Central Chiangmai Airport

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Property Information

Nature of Investment

Leasehold right over the land (partial) located of the shopping mall building, multipurpose hall, indoor parking area, roads surrounding the project and entrances and exits of CentralPlaza Chiangmai Airport Project of which total area is 32-3-56.85 rais, together with the leasehold right over one shopping mall building (partial), one multipurpose hall, and one indoor parking area (proportionately to the utilization of the area of the shopping mall building and the multipurpose hall invested by CPNREIT). Furthermore, CPNREIT has invested in the leasehold right over the utilities systems and other assets in connection with CentralPlaza Chiangmai Airport Project for the period of 30 years with the remaining lease period of approximately 25 years (the agreement will be expired on 22 April 2044). The investment also includes ownership of related movable assets.