Tokyu Land Corp (TLC) and AIP Asset Management (AIP) are planning on introducing themselves to the local investing public as reliable sponsors and managers of REITs and funds. The duo are  sponsors and managers of a commercial income REIT to be listed on the SGX.

The introduction comes after the reputation of the S-REIT market has been damaged by the fiasco of Eagle Hospitality Trust’s IPO where unknown sponsor Urban Commons listed EHT and almost immediately defaulted on terms set out in its prospectus. EHT is now suspended calling into question the due diligence done by the trust's financial adviser and issue manager, and the veracity of the information disclosed in the prospectus.  

In a press release on Jan 5, TLC announced that it plans to use its Singapore subsidiary, Tokyu Land Asia (TLA) to acquire and develop offices and apartments in Asia, the US, Europe and Australia.

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