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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
Add BT as a preferred sourcePublished Thu, Aug 24, 2017 · 09:50 PM
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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).
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