Office Reit eyes mainboard listing

IREIT Global, a local real estate investment trust, plans to raise gross proceeds of $372.4 million through an initial public offering (IPO) on the mainboard and the issuance of units to cornerstone investors.

In a preliminary prospectus lodged with the Monetary Authority of Singapore, the trust's manager, IREIT Global Group Pte Ltd, said it plans to offer 169,254,000 units at 88 cents apiece. T…