KBS Prime US Reit plans up to US$705 million IPO in June

Singapore

KBS Realty Advisors, the US-based real estate private equity firm which has been eyeing a second Reit listing in Singapore since last year, is reaching out to investors again with plans to list KBS Prime US Reit in June.

The initial public offering (IPO) could raise up to US$705 million, giving Prime US Reit a market capitalisation of around US$840 million on its debut, according to revised deal terms seen by The Business Times.