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JD Property Reportedly Plans to Establish US$1B REIT in Singapore with 2 Firms
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JD Property, the real estate investment arm of JD-SW (09618.HK), plans to collaborate with Swiss investment firm Partners Group, and EZA Hill Property, backed by Hillhouse, to establish an REIT in Singapore as early as October, Reuters, citing people familiar with the matter, reported. The REIT's asset value is expected to exceed US$1 billion and may be listed on the Singapore Exchange next year, sources divulged. JD Property is still seeking to list in Hong Kong while planning to list in Singapore, but the specific timing of the IPO has not been set in stone, people with the knowledge of the matter said. AASTOCKS Financial News Website: www.aastocks.com |
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