CPNREIT Information

What is CPNREIT?

CPN Retail Growth Leasehold REIT (CPNREIT) was established from the conversion of CPN Retail Growth Leasehold Property Fund (CPNRF) and received the transfer of assets, liabilities and obligations from the Fund on December 1, 2017, and first trading day in Stock Exchange of Thailand (SET) was December 14, 2017. CPNREIT invests in long-term leasehold rights of properties including 1) seven shopping malls - Central Rama 2, Central Rama 3, Central Pinklao, Central Chiangmai Airport, Central Pattaya, Central Lampang and Central Marina; 2) four offices - Pinklao Tower A, Pinklao Tower B, The Ninth Towers and Unilever House; and 3) one hotel - Hiton Pattaya Hotel.
CPN has approximately 30% holding in the REIT.
  • Central Pattana is the REIT manager through its subsidiary, CPN REIT Management Co., Ltd., as well as the property manager for the assets under CPNREIT.
  • SCB Asset Management Company Limited (SCBAM) is the trustee for the REIT.
  • REIT management fee - At the rate not exceeding 1% of total asset value not less than THB 15 mn in 2018, with an increase of 3% per year.
  • Property management fee - At the rate not exceeding 3% of the net rental and service income.
  • Leasing commission - 0.5 - 1.5 months based on rental rate of particular tenants and depending on leasing type and term.
  • Base fee - At the rate not exceeding 0.28% of appraisal value of investment properties per the reported NAV endorsed by the Trustee and computed on the last working day of each month. The value excludes investment in hotels.
  • Incentive fee - At the rate of not exceeding 2.35% of the net property income.
  • Purchase and sale of property - At the rate of 1.50% of the asset's acquisition value and 0.75% of asset's disposal value.
Website: http://www.cpnreit.com

REIT Manager:
CPN REIT Management Company Limited
Phone : +66 (0) 2667 5555 Ext. 1689
Fax : +66 (0) 2264 5593
Website : www.cpnreit.com
Email : ir_cpnreit@centralpattana.co.th

Trustee:
SCB Asset Management Company Limited
Phone : +66 (0) 2777 7777 press 0, and press 6
Fax : +66 (0) 2949 1505
Website : www.scbam.com
Email : customerservice.scbam@scb.co.th

Property Manager:
Central Pattana Public Company Limited
Phone :+66 (0) 2667 5555 Ext. 1632, 1688
Fax : +66 (0) 2264 5593
Website : www.centralpattana.co.th
Email : ir@centralpattana.co.th