Thailand's Land & Houses plans $190m REIT IPO

Thailand's Land & Houses plans $190m REIT IPO

Thailand’s leading property developer Land and Houses Group (L&H) will transfer Bangkok’s Terminal 21 shopping center and other assets to form a 6.3 billion baht ($189 million) real estate investment trust (REIT), and will offer a majority stake in it to the public, its managing director said.

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