<article>Thai institutional investors have increased their shareholding in the <a style="color: #000080;" href="http://www.impactgrowthreit.com/">Impact Growth Real Estate Investment Trust (Impact Growth REIT)</a>.</article>

Thai institutional investors have increased their shareholding in the <a style="color: #000080;" href="http://www.impactgrowthreit.com/">Impact Growth Real Estate Investment Trust (Impact Growth REIT)</a>.
According to the information provided to the Stock Exchange of Thailand,<a style="color: #000080;" href="http://www.sso.go.th/wpr/home.jsp"> the Social Security Office</a> now holds 43.48 million shares, equivalent to 2.93 per cent, an increase from 41.34 million shares or 2.79 per cent. Also, TMB Property Income Plus Fund has doubled its shareholding in the REIT from 15.57 million shares to 30.12 million shares.
Impact Growth REIT launched six months ago and its price has gone up 4.84 per cent since its IPO, which was at 10.60 baht apiece.
Paul Kanjanapas, managing director of Impact Exhibition Management Co, the REIT’s manager, said that the REIT is negotiating with a Singaporean partner to invest in solar rooftop, to reduce its electricity cost in Impact Exhibition Hall.
“Our electricity cost usually accounts for 6-7 per cent of total revenue. We expect to decrease it to 3-4 per cent after installing the solar rooftop. This will also boost our profit margin in the long run,” he said.
The REIT aims to generate a revenue of 2.172 billion baht this year, up 5 per cent from last year. The net profit margin is expected to be 49.5 per cent.
According toKanjanapas, the occupancy rate of Impact Exhibition Hall could surge from 55 per cent to 60 per cent as there are more events in the second half of the year.
So far, it has allocated a budget of 2 billion baht for developing two hotels. It is considering building a new shopping mall with an investment of around 2 billion baht, a new car park worth 800 million-1 billion baht and a fun park worth 200-300 million baht. All three projects will be finalised within next year.
The REIT also plans to buy four more assets worth 3 billion baht in the first quarter of next year. These will comprise of an office building, a car park, and a  Novotel Hotel and community mall in Muang Thong.
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Thai institutional investors have increased their shareholding proportion in the Impact Growth REIT

Thai institutional investors increase stake in Impact Growth REIT

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