TPARK LOGISTICS PROPERTY FUND (TLOGIS)

Part 2 : Information on TPARK Logistics Property Fund
1. Information on types of business and trend
Types of Business
As of 31 March 2011, the Fund invested in lands and buildings, being 5 warehouses (15
units) for rent, located in 2 logistics project, as follows:
1. Land with warehouses, totaling 2 units (5 units), located at TICON Logistics Park -
Wangnoi Project, Tambon Phayom, Amphur Wangnoi, Ayutthaya Province.
2. Land with warehouses, totaling 3 units (10 units), located at TICON Logistics Park
- Bangna Project, Tambon Bangsamuk, Amphur Bangpakong, Chachoengsao
Province.
This will include the opportunity of generating income and return from those immovable
properties, including modification, alteration, development, and/or sales of assets invested in or
acquired by the Fund, through leases, and/or sales or any undertakings for benefits of those assets.
These will be aimed at generating income and return for the Fund and unitholders, including
investment in other assets, and/or securities, and/or other profit-seeking methods, specified under
the securities law and/or other applicable laws.
Industrial Property Market
Warehouse-for-rent
Year 2010 was accepted as a business recovery year for Thailand from the world financial
crisis. For the factory-for-rent sector has recovered result from the recovery of Electronic Part Sector
for ready-built factory (RBF) since the beginning of 2010 and from the recovery of Automotive
Part since the second half of the year. As a result, the warehouse-for-rent sector will normally be
recovered within 6 months after the recovery of the factory-for-rent sector.
The Fund’s tenants can be grouped into 3 major sectors as follows:
(1) Tenants in retail business sector holding a lease area of almost half of total lease
areas owned by the Fund have not been directly affected from the preceding financial
crisis.
(2) Tenants in logistics services sector holding around 30% of total lease areas have not
been directly affected from the preceding financial crisis.
(3) Tenant in manufacturing sector holding around 20% of total lease areas have been
slightly affected from the preceding financial crisis.
The Fund’s warehouses have been currently fully rented, which one vacant warehouse has
been rented in the second half of 2010 resulting a full occupancy of 100%. All tenants which the
lease will expire in this year have already renewed contacts with the Fund. In addition, the Fund
has also been guaranteed a minimum rental of Baht 118.5 million per annum by the property
manager. These are to guarantee that the Fund shall be able to make dividend payments to the
unitholders at some certain level.
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