MEDIA group Singapore Press Holdings (SPH) filed its preliminary prospectus for its retail mall real estate investment trust (Reit). The IPO is expected to raise between $523 million and $554 million, with an offer of 308.9 million units at between 85 and 90 cents each.

SPH will inject Paragon and Clementi Mall into the Reit for $2.5 billion and $570.5 million respectively. The IPO proceeds will be mainly used to acquire the properties, and for transaction costs and property-related expense
Below is a comparison of SPH REIT vs other Reits that is already in the market
SPH REIT Quick Facts
Sponsor:                         Singapore Press Holdings

Sponsor stake post IPO:         70%, Free float 30%

REIT manager:                 SPH REIT Management

Leverage:         …