Retail-focused REIT raises $169 million ahead of Singapore listing
Solid demand allows for mid-range pricing and shows investors haven't given up on Singapore REITs despite rising interest rates.
Frasers Centrepoint Trust, a Singapore-based real estate investment trust focusing on retail properties, has raised S$269.8 million $169 million from its initial public offering after fixing the price just below the mid-point of the range.
The IPO, which comes less than two weeks after Cambridge Industrial Trust had to pull its REIT offering due to a lack of demand among institutional investors, suggests there is still life in the Singapore REIT sector now that global equity markets seem to...
To continue reading, please login or register for free