Starhill yields Reit IPO for Malaysia

Malaysia's YTL Corporation raised M$513 million ($136 million) from the spin-off this Friday (December 2) of some of its property assets into a Reit. The DBS, ECM Libra and HSBC led transaction for Starhill Reit represents the first benchmark listing of a Malaysian Reit following a smaller $32.5 million deal for Axis Reit back in August.