VIVA Industrial Trust's (VIT) stated projected yield of 8.81 per cent and 9.02 per cent for the year ended December 2014 (FY2014) and FY2015, respectively, could potentially hit 9.29 per cent and 9.48 per cent.

This assumes that tax transparency is applicable to the UE BizHub East arrangement, said the managers of the stapled security, which comprises Viva Industrial Real Estate Investment Trust (VI-Reit) and Viva Industrial Business Trust (VI-BT), yesterday, adding that they are fairly confident of achieving this prior to Q1's payout.

Yesterday, a total of 211.7 million units of VIT was offered by the managers, Viva Industrial Trust Management and Viva Asset Management, at 78 cents per stapled security. The offering, subject to an over-allotment option of 12.8 million stapled securities, consists of an international placement tranche, as well as a public offer of 21.2 million stapled securities (about 10 per cent of the offering).