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
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S Prime Growth Leasehold REIT published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 13:05:05 UTC.