Chandler MHM advises Bangkok Airways Public Company Limited (Bangkok Airways) on the establishment of BA Airport Leasehold Real Estate Investment Trust (“BAREIT”) to invest Bangkok airways Samui Airport-based asset. This is Bangkok Airways first Real Estate Investment Trust (REIT) in Thailand to invest in an airport asset. BAREIT will receive income from the sublease of its assets to Bangkok Airport Management Co., Ltd. (a subsidiary of Bangkok Airways). The trust units will be tradeable on the Thai Stock Exchange from 14 September 2022. The team was led by Tananan Thammakiat (Partner). She was supported by Worapan Wuttisarn (Counsel), Namita Tangpitukpaibul (Senior Associate), Tanyamai Thanissranont (Senior Associate), Nathaorn Yingseree (Associate), Mai Lertpanyanuch (Associate), Paranee Tangpaiboolsuk (Associate) and Nutcha Panomsuk (Associate). In addition Worapan Wuttisarn (Counsel), Tip-apa Limvichai (Counsel), Varisa Soonyakanit (Associate) and Kun Tanarattananon (Associate) advised on financing aspects of the transaction. Tananan commented “We are proud to have advised on this unique transaction, which was unique given the nature of the assets being invested in”. If you have any questions in relation to this please contact our business development team at bd@mhm-global.com