Australia's Cromwell gets SGX nod for billion-euro Reit IPO
Boost for SGX's global Reit hub ambition as property group plans Sept listing for Europe-based assets
Singapore
THE Singapore Exchange's (SGX) goal of becoming a global real estate investment trust (Reit) hub got a boost on Thursday with Australia-listed Cromwell Property Group advancing plans to raise one billion euro (S$1.61 billion) through a listing of Europe-based assets at the end of September.
Cromwell announced those details after SGX issued an eligibility-to-list letter, which is conditional approval for Cromwell to proceed with the application for the initial public offering of the Cromwell European Reit (CEREIT).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism