"FLT's future growth is driven by a unique multi-pronged growth strategy, both organically through earnings upside from two pre-committed development properties and built-in annual rental increments; as well as Sponsor-driven, inorganic growth from the acquisition of three Call Option Properties, which have been 100.0% pre-committed to incoming tenants. Going forward, we intend to actively manage and enhance the REIT's portfolio to provide stable and growing distributions for our Unitholders." The balloting table for the public offering of FLT is presented below. It is very well subscribed. While investors who applied for shares will definitely get "some allocation", the ......
Frasers Logistics and Industrial Trust ("FLT") announced a strong set of subscription results where the offering was 6x subscribed. It is the largest IPO to-date with S$903m raised.
15 cornerstone investors took up ~48.6% of the units on offer and trading will start on 21 June 2016 at 9am.
