Australian REIT seeks dual listing in Singapore

MacarthurCook plans a dual listing of its property securities fund allowing Singaporeans to invest locally in global real estate.
Up and coming Australian property investor, MacarthurCook has filed a prospectus to float its ASX-listed property securities fund on the Singapore Stock Exchange, raising S$100 million in the process.

The float is the first dual listing of a REIT in Asia and will give Singaporean investors access to a high yielding global real estate portfolio while buying units and receiving distributions in local currency.

The listing is a bold and daring move for a company that only began operations in the region at the end of last year. ôWeÆve spent the last 12 months researching the market carefully,ö says the firmÆs Melbourne-based managing director, Craig Dunstan.

MacarthurCookÆs property securities fund was listed...
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