Frasers Centrepoint has started premarketing for a new listed real estate investment trust in Singapore backed by the Australian logistic and industrial properties it acquired with the takeover of Australand Property Group in 2014.
Syndicate bankers said the initial public offering next month of Frasers Logistics Industrial Trust could raise around S$850 million $616 million. If successful, it could also pave the way for the listing of Frasers Centrepoint's other Australian assets.
After just one new issue last year, Singapore’s IPO market appears to have reopened for business with Reit specialists leading the way after Manulife US Reit this month priced the city’s first...
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