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Soilbuild Reit units surge 5% on 'fair' privatisation offer

Reit's limited ability to buy assets that are DPU accretive main motivation for privatisation

Published Mon, Dec 14, 2020 · 09:50 PM

Singapore

ANALYSTS largely showed support for the privatisation offer of Soilbuild Business Space Reit by Soilbuild Group's executive chairman Lim Chap Huat and Blackstone Real Estate via a trust scheme of arrangement, announced on Monday.

Units in the Reit rose as high as 5.5 per cent to hit an intra-day high of S$0.54 after its trading halt was lifted post-lunch. They ended the day 4.9 per cent higher at S$0.535, with 11.8 million units changing hands.