KEY QUALIFICATIONS

Namita is a Senior Associate at Chandler MHM Limited. She specialises in Real Estate Investment Trust (REIT), Real Estate and Mergers and Acquisitions.  

Namita has been involved in in establishment, including capital increase, of several of major Real Estate Investment Trusts (REITs) and property funds for public offering (PFPOs) a structure similar to Real Estate Investment Trusts and the conversion of PFPO to REIT in Thailand, which include shopping malls, factories, office buildings, residential buildings and hotels. Her experience also includes advising client on a number of mergers and acquisitions both domestic and cross-border transactions. Recently, she has been actively engaged in real estate investment transaction in Thailand.

RELEVANT CLIENT EXPERIENCE

Some Representative Transactions:

• Bangkok Airways Public Company Limited in setting up a Real Estate Investment Trust, namely “BAREIT” and a REIT Manager to manage the REIT in Thailand. BAREIT was the first REIT which invested in airport properties in Thailand and in 2022 was one of the five largest REIT IPOs in Thailand.
• Internet Thailand PCL on the setting up of INETREIT, which is the first real estate investment trust to invest in a data center in Thailand and advised on the establishment of the REIT Manager to manage the REIT in addition to advising Internet Thailand PCL and KASIKORNBANK PCL on the financing for the investment.
• WHA Industrial REIT Management Co., Ltd, as the REIT Manager of Hemaraj Leasehold Real Estate Investment Trust (HREIT), in respect to its second capital increase, and represented Kasikorn Bank Public Company Limited as the lender to HREIT. The purpose of the capital increase and fund raising is to invest in new assets.
• FRASERS PROPERTY THAILAND INDUSTRIAL FREEHOLD & LEASEHOLD REIT (FTREIT) on conversion of (1) TICON Property Fund, (2) TPARK Logistics Property Fund, (3) TICON Industrial Growth Leasehold Property Fund into a REIT by having FTREIT receive transfer of assets (factory buildings/warehouse buildings) and liabilities from such conversion in 2017. Post conversion, FTREIT total asset value was: USD 1.1 billion (approx.)
• Bhiraj REIT Management Company Limited, as the REIT Manager of Bhiraj Office Leasehold Real Estate Investment Trust (“BOFFICE”), in respect to its capital increase, and represented Kasikornbank Public Company Limited (KBank) as the lender to BOFFICE. The purpose of the capital increase and fund raising is to invest in new assets. This is the first capital increase of BOFFICE.
• a Thailand-based company engaged in the business of fund management on the establishment of the first Real Estate Investment Trust (REIT) to invest in healthcare assets.
• KrungThai Bank Public Company Limited and Bank of Ayudhya Public Company Limited as the lenders to CPN Retail Growth Leasehold Real Estate Investment Trust (CPNREIT) to raise funds for CPNREIT to invest in new assets. The assets were purchased from Central Pattana Public Company Limited and its subsidiaries and GLAND Office Leasehold Real Estate Investment Trust (GLANDRT). (This was one of the biggest loans arranged in the market to date for a REIT investment).
• a Thailand-based company engaged in the business of fund management on the establishment of a Real Estate Investment Trust to invest in mixed asset types including data centers and hyper markets. The client aims to establish its first mixed asset type of Real Estate Investment Trust in Thailand to invest in data centers and hyper markets.
• GLAND Office Leasehold Real Estate Investment Trust (GLANDRT) on the divestment of all its assets to the CPN Retail Growth Leasehold Real Estate Investment Trust. CPN is one of Thailand's largest retail property development and investment companies. It is a business unit under its parent, the Central Group. This was the first divestment transaction between a REIT and another REIT. Post divestment, GLANDRT will be the first REIT in Thailand to be dissolved.
• Food Factor on the acquisition of the majority of shares in a food chain company which through its own stores and franchise agreements operates more than 100 outlets in aggregate, primarily in Thailand.
• Mitsubishi Estate Co., Ltd. in the acquisition of 30% of shares in Central Village Company Limited from Central Pattana Plc. (“CPN”). The target is a subsidiary of CPN which operates the first luxury outlet mall in Thailand. The transaction involved an ongoing administrative case between the target and the AOT regarding a dispute on Highway 370.

EDUCATION

• Peking University (LL.M. in Chinese Civil and Commercial Law, Chinese Government Scholarship, 2016)
• Chulalongkorn University (LL.B. with 1^st Class Honors, 2011)

QUALIFICATION

• Thai Barrister at Law, 2011
• Thai lawyer license, 2012

MEMBERSHIP

• Ordinary member of Thai Bar Association
• Member of the Lawyers Council of Thailand