King & Wood Mallesons, Allen & Overy on $780 Million Singapore REIT IPO
If successful, the offering by Dynasty REIT will be the largest in Singapore so far this year. It will also be the first listing in Singapore denominated in Chinese currency.
By Jessica Seah|October 11, 2012|Originally published on International
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
King & Wood Mallesons and Singapore firm
Allen & Gledhill are advising a Singapore-based real estate investment trust on a renminbi-denominated initial public offering on the Singapore Exchange.
The offering by Dynasty REIT could raise up to $780 million, potentially making it the largest IPO in Singapore so far this year. It will also be the first listing in Singapore denominated in Chinese currency. Proceeds from the offering will be used for working capital and to pay for the acquisition of properties.
The listing is being sponsored by ARA Asset Management Ltd., which is injecting the three initial properties–mainland China retail and commercial properties in Nanjing, Dalian, and Shanghai–into the REIT.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters.
Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss.
Tailored just for you. In your inbox. Every day.