Home THE DAILY EDGE Business South Korea’s Lotte Shopping to raise up to $1.27b via Singapore REIT
South Korea’s Lotte Shopping to raise up to $1.27b via Singapore REIT PDF

Tags: DBS | Goldman Sachs | Lotte Shopping Co. | Nomura | Standard Chartered

Written by Reuters   
Thursday, 20 June 2013 15:27
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South Korea’s Lotte Shopping Co. is looking to raise US$800 million to US$1 billion ($1.27 billion) by listing a real estate investment trust (REIT) in Singapore as early as this year, IFR, a Thomson Reuters publication reported.

DBS, Goldman Sachs, Nomura and Standard Chartered have been hired to manage the IPO. The initial portfolio is likely to consist solely of Korean properties, but Singapore is viewed as a more liquid REIT market than Seoul. The portfolio and currency are yet to be decided, IFR reported.

This will be the first Korean REIT listing on the Singapore bourse.

Lotte Shopping could not be reached for immediate comment by Reuters.

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Last Updated on Thursday, 20 June 2013 15:28