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Suntec Reit raises S$200m in private placement

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Fiona Lam

Fiona Lam

Published Thu, Apr 25, 2019 · 09:50 PM

Singapore

SUNTEC Real Estate Investment Trust's (Suntec Reit) manager has closed the book of orders for its private placement of new units in the Reit to raise gross proceeds of about S$200 million.

The bulk of the proceeds will go towards financing potential acquisitions of properties in Australia, ARA Trust Management (Suntec) Limited said on Thursday before the market opened.

Suntec Reit

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