Company Overview

Business Description

Sector
Real Estate
Industry
Real Estate
Headquarters
Thailand TH
IPO date
Feb 28, 2018

Bualuang Office Leasehold Real Estate Investment Trust, or B-WORK, is a Thai office-property trust that owns long-term lease rights in office buildings and earns income by renting space to business tenants. In simple terms, it acts like a landlord for office buildings rather than a property developer or broker.

Its main customers are companies that need office space, including corporate tenants that sign lease contracts for workspaces, parking, and related building services. The trust makes money mainly from rental income and other property-related charges paid by those tenants.

What makes this business model different is that B-WORK sits in the middle of the real estate income chain: it buys or holds office property rights, collects steady lease income, and passes that cash flow through to investors in the trust. Its performance depends on tenant occupancy, lease renewals, and the quality of the office assets it owns.

Bualuang Office Leasehold Real Estate Investment Trust Investor Relations

Address
175 Sathorn City Tower, Floors 7, 21 and 26,, Sathorn Tai Road, Thung Maha Mek, Sathorn,
Bangkok, Bangkok Metropolis
Thailand

Business Segments

Office leasing

The trust owns leasehold office buildings and rents space to tenants who need workspaces, such as companies and professional firms. It collects income from leasing offices and from related property services tied to those...

Customers and revenue model

Management