Central Rama III

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Property Information

Nature of Investment

Leasehold right over the land (partial) with the total area of 12-2-44.6 rais and building of CentralPlaza Rama 3 Project and the indoor parking area from Central Pattana Rama 3 Co., Ltd. for 30 years, with the remaining lease period of approximately 16 years (the agreement will be expired on 15 August 2035). CPNREIT is entitled to renew the lease agreement for another 2 times, for a period of 30 years each as CPNRF has paid single and full amount of rental fee and deposit pursuant to the condition of the lease agreement. The investment also includes ownership in the utilities systems and facilities in connection with CentralPlaza Rama 3 and ownership in related movable assets.