IPO: Dynasty Reits

Dynasty REIT was launched last week and will be Singapore’s first Renminbi (RMB) denominated Real Estate Investment Trust (REIT). It has been established with the investment strategy of principally investing in income-producing commercial real estate located in Mainland China, as well as real estate-related assets. The closing time for the IPO is 12pm, 24 October 2012, with an afternoon listing on SGX scheduled for 30 October.

The Edge magazine this week bullish on Reits sector.

Source: The Edge