Warburgbacked esr mulling over reit ipo of s korean. Prime will be listing a total of 923mil units and making a public offer of 335. Sph reit s eligibility to list on the main board of the sgxst does not indicate the merits of the offering, sph reit, the manager, the trustee, the sponsor, the global coordinator, the joint bookrunners or the units. The information behind this electronic gatepost is only being made available to residents of. Paragon medical is marketed using the slogan exclusivity and convenience, a theme that marries up the requirement for medical services to be provided in a convenient manner with the luxurious nature of paragon mall and the type of customers that it attracts. Esr reit is committed to provide timely information and tools for investors including unit price, distribution information, latest news and corporate reporting. Singapore sph reit, the real estate investment trust of singapore press holdings, soared 9 per cent above its initial public offering ipo price on its trading debut yesterday, with investors. For those who would like to take a peak at the ipo prospectus, you can download it from the mas opera site. In particular, the units of sph reit have not been and will not be registered under the u. Marion sub trust, which is whollyowned by sph reit, on thursday entered into a sale of land contract with investment management platform lendlease. First pureplay china retail reit sponsored by a chinabased group. Sph reit is a singaporebased reit established principally to invest, directly or indirectly, in a portfolio of incomeproducing real estate which is used primarily for retail purposes in asiapacific, as well as real estaterelated assets. Hong kong saw its first reit ipo in six years with china merchants commercial real estate investment trust s debut this month, while south korea also featured a successful property trust listing. Prime us reit is acquiring its ipo portfolio from the kbs reit iii fund.
Prospectus has been lodged with and registered by the monetary authority of singapore the. Such real estate holding an include single family homes condos, apartments, skyscrapers. Reits continue to expand and flourish in ways clearly not contemplated 50 years ago or even a decade ago. Nareit is the worldwide representative voice for reits and publicly traded real estate companies with an interest in u. It has a focus on targeting foreign tourists, but also the higher end of the local. Manulife us reit ipo prospectus and fundamental analysis. Product highlights sheet for elite commercial reit. Securities act, and may not be offered or sold in the united states absent registration or an exemption from the registration requirements of the u. End of the day, a trust like such the most important element is the capital allocator, in this case the manager. Singapore press holding sph reit ipo prospectus my stocks. Another important point is as a manager, 15% of income is confirm plus chop earned in the form of management fee, versus you as the sph reit investor which is 100% from the reit income. The reit lodged a preliminary prospectus to list on the singapore exchange sgx in february 2020. Keppel to acquire stakes in prime us reit and its manager.
The reit will use the ipo proceeds for partial or full prepayment, or. Sph reit sph reit or the company lodged its preliminary prospectus with mas. Prospective investors should carefully read the terms and conditions in the prospectus. Circular to unitholders in relation to the new master tenancy agreements for starhill gallery and lot 10 property and the asset enhancement works for starhill gallery. Securities cannot be offered and applications for securities cannot be accepted unless the prospectus or profile statement is registered by the authority and other requirements provided in the securities and futures act cap. Sph closes in on reit ipo with preliminary prospectus filing likely pushing through despite market uncertainty. United hampshire us reit lodges preliminary prospectus. Singapore press holding sph reit ipo prospectus my.
Netlink nbn trust, which owns 100% of the units in netlink trust, has a nationwide network that is the foundation of singapores next generation nationwide broadband network next gen nbn, over which ultrahighspeed internet access is delivered throughout mainland singapore and its connected islands. Circular to unitholders in relation to the proposed development management fee supplement to the trust deed. However, it is very unlikely for someone to read the whole ipo prospectus because it is usually a few hundred pages thick. I actually think the fairest comparison here may be sph reit, and lendlease global commercial reit s 6% yield is much higher than sph reit s 5. So yeah, based purely on valuations, this reit looks somewhat undervalued. Embassy office parks is a mainboard reit of 158,333,200 equity shares of the face value of. United hampshire us reit to list on sgx with 22 selfstorage, grocery properties the ipo price represents a yield of 7. Elite commercial reit lodges preliminary prospectus. Singapore, 17 july 20 singapore press holdings limited sph or the sponsor is pleased to announce that its whollyowned subsidiary sph reit management pte. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. Prospectus circulars offer documents singapore exchange ltd.
Please download the free adobe acrobat reader to view these documents. Its almost as if lendlease saw the past few disasters of a reit ipo, and decided to leave some money on the table. Reits ipos by the online investor staff, updated tue. Ireit is the first sgxst listed reit established with the investment strategy of principally investing, directly or indirectly, in a portfolio of incomeproducing real estate in europe which is primarily used for office purposes, as well as real estaterelated assets. Sph reit is established principally to invest in a portfolio of incomeproducing real estate. The ipo will close on 30 sep 2019 at 12pm and start trading on 2 oct 2019 at 2pm. Since the legislation that first created reits in the 1960s, there is no question that much has changed in the world of real estate and real estate finance. United hampshire us real estate investment trust reit has lodged a preliminary prospectus to list a usfocused singapore reit on the. The information behind this electronic gatepost is only being made available to residents of singapore. Introduction to sph reit sph reit is a singaporebased real estate investment trust reit established principally to invest, directly or.
Sasseur asset management joins sgx bull charge as premium partner. Reit ipo conversion and nontraditional reit transaction. Application has been made to singapore exchange securities trading. Kbs asia partners, the reit sponsor, will own a 40 per cent stake in the reit manager, instead of 60 per cent as earlier indicated, as sph, which owns the business times bt, plans to acquire a 20 per cent stake in the reit manager, subject to regulatory approval. I will be sharing here some of the main items i will look at in the ipo prospectus for a reit. Reit prospectus prospectus for reit real estate investment trust services prospectus. So what shall we look out for in an ipo prospectus. Investors can apply from the atm and internet banking website of participating banks. The sgxst assumes no responsibility for the correctness of any statements or opinions made or reports contained in this prospectus. Sph added that times properties would subscribe for a 6.
Facebook twitter linkedin download from the app store. Sasseur reit ipo 5 key things you need to know before you. Elite commercial reit files preliminary prospectus. Nareits members are reits and other businesses throughout the world that own, operate, and finance incomeproducing real estate, as well as those firms and individuals who advise, study, and service those businesses. Sph is going ahead with this ipo amid rising interest rates and lackluster. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. In particular, the units of prime us reit the units have not been and will not be registered under the united states securities act of 1933, as amended the us securities act, and may not be offered or sold in the united states unless registered under the us securities act, or. Sph reit corporate action dividends rights splits sgx. Total debt 840,892,000 page 43 balance sheet of sph reit ipo prospectus total asset 3,116,166,000 page 43 balance sheet of sph reit ipo prospectus gearing ratio 27%. Sasseur reit ceo anthony ang interviewed by money fm 89. Sph reit is a singaporebased real estate investment trust established principally to invest, directly or indirectly, in a portfolio of incomeproducing real estate which is used primarily for retail purposes in asiapaci. Singapore including stock price, stock chart, company news, key statistics, fundamentals and company profile. Listed on the singapore exchange securities trading limited sgxst on date,to be added only on listing day it is established.
According to draft prospectus filed by mindspace, the reit is targeting to raise. Sph reit about us the manager our portfolio investor relations newsroom contact us. Looks like sph is the latest company to spin off their property assets into a reit ipo. For example, the ipo prospectus for sabana reit comes with a whopping 480 pages. Reit prospectus prospectus for reit real estate investment trust services s team is the global leader in writing real estate prospectuses for reits. A real estate investment trust, or just reit for short, is security investment vehicle that invests in real estate. Sph closes in on reit ipo with preliminary prospectus filing. Beijing retail reit is the first retail reit sponsored by an established homegrown retail retail property operator in the prc beijing hualian department store co. The manager of the proposed elite commercial reit has filed a preliminary prospectus to list on the singapore exchange sgx it will be the first ukfocused singapore reit. In what is poised to be 2020s first initial public offering ipo on the singapore exchange, elite commercial reit management has lodged a preliminary prospectus to list a ukfocused singapore reit real estate investment trust on the mainboard. Going public as a reit or converting to a reit is a monumental decision.