Investors place trust in A-REIT

Singapore leads the way in the creation of a new asset class for Asia.

The appeal of a high dividend yield and equity story combining local knowledge with international expertise helped propel a S$240 million $136 million IPO for Ascendas Real Estate Investment Trust A-REIT towards five times oversubscription yesterday Wednesday.

A-REIT's success builds on that of its predecessor CapitaMall Trust CMT, whose similarly sized S$235 million IPO in late July established a new sector for both Singapore and non-Japan Asia. With a REIT, an investor is buying a...

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