Books open for Singapore's first Europe-focused Reit

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By Rev Hui
17 Jul 2014

IReit Global, a real estate investment trust containing German office assets, opened books for its S$372m ($299m) Singapore IPO on July 17. If successful, IReit will be the first European-focused trust to go public in Singapore.

The Reit’s initial portfolio will comprise four office properties located in Bonn, Darmstadt, Munich and Münster. Investors can get exposure to the buildings by bidding for the 423m unit IPO, which is pitched at a fixed price of S$0.88 per unit.

“This is the first Europe-focused trust in ...

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