Ref : SREIT/032/2022
9 August 2022
Subject: Notification of asset details and asset value appraisal at the end of Q2/2022 of S Prime Growth Leasehold Real Estate Investment Trust (SPRIME)
To: The President
The Stock Exchange of Thailand
S REIT Management Company Limited ( the " Company" ) as the REIT manager of S Prime Growth Leasehold Real Estate Investment Trust ("SPRIME"), would like to inform the details of the assets and asset value appraisal as follows:
Suntowers Office Building | |
Appraiser | Sims Property Consultants Co., Ltd. |
Appraisal Date | as of 30 June 2022 |
Asset Location | No. 123 Sun Towers, Vibhavadi Rangsit Rd., Chom Phon Sub-District, Chatuchak |
District, Bangkok 10900 | |
Details of Assets | Leasehold rights over land and Leasehold right over some parts |
of Suntowers office building (including car parking area) | |
Appraisal Method | Income Approach |
Discount Rate | 10% |
Holding | Leasehold rights over land and Leasehold rights over some parts of building |
Appraisal Period | 26.55 years starting from 1 July 2022 to 17 January 2049 |
Appraisal Value | Baht 5,751,000,000 (Five thousand seven hundred and fifty-one million baht) |
In this regard, the Company has disclosed the appraisal report or appraisal reviewed report on the SPRIME's website at https://www.sprimegrowth.com/th/investor-relations/downloads/appraisal-report.
Please be informed accordingly.
Yours faithfully,
S REIT Management Company Limited
- Mr. AchawitSingsuwan -
(Mr. Achawit Singsuwan)
Managing Director