10 สิงหาคม 2553
Appraisal of Asset of CPNRF
Jortor 11-530097 10 August 2010
Re: Details of Assets
To: The President
The Stock Exchange of Thailand
SCB Asset Management Co., Ltd. as the management company of CPN Retail
Growth Leasehold Property Fund ("the Fund") would like to notify the details
of assets as of June 30, 2010 as follows
Project Central Plaza Rama 2 Central Plaza Ratchada-Rama 3 Central
Plaza Pinklao
Characteristic Invest in subleasehold right on the Invest in
leasehold right in the Invest in subleasehold land on
land where Central Plaza Rama 2 is land and the
Central Plaza which Central Plaza Pinklao is
located and the leasehold right in Ratchada-Rama 3
shopping located and the leasehold right
parts of Central Plaza Rama 2 as complex as well
as parking space in parts of Central Plaza Pinklao
well as the car park building, uitilities within building
as well as the relevant parking
system, a wastewater treatment
space(in proportion to the
system and the facilities of Central
utilization area) and leasehold
Plaza Rama 2
right in 2 office buildings called
Central Pinklao Tower A and
Tower B
Location No. 128, Moo 6, Rama 2 Road, No.79, 79/1 to79/2,
79/4 to 79/333 No. 7/3 to 7/128, 7/129 to 7/221,
Samaedam, Bangkhuntien, Sathupradit Road,
Chong Nonsri, 7/222 to 7/552, 7/553
Bangkok. Yannawa, Bangkok
Borommaratchachonnani Road,
Arunamarin, Bangkok Noi,
Bangkok
Appraiser 15 Business Advisory Limited reviewed value of Central
Plaza Rama 2 and Central Plaza Rama 3
Thai Property Appraisal Lynn Phillips Co.,Ltd. reviewed
value of Central Plaza Pinklao and office towers
Project Central Plaza Rama 2 Central Plaza
Ratchada-Rama 3 Central Plaza Pinklao
Appraisal Value 5,990,000,000 Baht 5,288,000,000
Baht 5,865,700,000 Baht
Valuation Date December 8, 2009 December 8,
2009 December 28, 2009
Calculation Period 15 years 8 months 85 years 8 months
(including right Approximately 15 years
to renew Lease
Contract 2 times,
30 years per time)
Appraisal Method Income Approach
Investors may request for more details of the appraisal report at the
Management Company.
Please be informed accordingly.
Yours faithfully,
CPN Retail Growth Leasehold Property Fund
By SCB Asset Management Company
( Mr.Poom Osatananda)
Executive Vice President - Invesment Management Group