Thailand's WHA to raise size of Reit to 13b baht

Bangkok

WHA Corp, Thailand's biggest warehouse developer, plans to raise the size of its real estate investment trust (Reit) to about 13 billion baht (S$516.5 million) this month from 9 billion baht, creating the largest Thai warehouse and logistics Reit.

WHA said in a statement on Tuesday that it aims to raise the trust's value by up to 4.5 billion baht by the end of the month.