Mitihoon – Frasers Property Commercial Asset Management (Thailand) Co., Ltd. Or “FPCAMT”, the REIT management of Golden Ventures Leasehold Real Estate Investment Trust (“GVREIT”), announced its operating results for the fourth quarter of fiscal year 2025 (July – September 2025). Total revenue for the quarter was THB 277.19 million, bringing FY2025 total revenue to THB 1,136.75 million. GVREIT will pay a 4Q FY2025 distribution at THB 0.1825 per unit, equivalent to a total distribution of THB 148.7 million, scheduled for 24 December 2025. The full-year FY2025 distribution amounts to THB 0.7824 per unit.
In the fourth quarter of 2025, GVREIT maintained an average occupancy rate of 84%. Park Ventures Ecoplex recorded an average occupancy of 96%, while Sathorn Square recorded 80%, both exceeding the average occupancy rate for office buildings in Bangkok.
Thanarat Boonyakosol, Managing Director of Frasers Property Commercial Asset Management (Thailand) Company Limited, stated, “Through continued tenant engagement and targeted marketing, the Trust is committed to maintaining a strong portfolio occupancy rate. We are well-positioned to capture flight-to-quality demand with our competitive rental rates, service quality and clear value propositions for each building.”
According to CBRE, as of the third quarter of calendar year 2025, the office market continues to face pressure from new supply, as well as the increasing number of fully furnished offices entering the market across both CBD and non-CBD areas. As a result, tenants are increasingly seeking modern office buildings with green building certifications (source: BAY).
GVREIT continues to prioritise ESG considerations to enhance the quality and competitiveness of its Grade-A office assets under management. As of 31 October 2025, TRIS Rating affirmed GVREIT’s company rating at ‘A-’ with a Stable Outlook, marking the seventh consecutive year of such affirmation since the trust’s inception. The Trust had also participated in GRESB sustainability benchmarking for the fourth consecutive year and received a 3-star rating out of 5, underscoring its commitment to sustainable operations.
“For the fiscal year 2026, the Trust will remain focused on maintaining high service standards to retain current tenants, while adopting more flexible leasing strategies to attract new tenants and sustain competitiveness in the office rental market. This will be coupled with efficient expense management aligned with revenue performance, with the goal of delivering sustainable long-term returns for unitholders.” Thanarat concluded
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