Mitihoon – Colonel Dr. Phichai Namsirikul (third from right), Chairman of Directors of RMI Co., Ltd. as the REIT Manager, along with Ms. Wanphen Mungpiensakul (second from left), Managing Director, and other executives and board members of IMPACT Growth REIT—Thailand and Asia’s largest exhibition and convention center leader—participated in the 2025 Annual General Meeting. The unitholders meeting approved a long-term lease agreement, granting IMPACT Live Nation Co., Ltd. (ILN) the rights to lease the IMPACT Arena building and land for 20 years. This strategic move ensures stable rental income for the REIT, with a total contract value exceeding 4.617 billion baht. The event took place on April 3, 2025, at 10:00 AM via electronic media, hosted at the IMPACT Forum Convention Center, Muang Thong Thani.
The approval aims to ensure sustainable rental income from IMPACT Growth REIT’s key assets, particularly IMPACT Arena, Thailand’s largest indoor concert venue. With high demand from both domestic and international artists, IMPACT Arena is a vital revenue driver for the REIT. Under the lease agreement, ILN will oversee modernization efforts without requiring REIT investment, enhancing its competitiveness and market share.
IMPACT Live Nation Co., Ltd. (ILN) is a joint venture between IMPACT Exhibition Management Co., Ltd. and Live Nation Entertainment (LN), a global leader in concerts, events, and venue management. Live Nation has been a major revenue contributor to IMPACT Arena and will continue to host world-class concerts and events at the venue.
This strategic partnership is expected to optimize asset utilization, reinforce IMPACT’s position as a global entertainment destination, and support long-term, sustainable revenue growth for the trust.
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