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.