Summary Prospectus of TPARK LOGISTICS PROPERTY FUND

Prospectus for the Offering of Additional Investment Units (2 nd Capital Increase) TPARK LOGISTICS PROPERTY FUND
The Risk Associated with the Ability to Generate Income from the Leased Properties which will Affect
the Income of the Fund
1. Risk from Increasing Competition which may Reduce the Price of Rent
Various real estate companies that operate in the market in which the Fund operates will compete with the
Fund in acquiring other properties and obtaining creditworthy tenants to occupy such properties. Such
competition could adversely affect the Fund’s performance. Many of these competitors may have significant
financial and other resources allowing them to compete effectively with the Fund. This competition may
increase the Fund’s costs of acquisition or lower the Fund’s properties occupancy rates and rent charged to
tenants.
2. Risk from the Ability to Pay Rent and Services of the Tenants
The Fund’s financial success indirectly depends on the success of the businesses operated by the tenants of
the Fund and their ability to pay rent. This weakening of the financial condition of a significant tenant or a
number of smaller tenants or vacancies caused by defaults of tenants or the expiration of leases may adversely
affect the Fund’s operations. Each existing tenant has paid a deposit in an amount equivalent to 3-4 months’
rent and the Fund is entitled to retain such deposit in the event that the Fund is unable to collect the rent from
the tenant. However, in the event that it becomes necessary to evict a tenant due to non-payment of rent or
other breach of lease agreement, the time it takes to evict the tenant under Thai law and/or the time it takes
to re-let the premises may exceed 6 months. Such delay would definitely affect the income of the Fund
directly. To lessen this risk, the Fund has assigned an independent auditor to review the status of the days of
rent and service fees payments of the tenant and review the occupancy rate of the properties to be invested
from this Capital Increase.
For the properties already invested, there is a rent and service fee income guarantee by the Property Manager
to reduce part of this risk.
3. Risk from Termination or Non-renewal of Lease Agreements
Tenants have the right to terminate their leases upon the occurrence of certain customary events of default
and in other circumstances may not renew their leases. Moreover, market conditions may change resulting in
the tenants renewing leases on terms that are less favorable to the Fund than the terms of the current leases.
In the event that a significant number of tenants do not renew their lease agreements and the Fund is unable
to replace such tenants, there will be a direct effect on the cash flow and the performance of the Fund.
4. Concentration Risk Arising from Major Tenants Not Renewing Contracts After Capital Increase
The Fund depends on the tenant’s business success and growth. The income from rent from the 5 major
tenants accounts for 40.93% of the total rent and service fees income of the Fund after the Capital Increase.
Therefore, if such major tenants do not renew their lease agreements, the Fund’s income will be adversely
affected. However, the proportion of income from the 5 major tenants will reduce in the future if there is
another Capital Increase.
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This English version of this prospectus is only for informational purposes. Interpretation and construction must still be based on the Thai Text