After the conversion, TREIT will possess assets worth more than Bt32 billion, which will gain more benefits from high leverage, and attract more investment from both domestic and foreign investors. TREIT will possess factories and warehouses in 22 locations across 7 provinces, all of which are situated in strategic locations of the country's economic and industrial centers. The conversion will also increase efficiency and flexibility of management by a single REIT manager. TREIT unitholders have approved the plan for an additional investment after the conversion. TREIT intends to exercise its right to additionally invest in TICON group's properties – after the conversion – of not less than Bt3.5 billion by additional leverage to acquire additional assets, which will make TREIT to become the biggest REIT in Thailand with total assets of over Bt36 billion.

Source: The Nation Bangkok October 24, 2017 18:11 UTC