Future Park Leasehold Property Fund

TH

Overview of the Fund

Future Park Leasehold Property Fund (FUTUREPF)
Fund Type Closed-end Property Fund (Registered in SET)
Investment Policy To mobilize funds from investors to purchase or lease immovable properties. The Fund will accept the transfer of ownership and/or leasehold rights and derive benefits from the immovable properties, including improving, changing, developing and/or disposing of various properties invested or acquired by the Fund, whether by the granting of a lease and/or sale and/or by other means relevant and necessary to make use of immovable properties in return for income and yields for the Fund and the unitholders.
Appropriate Investor Investors who are looking for inflation-hedged and stable return from rent.
Inception Date Nov 23, 2006
Fund Registered Capital Total Baht 6,233.161 million
- Initial Baht 4,733.161 million
- 1st Capital Increase Baht 1,500.000 million (26 December 2012)
Fund Unit Total 529.5661 million Units
- Initial 473.3161 million Units
- 1st Capital Increase 56.2500 million Units
Par Value 10 baht
Dividend Policy Minimum : twice per year
Fund Maturity Not Specified
Fund’s Asset

To invest in Leasehold rights (partially spaces) of Future Park Rangsit Building, the leasehold period will be ended on December 31, 2041 which included;

  1. - Leasehold rights on rental spaces of Future Park Rangsit Building, the total area of 56,822.26 square meters.
  2. - Right to use the common area of 48,791.00 square meters which can be generated rental income not less than 8,709.92 square meters.
  3. Right to use partially spaces of exterior wall of Future Park Rangsit Building for seeking the benefits.
Tenant Retail Shops
Property Manager Rangsit Plaza Company Limited
Trustee Krungthai Bank
Appraisal Value (beginning) 5,111 million baht (as of August 1, 2006) by CB Richard Ellis (Thailand) Co.,Ltd.
4,626 million baht (as of October 1, 2006) by American Appraisal (Thailand) Co., Ltd.
Appraisal Value (Inception) 6,766,000,000 baht (as of March 31, 2019) by TAP Valuation Co,.Ltd.
Fee & Expenses Charged to the Unitholders (% of NAV p.a.)
Front-end Fee None
Back-end Fee None
Switching In Fee None
Switching Out Fee None
Transfer Fee Set by Registrar , currently is none
Fee & Expenses Charged to the Unitholders (% of NAV p.a.)
Management Fee Not exceeding 1.0% p.a. of NAV
Trustee Fee Not exceeding 0.5% p.a. of NAV
Registrar Fee Not exceeding 0.1% p.a. of NAV
Property Management Fee Including Property Management Fee not exceeding 0.3% of NAV on last working day of previous month, Rent-Collecting Fee not exceeding 3.0% of Net Rental Revenue, Incentive Fee not exceeding 2.35% of Net Property Income, and Commission for leasing space to tenants
Financial Advisory Fee Not exceeding 1.0% of Fund raised (IPO)
Underwriting Fee Not exceeding 3.0% of the underwritten amount
Other Expenses As actually paid