NO. 1324 / 2022 | August 4, 2022 |
RE: Notification of Asset Details and Asset Appraisal Values of
Bualuang Office Leasehold Real Estate Investment Trust
TO: President
The Stock Exchange of Thailand
BBL Asset Management Company Limited, acting as a REIT Manager of Bualuang Office Leasehold Real Estate Investment Trust ("B-WORK"), would like to inform the asset details and the appraisal values as follows:
True Tower 1 | True Tower 2 | ||
Appraisal Firm | Nexus Property Consultants Company Limited | ||
Valuation Date | July 1, 2022 | ||
Location of asset | No. 18, Ratchadapisek Road, | No. 1252, Pattanakarn Road, | |
Huai Khwang, Bangkok | Suan Luang, Bangkok | ||
Detail of asset | A 36-storey office building | 4 office buildings | |
with 1 ground level and rooftop | (Gross Floor Area of 41,417 sq.m) | ||
(Gross Floor Area of 63,615 sq.m.) | |||
Appraisal Method | Income Approach | ||
Discount Rate | 9.75% | ||
Holding | 30-year leasehold rights in land and building | ||
Appraisal Period | 25 years 7 months 7 days started from July 1, 2022 until February 7, 2048 | ||
Appraisal Value | 2,954,000,000 Baht | 1,777,000,000 Baht | |
Investors may request for more details of the appraisal report at BBL Asset Management Company Limited.
Please be informed accordingly,
Sincerely Yours,
(Mr. Pornchalit Ploykrachang)
Deputy Managing Director
QR Code to download the appraisal reports
Real Estate & Infrastructure Investment
Tel. 0-2674-6400 Ext. 561-563