To | The President |
The Stock Exchange of Thailand | |
Bhiraj REIT Management Company Limited as the REIT Manager of Bhiraj Office Leasehold Real Estate |
Investment Trust ("BOFFICE") would like to inform the BOFFICE's asset detail and asset appraisal value as follows:
Detail | BHIRAJ TOWER at EmQuartier | BHIRAJ TOWER at BITEC |
Appraisal | CBRE (Thailand) Company Limited | |
Valuation Date | 1 June 2022 | |
Location of | No. 8 and 689 Sukhumvit Road., Klong Ton | No. 4345 Sukhumvit Road., Bang Na Tai, |
Assets | Nuea, Vadhana, Bangkok | Bang Na, Bangkok |
Detail of assets | The leasehold rights of parts of BHIRAJ | The leasehold rights of parts of BHIRAJ |
TOWER at EmQuartier Office building and | TOWER at BITEC Office building and the | |
the Ownership of movable properties | Ownership of movable properties related | |
related to Office building (Gross Floor | to Office building (Gross Floor Area | |
Area approximately 94,853 square meter) | approximately 70,741 square meter) | |
Appraisal Method | Income Approach | |
Discount Rate | 8.50% | 9.00% |
Appraisal Period | Approximately 22 years 4 months | Approximately 28 years 2 months |
(started 1 June 2022 to 30 September 2044) | (started 1 June 2022 to 19 August 2050) | |
Appraisal Value | 6,366,000,000 Baht (Six thousand three | 2,910,000,000 Baht (Two thousand nine |
hundred and sixty-six million baht) | hundred and ten million baht) | |
The investors can find further detail of the appraisal report or the appraisal review report as shown on the BOFFICE's website ( https://www.bofficereit.com) For more inquiries regarding the reports please contact Bhiraj REIT Management Company Limited. Telephone: +66(2)-261-0170 Email : Boffice.BRRM@bhirajburi.co.th
Please be informed accordingly
Yours faithfully,
Mr. Attakorn Netneramitdee
Managing Director
Bhiraj REIT Management Company Limited