Lendlease Global Commercial REIT (LHSC)
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Lendlease Global Commercial REIT Profile
| Diversified REITs Industry | Real Estate Sector | Ms. Chantana Kanchanagama CEO | SET Exchange | TH6180010006 ISIN |
| Thailand Country | - Employees | 10 Apr 2026 Last Dividend | - Last Split | - IPO Date |
Overview
LH Shopping Centers Leasehold Real Estate Investment Trust is a specialized real estate investment trust (REIT) that focuses on the ownership and investment of leasehold rights in immovable properties, along with the ownership in movable properties. This REIT operates under the external management of Land and Houses Fund Management Company Limited, tapping into the real estate market with a strategic focus on the retail sector. The firm's flagship investment is in the Terminal 21 Shopping Center, an endeavor facilitated through the acquisition of rights from L&H Property Company Limited. This investment encompasses an expansive area of approximately 97,905 square meters with a lease agreement set to span 26 years, concluding on 31 August 2040. Strategically headquartered in Bangkok, Thailand, the trust leverages the thriving Thai real estate market to cater to its investment objectives.
Products and Services
- Leasehold Right Investment:
- Ownership in Movable Properties:
The trust's core business revolves around investing in leasehold rights of immovable properties. This entails securing long-term lease agreements that grant the REIT the right to utilize the property for a specified term, which in the case of its primary investment, Terminal 21 Shopping Center, extends to nearly three decades. Such investments allow the trust to generate revenue through leasing and subleasing arrangements, capitalizing on the commercial appeal and strategic location of its properties.
Apart from its leasehold rights in real estate, LH Shopping Centers Leasehold Real Estate Investment Trust also invests in movable properties, which includes assets that can be moved from one location to another without altering the property they are removed from. This includes equipment, fixtures, and other tangible assets that are deemed necessary for the operation of the Terminal 21 Shopping Center. This aspect of the trust's portfolio complements its real estate investments, ensuring a comprehensive approach to property management and value generation.
