South Korea's Lotte Shopping eyes S-REIT listing
To raise up to $1b.
According to a report by Reuters, South Korea's Lotte Shopping Co. Ltd. is looking to raise $800 million to $1 billion by listing a real estate investment trust (REIT) in Singapore as early as this year. This was reported by IFR, a Thomson Reuters publication.
DBS, Goldman Sachs, Nomura and Standard Chartered have been hired to manage the IPO. The initial portfolio is likely to consist solely of Korean properties, but Singapore is viewed as a more liquid REIT market than Seoul. The portfolio and currency are yet to be decided, IFR reported.
Read full report here.