IOI Properties

The group will need to mind the risks of loading up on borrowings amid possibly rising interest rates

The manager adds there is no certainty that the transaction will materialise following the joint bid

Might other groups inject premier Singapore commercial properties into private platforms?

Just a year ago, investors were told that Paragon needed a massive makeover – but that narrative has been flipped entirely

Acquisition to be funded by sale and S$600 million private placement at S$2.292 to S$2.332 per unit

The group intends to sell 2.2 billion units to investors through a mix of retail and institutional placement

The trusts will have a combined asset value of up to US$8 billion, they add

Leverage softer interest rates and the clamour for premier assets 

Developer will release 100 units of the 683-unit branded residence project from Oct 25