Palmer Capital Asia has advised on the forming of the first REIT in foreign assets to be listed on the Stock Exchange of Thailand.
On 15 December 2015, the company assisted CGD Digital Partners in transferring its Anchorage Point data centre in Greenwich, SE10, to the MFC Industrial Real Estate Investment Trust in Thailand for listing on its bourse.
The shares commenced trading on 23 December 2015 under the ticker symbol “MIT”.
PCA has been retained as asset manager by the REIT manager, MFC Asset Management PCL, and is actively looking to identify additional investments for MIT to expand within the UK.
Managing director of PCA Simon Tyrrell said: “Recent figures from the London Stock Exchange show that the UK REIT industry has grown to a quoted market cap of £3.9 trillion, from its inception in 2007. MIT provides a legitimate conduit for Thai capital to access overseas direct real estate, paving the way for more Thai capital to enter the international real estate markets over the coming years.”
