For approximately 20 years and expires on 31 August 2037
Nature of Investment
Leasehold/subleasehold rights over the immovable properties, including
certain parts of the building and structures in CentralFestival Pattaya Beach, comprising of a shopping mall building (partial) and indoor parking area (partial). However, the leased properties are exclusive of (i) the areas in CentralFestival Pattaya Beach which CPN Pattaya Company Limited has long-term lease agreements with tenants in return of an front-end rental fee, and the areas which are currently under renovation or under a future renovation plan and (ii) the proportionated parking areas in accordance with CPN Pattaya’s legal right;
the leasehold rights over the utilities systems, i.e., electrical system, utilities system, telephone system, elevators, escalators, air conditioning system, engineering works system, wastewater treatment system, and various facilities of which installed and used in the building and structures of CentralFestival Pattaya Beach, along with other rights relating to or in connection with the aforementioned systems;
ownership of movable assets, i.e., equipment for decor, tools, instruments, whether fixed or not permanently fixed, including other equipment used for the purpose of installing decoration or facilitating users of the building and structures of CentralFestival Pattaya Beach Project. These are located on and/or fixed on the exterior or in the interior of the areas of the building and structures of CentralFestival Pattaya Beach, or on the surface of the building and structures of CentralFestival Pattaya Beach, and/or the area in part of the leased areas occupied by tenants in CentralFestival Pattaya Beach, of which CPN Pattaya Company Limited has ownership, including any other rights relating to or in connection with the aforementioned properties, excluding the properties that are component parts of the building and structures of CentralFestival Pattaya Beach.
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