Asset World Corp. Public Company Limited or AWC, Thailand's leading integrated lifestyle real estate developer, launches the Real Estate Investment Trust strategy. AWC Lifestyle Property or AWR aims to be a leading quality REIT in Asia. Ready to become the largest high-quality 100% freehold real estate trust in Thailand. AWR aims to be a quality investment for Thai and foreign investors. Ready to promote the development of Thai REIT industry standards and strengthen the country's real estate sector and capital market.
Sustainable Growth Platform: AWC's fully sustainable growth model.
AWR is an important part of the Sustainable Growth Platform, which connects the development potential of Thailand's business and tourism destinations with the creation of added value from assets. and delivering long-term sustainable returns to investors Under this model, AWC acts as a Development Engine to create value from developing and increasing the potential of assets. From developing and repositioning assets increasing operational efficiency as well as driving growth until assets can operate at their full potential
and create a strong income stream when assets perform sustainably. AWC transfers those assets to AWR, which acts as the holder of a portfolio of quality, recurring income assets. With the potential for long-term growth in returns, the complementary roles of AWC and AWR allow for continued value creation. From developing and increasing the potential of assets Property value growth as well as delivering stable and sustainable returns to investors in the long term
AWR stands out among Asia's leading REITs.
Compared to leading REITs in Singapore, Japan, Malaysia, India and the Philippines, AWR stands out as a REIT that combines 100% ownership of assets with additional investment rights in AWC quality assets (Evergreen ROFR), supporting long-term growth opportunities. Additionally, AWR has an initial leverage ratio of just 20%, lower than most REITs in the sector. It reflects the strength of the financial position and flexibility to support future growth.
Joining forces with 11 leading financial institutions, both Thai and global
BofA Securities, Morgan Stanley, DBS, Mizuho, Siam Commercial Bank, Kasikorn Bank, Bangkok Bank, Krung Thai Bank, Bank of Ayudhya, Thanachart Thai Military Bank and UOB Bank Join forces to open channels to connect networks of investors both domestically and abroad. To prepare for investing in AWR REIT IPO, the largest in Thailand's history. This is the power to bring AWR REIT, the region's top quality standard, to quality investors around the world. Join in promoting the capital market and the Thai real estate industry in a sustainable manner.
5 strengths, special investment opportunities That's never happened before for AWR.
1. Own 100% ownership of the property, not leasehold rights. World class quality in a location that cannot be found anywhere else. There is a projected return in 2027 at 5.44%-6.51%, creating stable income growth. Starting with Lifestyle Commercial Property, the largest Empire building in Thailand. In the top location of the country that is an important destination for the business sector. Along with a special lifestyle experience that has never been seen before.
Build strong growth with EA Rooftop at The Empire, one of the country's largest and highest food and beverage destinations, including EA Wellness Club that will help attract customers. Quality Wellness which is continuously growing and the first and only Co-Living space that creates growth with work spaces that connect lifestyles together. Join in growing with the power of the Ecosystem that helps create experiences and added value for tenants, such as benefits and access to AWC hotels and resorts nationwide.
Ultra Luxury Wellness Destinations Group: Banyan Tree Koh Samui and Banyan Tree Krabi Wellness Resort Ultra-luxury in a unique and rare location. The mountains surround the longest private beach. Ready to offer a stay experience with rooms that fully open to sea views and a Hydrotherapy spa that brings together a complete wellness experience in both Samui and Krabi.
Friends and Families Luxury Destinations Melia Koh Samui and Marriott Pattaya, luxury resorts for families and friends. that provides a relaxing experience through water activities that are outstanding and different along with food and beverage experiences in top destinations Samui and Pattaya.
All hotel assets performed strongly, with Q1 2026 RevPAR higher than the market average for their respective segments. Portfolio EBITDA grew approximately 20% over the past two years, reflecting the monetization ability and continued growth of the assets in the AWR portfolio.
2. Grow by leaps and bounds from the contract granting additional investment rights in AWC's quality assets.
AWR has received the Evergreen Right of First Refusal (ROFR) to invest in 9 high-end to ultra-luxury projects that AWC has selected, totaling approximately 3,100 rooms. If all 9 projects are fully exercised, the portfolio will expand to approximately 3,747 rooms and AWR will have the opportunity to continuously access quality assets in AWC's portfolio in the future. In addition, the initial borrowing rate is only 20%, with the potential to flexibly borrow to invest in additional assets.
3. Increased value in assets that are fully owned forever. Create a total return expected in 2027 at 13.39%-14.91% with additional growth. Continuously, long term, sustainable
All 5 assets are 100% owned (Freehold) where investors have full ownership of the property value. There is no risk of termination of the land lease agreement. Ready to provide an opportunity to benefit from the value of land and assets that are likely to increase in the long term. Such increase in value helps support the growth of net asset value (NAV) and increases borrowing capacity to support the purchase of additional assets in the future. Total returns in 2027 are forecast at 13.39%-14.91% with the potential to create added value and sustainable returns in the long term.
4. International standard governance structure to maintain benefits Build confidence and transparency for investors to receive stable and growing returns.
AWR establishes a governance structure based on international standards. to promote transparency and protecting the interests of trust unitholders Build investor confidence Through governance mechanisms that are consistent with creating value and sustainable returns. Its important components include:
A committee with up to 60% independent directors, jointly appointed by the Trustees.
- Golden Share and the right to approve important matters of the main tenant to protect trust unitholders.
- Fees tied to performance It is paid only when the DPU grows beyond a certain threshold.
- Four sub-committees oversee governance, risk, strategy, and regulatory compliance. Complies with international standards
5. Trade easily on the stock exchange With the largest IPO of proprietary asset trusts in the history of the Thai capital market.
After the offering, AWR will be the largest REIT IPO in Thailand's history. The proportion of trust units circulating in the market (Free Float) is approximately 72%, valued at approximately 31,088 million baht, reflecting strong trading liquidity. In addition, AWC will hold no more than 28% of trust units to reflect benefits consistent with trust unitholders in the long term.
Quality real estate Top Sustainable Real Estate
The assets in AWR's portfolio have been recognized by international institutions and awards. Reflects the quality of management Sustainability standards and the potential to create long-term value, with The Empire receiving WELL Core Platinum certification as the first building in Thailand. Along with LEED Gold and Fitwel 2-Star (2026) standards.
Meanwhile, Banyan Tree Koh Samui has received EarthCheck certification at Platinum level. and was ranked 3rd Best Resorts in Thailand by Condé Nast Traveler (2024). Milia Koh Samui received the award for Best Luxury Beach Resort in the world from the World Luxury Hotel Awards, and both Banyan Tree Krabi and Banyan Tree Koh Samui received MICHELIN Key Hotels Level 2 Keys certification.
AWR also benefits from AWC's sustainability foundation, which has received the highest ESG ratings from leading institutions, including SET ESG Rating AAA level, MSCI ESG Rating AAA level, and S&P Global Corporate Sustainability Assessment (CSA) Top 1% for 2026, reflecting business conduct standards that are consistent with international sustainable investment guidelines. With the opportunity to be considered for inclusion in global sustainability indices and real estate indices such as FTSE EPRA and Nareit, this expands access to the institutional investor base and funds focused on sustainable investing in the future.
Mrs. Wallapa Traisorat, Chief Executive Officer and President of Asset World Corp. Public Company Limited, said:
“AWC is committed to joining forces to create sustainable growth for Thailand. Through the creation of a full Sustainable Growth Platform model with quality REITs by establishing AWR, the top quality REIT in Asia. To connect world-class quality assets with long-term investment opportunities and provide opportunities for investors to become co-owners of assets in locations that are hard to find in Thailand. Ready to join in driving the growth of the real estate sector travel and the country's economy
AWC is very pleased that 11 leading financial institutions in the country and the global level have joined forces to open channels Connect a network of quality investors both domestically and abroad. Reflecting confidence in the potential of Thai assets and the Thai capital market It is considered a joint effort to create important power in creating value for the tourism industry. and long-term economic development of the country
AWR stands out by owning 100% freehold assets in hard-to-find locations in Thailand. With the right to additional investment in AWC's assets through an agreement granting additional investment rights (Evergreen ROFR) for an indefinite period. Under an international standard governance structure that emphasizes the importance of protecting trust unitholders. and transparency in governance
With such strong points coupled with liquidity from being the largest REIT IPO in Thai history We believe that AWR will be an important quality investment for quality investors, both Thai and foreign. that can create stable returns and long-term growth This is in line with AWC's mission of 'Building Better Future' to create long-term value for all involved parties.”
AWR offers investors an unprecedented opportunity to own hotel properties. and a world-class commercial lifestyle with 100% ownership in a location that cannot be found anywhere else through the country's largest REIT. It is an investment that generates good and stable returns. Continuously growing Long-term, sustainable increase
Investing in 100% Freehold World-Class Hospitality and Lifestyle Commercial Properties in Prime Locations of Thailand
AWR – The Largest Freehold High-Quality Sustainable REIT, Thailand
Investors can study the registration statement for the offering of trust units and the draft prospectus. which includes structure Proposed investment Financial projections, assumptions, and risks can be found at https://market.sec.or.th/public/ipos/IPOSEQ01.aspx?TransID=817258&lang=th
#AWC #AWR #AWRREIT #BuildingBetterFuture
