Deal Announcements

  • Weerawong, Chinnavat & Partners Ltd. represented the Asset World Corp Co., Ltd. group (AWC) in two acquisition financing transactions:        
  • - Financing for the acquisition of hotel and retail building assets from (1) Thai Hotel Investment Freehold and Leasehold Property Fund (THIF) and (2) Thai Retail Investment Fund (TRIF) by the companies under the AWC group including TCC Hotel Asset Management Co., Ltd. and Asset World Retail Co., Ltd. The total facilities amount was THB 25,000 million (approximately USD 736 million). The financiers were Siam Commercial Bank Public Company Limited and Kiatnakin Bank Public Company Limited. The assets acquired from THIF and TRIF under this transaction included Hilton Sukhumvit Bangkok, Marriott Marquis Queen's Park, Plaza Athénée Bangkok, The Okura Prestige Bangkok, Pantip Plaza, Asiatique and Tawanna Night Bazaar. The deal closed on 19 May 2017.

    - Financing for the acquisition of commercial building assets from Thai Commercial Investment Freehold and Leasehold Fund (TCIF) by the companies under the AWC group including T.C.C. Commercial Property Management Co., Ltd. and CW Tower Co., Ltd. The total facilities amount was THB 25,000 million (approximately USD 736 million). The financier was KASIKORNBANK Public Company Limited. The assets acquired from TCIF under this transaction included Empire Tower, Athenee Tower, 208 Wireless Road Building and CW Tower. The deal closed on 19 May 2017.

    The Weerawong C&P team was led by partner Nattaporn Pengkul and associates Panuwat Chaistaporn, Sireedhorn Kittiphumwong and Pimkwan Subprasert.
     

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