Biggest Singapore REIT IPO gain in 6 years shows yield thirst

Bloomberg
Bloomberg10/3/2019 08:55 AM GMT+08  • 2 min read
Biggest Singapore REIT IPO gain in 6 years shows yield thirst
(Oct 3): Lendlease Global Commercial REIT’s stellar IPO debut is yet another testament to the hunger for yield among Asian investors.
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(Oct 3): Lendlease Global Commercial REIT’s stellar IPO debut is yet another testament to the hunger for yield among Asian investors.

The real estate investment trust, part of Australia’s Lendlease Group, started trading on the Singapore bourse Wednesday, surging 6.3% at the open from its offer price. This is the biggest jump among the city-state’s REITs in the past six years, since SPH REIT opened at 8.8% above its offer price in 2013.


See: Lendlease Global Commercial REIT makes trading debut at 93.5 cents

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