KPNREIT General Information
KPN Real Estate Investment Trust (KPNREIT)
is an independent, diversified REIT, focusing on investing in various types of real estate, including warehouses, factories, and self-storage facilities, located in strategic areas along economic corridors and key distribution and logistics hubs in Thailand.
Currently, KPNREIT's primary investment is in KPN Tower, which is undergoing an asset-enhancement project to maximize its revenue-generating potential and elevate its competitiveness. This is being carried out alongside efforts to seek new investment opportunities in additional assets to foster growth and strategically diversify the investment portfolio.
Blue Whale Asset Company Limited is the REIT Manager, and SCB Asset Management Company Limited is the Trustee.
The KPN Real Estate Investment Trust (“KPNREIT”) was established with the objective of converting the KPN Property Fund (“KPNPF”) into a real estate investment trust (REIT). KPNREIT acquired the primary asset, KPN Tower Office Building, from the KPN Property Fund. The trust units of KPNREIT were listed on the Stock Exchange of Thailand on December 26, 2024.
KPNREIT has an investment policy focused on core real estate assets or leasehold rights to real estate (including sub-leasehold rights). These assets are utilized to generate income in the form of rental and service fees or other similar types of income. The trust also aims to improve, renovate, develop the potential of, and/or dispose of these assets to generate income and returns for the trust.
In addition to the primary asset acquired from the KPNPF, KPNREIT has a policy of diversifying its investments into a wider range of real estate assets to expand its income base and reduce reliance on any single type of business. The additional target assets for investment include warehouses, factory buildings, distribution centers, and self-storage facilities, as well as other real estate assets related to or supporting the rental business of such properties.
