SRT Leases 10 Land Plots, RCA 80 Rai, Bang Sue for 100B+ Returns

Matichon•Economy•268d ago

Reader Briefing

The State Railway of Thailand (SRT) is set to generate over 100 billion Baht from leasing 10 major land plots, including the significant RCA 80 rai site, following a successful 30-year lease agreement for Central Ladprao valued at 47 billion Baht.

•SRT has finalized a 30-year lease for Central Ladprao worth 47 billion Baht, including 4.5 billion for renovations and 42.5 billion in compensation.
•Ten large SRT land parcels, including RCA 80 rai and strategic locations in Bang Sue, Hua Hin, and Hath Yai, are expected to yield over 100 billion Baht.
•The RCA 80 rai plot, currently leased by Narai Ruam Phatthana, is under negotiation for a 30-year renewal with a target return exceeding 1.4 billion Baht.

Overview

•Following successful lease closure for 'Central Ladprao' at 47,000 million Baht for 30 years, SRT is focusing on other large land assets.
•The 'Central Ladprao' lease includes 4,500 million Baht for renovations and 42,500 million Baht in compensation, with SRT receiving over 33,000 million Baht.
•Neighboring RCA 80 rai, formerly leased by Narai Ruam Phatthana, is being negotiated for a 30-year lease renewal.
•The target return for the RCA 80 rai lease renewal is set at over 1,400 million Baht.
•The RCA 80 rai is currently under a temporary extension until June 2047 (B.E. 2570).
•SRT is designating Bang Sue plot E1 (21 rai) for the Ministry of Transport to build a new headquarters.
•SRT plans to lease additional large plots including 'Mae Nam Station' (220 rai), 'Phahonyothin' area (10 rai), Makkasan (over 1 rai), adjacent to A.T.O.K. intersection (over 6 rai), Si Arahsarn Station (257 rai), Hua Hin Golf Course (558 rai), and 'Hatyai Station' plot B (over 13 rai).
•An estimated 27,500 million Baht in asset value based on government appraisals will be managed to generate revenue, anticipating over 100,000 million Baht in returns.

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Key Entities

Organization

State Railway of Thailand (SRT)(ร.ฟ.ท.)ℹ️

The organization managing and leasing large land parcels for revenue generation, including plots in RCA, Bang Sue, and Hua Hin.

Narai Ruam Phatthana Company Limited(บริษัท นารายณ์ร่วมพิพัฒน์ จำกัด)

The former lessee of the RCA 80 rai land plot, currently in negotiations for lease renewal.

Sophonpanich Group(กลุ่มโสภณพนิช)

The associated business group of Narai Ruam Phatthana Company Limited, which has a lease on the RCA 80 rai land.

Boon Rawd Brewery Company Limited(บริษัท บุญรอดบริวเวอรี่ จำกัด)ℹ️

The former lessee of the Hua Hin golf course and hotel, with a lease that ended in 2015 (B.E. 2558).

Ministry of Transport(กระทรวงคมนาคม)ℹ️

The government ministry responsible for constructing a new headquarters on SRT land in Bang Sue plot E1.

SRTA

An entity that signed a 30-year lease agreement for Central Ladprao with the State Railway of Thailand (SRT).

Place

Central Ladprao(เซ็นทรัลลาดพร้าว)ℹ️

A location for which the State Railway of Thailand (SRT) has signed a 30-year lease agreement worth 47 billion Baht.

RCA

An 80 rai land plot leased by the State Railway of Thailand (SRT) currently under negotiation for a 30-year lease renewal.

A.T.O.K.(อ.ต.ก.)

A corner plot of over 6 rai in the Phahonyothin area leased by the State Railway of Thailand (SRT).

Mae Nam Station(สถานีแม่น้ำ)

A 220 rai large land parcel along the Chao Phraya River to be developed by the Ministry of Transport for a new headquarters.

Phahonyothin Area(ย่านพหลโยธิน)

A general area where the State Railway of Thailand (SRT) is leasing land, including a 10 rai plot near Sunday Market and Mix Jatujak, and a corner plot near A.T.O.K.

Si Arahsarn Station(สถานีศิลาอาสน์)

A 257 rai land parcel managed by the State Railway of Thailand (SRT) for lease.

Hatyai Station(สถานีหาดใหญ่)

A plot designated as 'B' of over 13 rai managed by the State Railway of Thailand (SRT) for lease.

Hua Hin(หัวหิน)ℹ️

A location where the State Railway of Thailand (SRT) is leasing a 558 rai golf course and hotel, previously leased by Boon Rawd Brewery.