US-based property groups are homing in on Singapore as a capital-raising venue and could yet dominate initial public offerings IPOs in the Lion City during the second quarter.
Hoping to take advantage of the positive momentum propelling the sector, Eagle Hospitality Trust is preparing to lodge its prospectus with the Singapore Exchange SGX.
The indicative $550 million deal including greenshoe has wrapped up pre-marketing and looks set to become Singapore’s first US hospitality pure-play real estate investment trust Reit.
And shortly behind is a second US office-based Reit IPO from KBS Realty Advisors,...
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