private placement

Priory Court in Dover. The acquisition of three government-leased assets will enhance tenant diversification and strengthen the stability of Elite UK Reit's portfolio, says Joshua Liaw, chief executive of the Reit's manager.

Elite UK Reit to acquire three UK government-leased assets for £9.2 million

To partly fund the acquisition, the Reit has launched a private placement to raise £4 million

CapitaLand Ascendas Reit announced the acquisitions of the two prime Singapore properties on Wednesday.

CapitaLand Ascendas Reit raises S$500 million from private placement of 202 million shares at S$2.47 each

Proceeds will help fund S$700 million purchase of Tai Seng data centre, Science Park building

As interest rates stabilise, investors may wish to raise their Reit exposure.
SENSE & CENTS

Investors should not avoid Reits over fears of dilutive equity raisings

Trust managers can drive growth with astute property purchases

The financial arm of Yangzijiang Shipbuilding says it has agreed to divest its entire treasury shareholding of 193.5 million shares at S$0.72 apiece.

Yangzijiang Financial places S$139.3 million in treasury shares for maritime investments 

It says this is in line with its strategy to capitalise on industry tailwinds driven by increasing decarbonisation

North Gem Trust is a private trust that holds the interests in the South Wing of Northpoint City.

FCT’s private placement raises S$220 million to finance Northpoint City deal, repay debt

Alongside a preferential offering, this brings the Reit’s total equity fundraising to around S$421.3 million

Parkway Life Reit, which owns Mount Elizabeth Hospital, is issuing nearly 47.4 million new units on or around Nov 1, 2024.

Parkway Life Reit’s private placement closes at S$3.80 apiece

This represents the lowest end of the estimated issue price range

The new private placement units are expected to be issued on Sep 12.

CICT closes private placement at S$2.04 apiece

The proceeds will be used to fund a proposed acquisition of a 50 per cent interest in Ion Orchard and its connecting underpass

KIT’s trustee-manager will declare an advanced distribution for the period from and including Jul 1 to the date of issue of the placement units.

Keppel Infrastructure Trust proposes private placement to raise at least S$200 million

Proceeds will be used to partially repay S$391.8 million drawn down on a term loan facility for the acquisition of Australia’s Ventura Motors