Deutsche Bank to list China Reit in Hong Kong
RREEF China Commercial Trust is seeking to raise up to $335 million from an IPO to pay for the acquisition of the Beijing Gateway Plaza office towers.
Real estate investment trusts Reits may not be the most popular asset class in the Hong Kong market, but RREEF China Commercial Trust does have a few things going for it that could make it more palatable to the local investor community.
For one, the latest Reit to line up for a Hong Kong listing will be sourcing its assets from the commercial property market in China, where the potential for capital value appreciation is seen as much greater than...
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