SPH looks for a $872m Reit spin-off for Singapore malls

30 May 2013

Singapore Press Holdings Group is planning to spin off two of its shopping mall properties to a real estate investment trust, in a deal that is expected to raise the company as much as S$1.1bn ($872m).

The company will put 30% of SPH Reit up for sale and retain the remaining 70%, it said when announcing its half year results on May 27. The company will also act as sponsor and trust manager for the Reit and will benefit from the resulting fees.

SPH ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.