Fubon gets it Reit first time

Taiwan''s first Reit is expected to come to market in mid-August.

Fubon Construction is set to launch Taiwan's first real estate investment trust Reit in July. Advisers to the NT$6 billion $180 million deal are finalizing documentation and preparing offering circulars ahead of an expected filing date some time in early July.

The Reit will comprise three buildings two office towers - Fubon Life Insurance Building and Aegon Building - and, unusually, a residential building. A typical Reit includes buildings of a similar profile, shopping malls for instance, so that investors can more easily manage their exposure to specific sectors of the property market.

But, according to an adviser to the deal, Fubon's residential property actually behaves...

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