Tesco fund launched

THURSDAY, FEBRUARY 09, 2012
Tesco fund launched

Tesco Lotus on Thursday announced the plan to launch initial public offering (IPO) of Tesco Lotus Retail Growth Freehold and Leasehold Property Fund (TLGF).




 Launched as Tesco Lotus celebrates the 17th anniversary, the fund will initially invest in the most geographically diversified portfolio of 17 high quality hypermarkets in prime locations. The total appraised value of the 17 properties - the majority of which are freehold - is more than Bt17 billion.

With the size, it will be Thailand's largest property fund IPO>