Mapletree Industrial Trust MIT will become only the second real estate investment trust Reit to list in Singapore in almost three years after an initial public offering that attracted a huge following from institutional investors. This enabled the issuer to fix the price at the top end of the range for a total deal size of S$887.6 million $679 million.
It will also be the second Reit from the Mapletree group, a Singapore-based real estate investment and management company, following Mapletree Logistics Trust, which listed in July 2005. MIT invests in income-yielding industrial real estate, including business park buildings, flatted factories, stack-up and ramp-up buildings, and hi-tech industrial buildings, but not in properties that...
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