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New property fund set up to support Central stores.
Jul. 7--Central Pattana Plc told the Stock Exchange of Thailand yesterday it intended to establish a 12-billion-baht CPN Retail Growth Property Fund to invest in its two department stores, Central Rama II and Central Rama III.
In its letter to the SET, CPN said it would invest 33 percent of the total fund. The fund will be managed by TMB Asset Management Co and would be offered to the public in August.
The Fund aims to attract individuals and juristic persons, local and foreign, to invest. The fund will invest in real properties by purchase, lease or sublease.
Planned investments are the two Central stores -- the 251,182-sq m Central Plaza Rama ...
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...civil works contract for the 12km section of the metro Purple Line from Taopoon to Rama III Bridge. The contract will be signed next month. Bids for the 11km Rama III Bridge--Klong Bang Phai section will be opened this month with contract signing...
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- Newspaper article from: Bangkok Post (Bangkok, Thailand) August 24, 2005 700+ words
...leasehold rights of two shopping projects, Central Plaza Rama II and Central Plaza Ratchada Rama III. CPNRF will have a 20-year leasehold...Central Plaza Rama II and 90 years for Central Plaza Rama III. At least 90 percent of net profits ...
- Thai Retail Property Developer Central Pattana to Open 10th Mall.
- Newspaper article from: Knight Ridder/Tribune Business News May 27, 2004 700+ words
...Central Plaza Rarm Intra, Central Plaza Pin Klao, Central Festival in Pattaya, Central Plaza Rama III, Central Airport Plaza Chiang Mai, Central City Bang Na, Central Plaza Rama II, Central World Plaza...
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...Central Plaza Rarm Intra, Central Plaza Pin Klao, Central Festival in Pattaya, Central Plaza Rama III, Central Airport Plaza Chiang Mai, Central City Bang Na, Central Plaza Rama II and the World Trade...
- Bangkok Post, Thailand, business briefs column.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) August 22, 2005 700+ words
...Management, is the largest property fund launched to date, with funds raised from the offering used to purchase the Central Plaza Rama III and Rama II shopping complexes. Central Pattana Plc, the developer and operator of the two shopping malls...
- Central unit prepares for launch of largest property fund offering.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 26, 2005 700+ words
...closed-ended property fund hopes to raise 1.2 billion baht from local and foreign investors to acquire the Central Plaza Rama III and Rama II shopping complexes, the retail projects developed by Central Pattana Plc, said Jotika Savanananda...
Source: HighBeam Research, New property fund set up to support Central stores.