Agility Asset Advisers

November 8th, 2024

Press Release

Agility Asset Advises Inc.

Concerning establishment of “Hotel Development Investment Fund”

in the Kingdom of Thailand

Agility Asset Advisers Inc. (hereinafter referred to as “the Company”) has established an investment fund (hereinafter referred to as “the Fund”) to develop and operate a hotel on a development site along Witthayu (Wireless) Road* in Phloen Chit, the center of Bangkok, in the Kingdom of Thailand.

The fund is the second fund following “The Ember Hotel” (completed and opened in December, 2022) developed in the Khaosan district of Bangkok’s old town, and is structured to invest from a fund established in Japan through Singapore-registered Variable Capital Company (VCC) in a local Thai subsidiary (Company Limited), which is a real estate holding vehicle.

The Fund will be managed in collaboration with group companies AP Fund Management Pte Ltd (Singapore) and AP Capital Co., Ltd. (Kingdom of Thailand). The Company plan to continue to expand our overseas real estate investments, focusing on the rapidly growing Southeast Asian region, by making the most of the PhillipCapital Group’s network.

* Witthayu Road: Witthayu (Wireless) Road was once the site of Sala Daeng Radio Station, one of Thailand’s oldest radio stations, so the name comes from witthayu (radio). It intersects with the Bangkok SkyTrain from north to south, and Phloen Chit Station is located near the intersection.
Embassies of Japan, the United States, Switzerland, and other countries, luxury hotels, and commercial facilities are concentrated here (the photo was taken from the proposed development site in the direction of the former British Embassy site, as of June 2024).

[Investment Structure]

→：Investment　←：Dividends and Return of investment

[Project summary]

Type of assets	Foreign Securities (Real Estate)	Property name	The Ember Wireless Hotel
Location	39 Wireless Road, Lumpini, Pathumwan, Bangkok 10330, Thailand
Structure / Floors	Reinforced concrete / 6floors
Use	Hotel	Number of rooms	40 to 44 rooms (planned)
Site area	556.00m2	Construction date	December 2024 (planned)
Total floor space	1,848.00m2 (planned)	Completion date	August 2025 (planned)

[Image of the completed building]