Wednesday, August 7, 2013

Soilbuild Business Space REIT

Soilbuild Business Space REIT: Set to price its $457m IPO at the bottom end of its indicative price range between $0.78-$0.80. The REIT’s initial portfolio holds seven properties, including two business park developments and five industrial projects, with a net leaseable area of about 3m sf. At $0.78, Soilbuild Business Space REIT offers a yield of 7.7% based on projections for fiscal 2014. Citigroup Inc., DBS Group Holdings Ltd. (DBS) and Oversea-Chinese Banking Corp. are managing the offering.

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