UI Boustead REIT has lodged an initial public offering prospectus with the SGX, seeking to raise around SG$1.2 billion at SG$0.88 per unit, according to a report by The Business Times on Friday.
The REIT's portfolio will comprise 23 properties, with a total gross floor area of 5.9 million square feet, the report said.
The REIT's sponsor is UIB, which focuses on high-growth sectors, logistics and data centers across Singapore and Japan, the report added.
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