CPN Retail Growth Leasehold REIT (BKK:CPNREIT)
Thailand flag Thailand · Delayed Price · Currency is THB
12.10
+0.10 (0.83%)
May 30, 2025, 4:39 PM ICT

CPN Retail Growth Leasehold REIT Company Description

CPN Retail Growth Leasehold REIT (“CPNREIT”) was established on 1 December 2017 from the conversion from CPN Retail Growth Leasehold Property Fund (“CPNRF”).

The trust units of CPNREIT were first traded on the Stock Exchange of Thailand on 14 December 2017. At the end of 2014 CPNREIT had been investing in leasehold rights of seven shopping malls, which are Central Rama 2, Central Rama 3, Central Pinklao, Central Chiangmai Airport, Central Pattaya, Central Marina and Central Lampang with total leasable area of 253,950 sq.m., four office buildings namely Pinklao Tower A and Tower B, The Ninth Towers and Unilever House with total leasable area of 111,533 sq.m., and one hotel which is Hilton Pattaya totaling 304 guest rooms.

On 31 July 2023, the Extraordinary General Meeting of the Trust Unitholders No. 1/2023 (“EGM No.

1/2023”) approved the lease renewal of Central Pinklao for a period of 15 years (from 1 January 2025 to 31 December 2039) with the investment value of not exceeding Baht 12,161 million, together with the renovation of Central Pinklao during 2024 and 2025, with the budget of not more than Baht 1,100 million, and the change of lease payment of Central Rama 2 (Renewal Period) from a lump sum payment in 2025 to be the installments throughout the lease term, provided that the first payment will be equal to the rental fee for the first 10-year lease period of not exceeding Baht 12,853 million.

On 8 May 2024, CPNREIT successfully executed its capital increase plan for the contracts of Central Pinklao project for another 15 years from 1 January 2025 to 31 December 2039.

CPN Retail Growth Leasehold REIT
Country Thailand
Founded 2005
Industry REIT - Diversified
Sector Real Estate
CEO Pattamika Pongsurayamas

Contact Details

Address:
999/9 Rama 1 Road, Potumwan
Chatuchak, 10330
Thailand
Phone 66 2 667 5555
Website cpnreit.com

Stock Details

Ticker Symbol CPNREIT
Exchange Stock Exchange of Thailand
Fiscal Year January - December
Reporting Currency THB
ISIN Number TH8351010005
SIC Code 6798

Key Executives

Name Position
Poom Osatananda Co-Chief Executive Officer of CPN REIT Management Co., Ltd.
Pattamika Pongsurayamas Chief Executive Officer of CPN REIT Management Co., Ltd.
Pakamon Sooksarn Vice President of Risk Management and Compliance Department
Sakda Manavapat Executive Vice President
Sornchai Suneta Senior Executive Vice President
Voravannee Tangsirikusolwong Executive Vice President
Methee Vinichbutr Executive Vice President
Naparat Sriwanvit CPA Executive Director of CPN REIT Management Company Limited
Tipaphan Puttarawigorm Senior Vice President
Somjai Rojnlertchanya Senior Vice President