OUE Commercial REIT

OUE Commercial REIT: Has priced its units at $0.80 each for its IPO. At that price, the REIT’s distribution yield would be 6.8% for this year. The IPO comprises 208m units, of which 56.25m units will be made available to the public with a further 151.75m units in the placement tranche. The REIT’s initial portfolio comprises two commercial properties: The OUE Bayfront located at Collyer Quay in Singapore’s central business district and Lippo Plaza in central Shanghai. The IPO gives investors an opportunity to invest in a premier portfolio of landmark commercial properties in prime business districts in Singapore and Shanghai with an attractive and stable distribution yield and potential upside for capital appreciation. The public offer opened on 17th Jan’14 and will close at noon on Thursday, 23rd Jan’14. The REIT is due to make its trading debut on the Singapore Exchange on Jan 27.