malls

Tesco’s Thai property fund plans to invest in five additional shopping malls, the first asset acquisition since its March IPO.

The retail mall trust kicks off the roadshow today for an IPO of about $250 million and an indicated yield of up to 5.8% for 2013.

The trust, which focuses on retail malls in Malaysia, becomes the latest Reit to seek a listing in Southeast Asia as investors clamour for yield.

Singapore-listed Fortune Reit will add three more shopping centres to its portfolio of Hong Kong retail properties at a total cost of $270 million.

Hong Kong's first new listing in two months gains 4.4% after late buying by a couple of Chinese institutions.

The Chinese underground mall operator raises $435 million from a reduced offering, but fails to attract international investors.

Underground shopping mall operator Renhe takes on the challenge of becoming the first company to attempt a Hong Kong IPO after the summer.