Agility Asset Advisers Creates Investment Fund for Hotel Investment in the Kingdom of Thailand
07/02/2020Agility Asset Advisers Inc. (the “Company”) is pleased to announce that it has created an investment fund (the “Fund”) to develop and operate a hotel on a development lot adjacent to Khaosan Road*, which is located in Bangkok Old Town in the Kingdom of Thailand.
The Fund is a structure through which the Company will use a fund created in Japan to invest in a Thai subsidiary (Company Limited), which is a vehicle for ownership of real estate, via a Singapore Variable Capital Company (VCC), and the Company will operate the Fund in collaboration with AP Fund Management Pte Ltd (Singapore) and AP Capital Co., Ltd. (the Kingdom of Thailand), which are Agility Asset Advisers (AAA) Group companies.
The Company plans to use the creation of this Fund as an opportunity to make full use of the PhilipCapital Group’s network and to expand overseas real estate investment, prioritizing the fast growing Southeast Asia region for investment.
| ＊Khaosan Road：Known as the mecca of backpackers. ‘Khao san’ means milled rice in the local language and the road was thus named because it was a center for trading rice until the 1970s. Only 300 meters long, Khao san road is a bustling street crammed with backpacker hotels, guesthouses, restaurants, cafés and Thai massage parlors. (The photograph was taken in March 2020.) |  |
(Investment structure)
→:Investment ←: Dividend/Repayment of capital contributions
（Project Overview）
| Type of invested assets | Foreign securities (Real estate) | Name | The Hotel Ember |
| Location | 11-29 Thanon Tanee, Talat Yot, Phra Nakorn, Bangkok, Thailand | ||
| Structure, Number of storeys | Five-storied building with reinforced concrete structure | ||
| Use | Hotel | No. of guestrooms | 48 rooms (Plan) |
| Site area | 419.60m2 | Start date | Jul. 2020 (Plan) |
| Total floor area | 1,496.11m2 (Plan) | Completion date | Sep. 2021 (Plan) |
(Image of completed building)
