Frasers Centrepoint kicks off S-Reit IPO

Singapore property developer launches transaction with an accelerated schedule and targets to complete bookbuild before US rate hike decision on June 15.

Frasers Centrepoint kicks off S-Reit IPO

Frasers Centrepoint is pressing ahead with the initial public offering of an Australian real estate investment trust in Singapore but the timing might be less than ideal with a US interest rate hike looming next month.

On Friday the Singaporean property developer began bookbuilding for the S$903 million $663 million Frasers Logistics Industrial Trust, which is backed by its Australian assets acquired through the takeover of Australand Property Group in 2014.

The...

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