<article><a href="http://www.impactgrowthreit.com">IMPACT Growth Real Estate Investment Trust (Impact Growth REIT)</a> has postponed its plan to buy four more assets worth around 3 billion baht ($90.9 million), to next year.</article>

<a href="http://www.impactgrowthreit.com">IMPACT Growth Real Estate Investment Trust (Impact Growth REIT)</a> has postponed its plan to buy four more assets worth around 3 billion baht ($90.9 million), to next year.
Previously, it had planned to transfer the assets &#8211; Novotel Bangkok Impact Hotel, an indoor parking, Geneva Industry Condominium and Beehive Lifestyle Mall &#8211; into the REIT by the fourth quarter of this year.
However, Paul Kanjanapas, managing director of <a style="color: #000080;" href="http://www.impact.co.th/">Impact Exhibition Management Co</a>, said that it would not enlarge the REIT’s size this year because most of the asset have just started the operation.
“We consider that it will be a better timing to sell four assets to the REIT next year. The first two are likely to be the office building for rent and the car park, while we are planning to sell the Pullman Hotel and the Ibis Hotel later on,” said Kanjanapas.
He added that it has allocated the budget of 2 billion baht for constructing two more hotels, which are scheduled to be launched in the next two years. Afterwards, they will also be considered for sale to the REIT.
Wanpen Mungpiensakul, managing director of RMI Co, the REIT’s manager, said that Impact Growth REIT targets the revenue growth of 5 per cent, equivalent to around 2.18 billion baht, and the net profit margin of at least 50 per cent this year, following higher occupancy rate.
She cited that the IMPACT’s occupancy rate should increase from 55 per cent last year to 60 per cent this year. This was mainly due to increased political stability in the country and more events and marketing activities conducted by the company.
The occupancy rate for the second quarter of this year is likely to grow by 8 per cent from the same period last year, mainly because of the launch of four new meeting rooms, which are fully booked in June, Paul said.
Meanwhile, the company&#8217;s board of director has approved a dividend payout at 0.23 baht apiece for the period between September 22-December 31, and 0.19 baht apiece for the first quarter of this year.
In the fourth quarter of last year, it generated total revenue of 1.114 billion baht and the net profit of 632 million baht.
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Impact Growth REIT postponed its plan to buy four more assets worth around 3 billion baht into the REIT, to next year.

Thailand's Impact Growth REIT to acquire four assets next year

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Thailand's Impact Growth REIT to acquire four assets next year

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