Deal Announcements

  • Weerawong C&P represented CPN Retail Growth Leasehold Property Fund in the conversion of CPNRF into CPNREIT valued at USD 1.44 billion, the largest REIT in Thailand
  • Weerawong C&P represented CPN Retail Growth Leasehold Property Fund (CPNRF by SCB Asset Management Company Limited) in connection with the conversion of CPNRF into a real estate investment trust, namely CPNREIT by the transfer of 4 department stores, namely CentralPlaza Rama 2, CentralPlaza Rama 3, CentralPlaza Pinklao and CentralPlaza Chiang Mai Airport.

    CPNREIT made additional investments in CentralFestival Pattaya Beach and Hilton Hotel by obtaining loans from financial institutions in the amount of THB 11,908 million. The transfer of assets and the additional investment was valued at THB 46,000 million (approximately USD 1.44 billion).

    After the conversion and such investment in January 2018, CPNREIT became the largest real estate investment trust in Thailand.
     
    The Weerawong C&P team led by Khemajit Choomwattana, Partner included Panida Wongsriyanon, Senior Associate and Chanisa Sajjaporameth, Associate
     

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