Daiwa House Logistics Trust IPO public offer 9.5 times subscribed

Singapore

DAIWA House Logistics Trust (DHLT), a real estate investment trust (Reit) that will invest in logistics and industrial real estate assets across Asia, on Thursday (Nov 25) announced that the public offer of 25 million units to Singapore investors under its initial public offering (IPO) was 9.5 times subscribed.

At the close of the offering at noon on Wednesday, 7,543 valid applications for 237 million units were received for the Singapore public offer.