Siri Prime Office Property Fund Announces Audited Financial Results for the Year Ended December 31, 2019
February 28, 2020 at 05:52 am EST
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Siri Prime Office Property Fund announced audited financial results for the year ended December 31, 2019. For the year, the company reported Rental and Service income of THB 157,837,904 against THB 162,903,981 a year ago. Total income was THB 160,689,452 against THB 163,442,401 a year ago. Net investment income was THB 98,618,243 against THB 103,616,113 a year ago. Net increase in net assets resulting from operations was THB 92,209,415 compared to THB 4,069,857 a year ago.
Siri Prime Office Property Fund is a Thailand-based is a closed-end property fund. The Fund is principally engaged in the rental of immovable properties. The Fund's objective is to raise funds from general investors, both individuals and juristic persons, locally and internationally whereby the proceeds from such fundraising are used to purchase, lease and/or sub-lease immovable properties. The Fund shall also improve, modify, construct and/or develop immovable properties by taking the transfer of a construction permit and/or applying for other permits and/or executing any transactions necessary and advisable for immovable properties. The Fund's objective is to make an initial investment in Siripinyo Building, which is an office building for rent. SCB Asset Management Company Limited acts as the Company's Fund Manager.
SIRI PRIME OFFICE PROPERTY FUND 
