Economy
Asset World Corp to Launch 48 Billion Baht REIT
Asset World Corp (AWC) plans to file for the establishment of a new REIT, AWR, on September 29, incorporating five major properties.
According to Khaosod Online, Asset World Corp (AWC) is set to file for the establishment of a new Real Estate Investment Trust (REIT) named AWR on September 29. The company intends to inject five freehold assets—comprising four hotels and one Grade A office building—into the trust, with an initial valuation of at least 48 billion baht.
Wallapa Traisorat, CEO and President of AWC, stated that the initiative aims to position AWR as a premier REIT focused exclusively on domestic Thai investments. AWC will serve as the primary sponsor, with a strategic goal of ensuring that more than 50% of the trust is held by Thai investors. Looking ahead, the company has already identified a pipeline of nine additional properties to support future growth.
For residents and travelers, this move reflects the ongoing consolidation and professionalization of Thailand’s hospitality and commercial real estate sectors. While the filing marks a significant step in AWC’s asset restructuring, the final approval from regulatory authorities remains to be confirmed. Investors and stakeholders are currently awaiting the official submission of the filing documents to determine the specific terms and conditions of the trust.
