Bhiraj Office Leasehold Real Estate Investment Trust : Notification of asset detail and asset appraisal value of Bhiraj Office Leasehold Real Estate Investment Trust
August 10, 2022 at 08:11 am
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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
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Disclaimer
Bhiraj Office Leasehold Real Estate Investment Trust published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 12:09:50 UTC.
Bhiraj Office Leasehold Real Estate Investment Trust (the Trust) is a Thailand-based closed-end real estate investment trust. The Trust's objectives are to mobilize funds raised from the selling of trust units and loan from financial institution to invest in the leasehold right of Bhiraj Tower at EmQuartier project that comprises most of the office rental areas in Bhiraj Tower at EmQuartier and the associated operation areas, including the transferred ownership of utility and movable property, which related to the operation of office buildings. Bhiraj Tower at EmQuartier office building has gross floor area of approximately 94,853 square meters and net leasable area of approximately 49,462 square meters. Its Bhiraj Tower at BITEC office building has gross floor area of approximately 70,741 square meters and net leasable area of approximately 32,072 square meters. The Trust is managed by Bhiraj REIT Management Company Limited. Bhiraj Management Company Limited is its property manager.
Bhiraj Office Leasehold Real Estate Investment Trust : Notification of asset detail and asset appraisal value of Bhiraj Office Leasehold Real Estate Investment Trust
BHIRAJ OFFICE LEASEHOLD REAL ESTATE INVESTMENT TRUST 
