GC
Sorry we’re closed: Lotte calls off $1bn Singapore Reit
The yield play sector suffered another blow on May 2 after Lotte Shopping postponed its $1bn Real Estate Investment Trust IPO in Singapore.
While the Korean retailer did not rule out a return if market conditions improved, it is now considering a sale and leaseback transaction via a local public real estate fund.
The writing had been on the wall for Lotte after it was forced to defer marketing the IPO in ...Already a subscriber? Login
