SASSEUR Group, a Shanghai-based developer and operator of outlet malls, which last year pushed back plans for a Reit listing here, has begun gauging investor interest again with plans to list Sasseur Reit in March. The initial public offering (IPO) could raise between S$500 million and S$600 million, and Sasseur Reit would have a market cap of S$1 billion upon its debut, according to a term sheet seen by The Business Times. Based on the latest indicative timeline, the IPO prospectus will be lodged on March 1, ahead of the listing on March 29.
THE freehold Pei Fu Industrial Building in New Industrial Road is set to be launched for collective sale via tender later this month. The reserve price of S$75 million set by the owners translates to S$481 per square foot per plot ratio (psf ppr) based on a proposed gross floor area (GFA) of 155,864 square feet ......
