Sorry we’re closed: Lotte calls off $1bn Singapore Reit

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By Rev Hui
08 May 2014

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 ...

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