Viva Industrial Trust ("VIT") is offering 211,736,000 stapled securities at $0.78 each. The prospectus is here. The IPO will close on 31 Oct 2013 at 12pm. The placement tranche will be for 190.562m shares and the public tranche of 21.174m shares. In addition, a Chinese property tycoon invested S$200m, Ho Lee Group and Kim Seng Holdings take up $75m and United Engineers $23.2m. The Trust will have a market cap of $771.7m post IPO.
Business
VIT is a Singapore-focused industrial Trust, similar to the SoilBuild Business Space REIT.
Properties (Initial Portfolio)
The majority of the asset type is business park and has a portfolio value of S$743m. The 3 properties are UE BizHub East, Technopark@Chai Chee and Mauser Singapore. Below is the graphical view of the break down by asset type.
Potential Acquisition Pipeline
While the acquisition pipeline looks "interesting", do note that ...