Allco Commercial prices first pan-Asian REIT

Geographically-diversified assets receive mixed response from investors.
Allco Commercial Real Estate Investment Trust has priced its REIT in the middle of the indicated range at S$1 per unit, which fixed the total deal size at S$495 million $305 million.

The vehicle comprises office and retail properties in Singapore and Australia with a combined total asset value of about S$680 million. This makes it unique among Asian REITs in terms of geographical diversification û a fact that some investors said made it more attractive.

However, one observer noted that some Singapore-based investors didnÆt feel familiar enough with the Australian market and the sponsor of the REIT to commit to this hybrid offering, and some no doubt chose to wait instead for...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222