KBS Realty Advisors

KBS Realty said to be considering US$1 bil REIT IPO in Singapore

SINGAPORE (July 26): KBS Realty Advisors, a US-based commercial property owner, is considering its second real estate investment trust listing in Singapore, people with knowledge of the matter said.

The company aims to raise at least US$1 billion ($1.36 billion) from a potential sale of trust units backed by at least 15 prime commercial properties, the people said. A possible initial public offering could take place in the fourth quarter, said the people, who asked not to be identified because the details are private.

Keppel unit and KBS Realty in talks to list REIT of US office assets: sources

SINGAPORE (Sept 7): KBS Realty Advisors, the US real-estate investment firm, is planning to raise about US$500 million ($673 million) via a Singapore initial public offering of some of its US office assets.

According to a Dow Jones report, the Newport Beach, California-based company is in talks with the asset-management arm of Keppel Corp. to form a joint venture that they plan to list as a real-estate investment trust later this year.

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