OUE Commercial REIT ("OUE C-REIT") is launching its REIT at $0.80 per unit. The prospectus is here. The offer will end on 23 Jan 2014 at 12pm.
There will be 208m units for the IPO of which 151.75m Units will be for Placement and 56.25m shares for the public.The market cap will be $1.39 billion based on the IPO price.
Initial Portfolio
The initial portfolio will consist of OUE Bayfront Property in Singapore and Lippo Plaza Property in Shanghai.
OUE Bayfront and OUE Tower comes with a 99 year leasehold starting from 2007 but Lippo Plaza Property has only a 50 years lease starting from 1994.
There will be 3 properties of which OUE C-REIT will have the right of first refusal and they are:
- One Raffles Place
- OUE Downtown 2 and Downtown Gallery
- US Bank Tower
Shareholders
The Cornerstone investors are all from ...
