Chandler MHM advised on the conversion of the Quality Houses Leasehold Property Fund, a major property fund, into the Quality Houses Business Complex Leasehold Real Estate Investment Trust. This is a significant conversion, given that the fund's assets include the Q House Lumpini Project, Q House Ploenchit, and Wave Place, all major office complexes in Bangkok. The two key unitholders are Quality Houses Public Company Limited, a major property developer, and Land and Houses Securities Public Company Limited, a securities brokerage and subsidiary of LH Financial Group PCL. The transfer of the fund's assets and liabilities was completed on December 4, 2024.

The conversion to a REIT will enable the fund to raise capital for further real estate investments. As REITs are globally recognized investment vehicles with strict regulations and oversight, this will make the fund more attractive to investors.

The team from Chandler MHM was led by Tananan Thammakiat, supported by Namita Tangphithakphaibun and Nutcha Panomsuk.

Tananan Thammakiat, Partner, commented, “This is a significant conversion of a property fund into a REIT, bringing benefits for investors and setting a precedent in the market. We are proud of our team in ensuring a smooth completion of this transaction on time.”

Tananan Thammakiat is recognized as a leader in the Thai market for real estate and REITs and is ranked by independent global legal publications.