Singapore a REIT listing magnet for India firms

The Economic Times, 12 Apr 2010
The success of Singapore's first real estate trust offering this month has prompted talk that other similar, previously shelved, offerings are now being dusted off.
India's top real estate firms, DLF Ltd and Unitech Ltd may revive their Singapore IPO plans, banking sources said, while the Embassy Group is actively looking into raising funds in the city state.
Cache Logistics Trust raised $300 million after its IPO was priced at the high-end of an indicative range at a time when Asia's IPO markets have seen mixed success since last year's bull run. The stock rose 13 percent on its debut on Monday. Full Story