Soilbuild Reit set to raise $360 million from IPO

The business space trust fixes the price at S$0.78 for a 7.7% yield after attracting good demand from long-only funds and real estate specialists.

Soilbuild Reit set to raise $360 million from IPO
Soilbuild trust focuses on industrial properties and business parks

Soilbuild Business Space Reit will raise S$457.5 million $360 million from its Singapore initial public offering after fixing the price at S$0.78 per share, a source said Wednesday.

The trust, which focuses on industrial properties and business parks, is due to start trading on August 16 and will be the third real estate investment trust Reit to list in Singapore in less than a month.

According to a source, there was very...

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