Cache Logistics Trust has raised S$417.3 million ($299 million) from the largest Singapore initial public offering since CapitaLand spun off its Asian shopping mall business in November last year. It is also the first real estate investment trust of size to go public in Singapore since November 2007, although Indiabulls Property Investment Trust, which listed in June 2008, had Reit-like qualities, including a commitment to pay out at least 90% of its distributable profit and a cap on its gearing ratio at 35% (60% for Reits with a credit rating). Full Story
Singapore's first Reit IPO in two years raises $299 million
FinanceAsia, 7 Apr 2010
Cache Logistics Trust has raised S$417.3 million ($299 million) from the largest Singapore initial public offering since CapitaLand spun off its Asian shopping mall business in November last year. It is also the first real estate investment trust of size to go public in Singapore since November 2007, although Indiabulls Property Investment Trust, which listed in June 2008, had Reit-like qualities, including a commitment to pay out at least 90% of its distributable profit and a cap on its gearing ratio at 35% (60% for Reits with a credit rating). Full Story
Cache Logistics Trust has raised S$417.3 million ($299 million) from the largest Singapore initial public offering since CapitaLand spun off its Asian shopping mall business in November last year. It is also the first real estate investment trust of size to go public in Singapore since November 2007, although Indiabulls Property Investment Trust, which listed in June 2008, had Reit-like qualities, including a commitment to pay out at least 90% of its distributable profit and a cap on its gearing ratio at 35% (60% for Reits with a credit rating). Full Story
