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German office Reit with Chinese backer to raise S$369m in IPO

Tuesday, August 5, 2014 - 06:00

SINGAPORE'S first listed real estate investment trust (Reit) with office assets in Germany is set to make its debut this month with a S$369 million initial public offering that is heavily backed by a Chinese tycoon.IReit Global Group is selling 167.73 million units at 88 Singapore cents per unit

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