AIRA Capital Public Company LimitedAIRA plans to list its Ira Property subsidiary on the stock exchange and bring assets into a REIT, a corporate/valuation event.

Ms. Nalinee Ngamsethamas, Chief Executive Officer of Ira Capital Public Company Limited (AIRA), revealed that the company operates as a holding company and plans to list Ira Property (AIRA Property), which holds shares in the Spring Tower office building, on the stock exchange. It is expected that the filing of the registration statement or Form 56-1 will begin late next year, after the business starts generating profits. Meanwhile, AIRA is also expanding its real estate portfolio through a new hotel project on Silom Road with 301 rooms, which is expected to begin construction within this year and take about 2-3 years to develop. In addition, the company is considering bringing assets into a real estate investment trust (REIT) within the next two years. The financial business, which is a key business base, remains strong, with the joint venture Ira and Iful (A&A) generating profits of over 140 million baht in the first one to two quarters of this year.
AIRA Capital Public Company LimitedAIRA plans to list its Ira Property subsidiary on the stock exchange and bring assets into a REIT, a corporate/valuation event.
Ira Property, holding the Spring Tower office building, is being prepared for an IPO filing late next year.
The Ira and Iful (A&A) joint venture generated over 140 million baht in profits in the first one to two quarters, supporting AIRA's financial base.