A-Reit heralds real estate bonanza

Could the success of A-Reit''s recent placement be the start of a real estate financing boom, helped, ironically, by the failure of Link Reit?

Singapore property investment trust A-Reit priced its inaugural capital raising of the year on Monday meeting a warm welcome from investors. The S$205 million $126 million placement of new units was nearly four times subscribed. And although the deal was said to be covered at the strike price, the lead managers, Citigroup and UBS, decided to price at a 1% discount to the adjusted close, leaving some upside for investors.

Some 75 orders were received,...

To continue reading, please login or register for free

Click for more on: areit | heralds | real | estate | bonanza

Print Edition

FinanceAsia Print Edition

CONFERENCES