Singapore Reit IPOs raise a combined $863 million

SPH Reit attracts the most demand of the two and prices at the top of the range to raise $393 million, while OUE Hospitality is expected to price at the bottom for a total deal size of $470 million.
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Orchard Road, Home to SPH's Paragon mall, is Singapore’s number one shopping and tourist area
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<div style="text-align: left;"> Orchard Road, Home to SPH's Paragon mall, is Singapore’s number one shopping and tourist area </div>

OUE Hospitality Trust is set to price its initial public offering at the bottom of the range for a total deal size of S$600 million $470 million, according to sources. This comes after SPH Reit confirmed yesterday that it had raised S$503.9 million $393 million after fixing the price of its IPO at the top.

The two real estate investment trusts Reits, which feature assets that are located just across the road from one another, show that investors are still interested in yield plays with good assets as long as they are priced appropriately.

Based on the final price, SPH Reit, which focuses on retail...

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