Singapore's strong corp governance and tax support big draws for foreign Reits

Singapore

WHEN Frasers Logistics & Industrial Trust was mulling a listing venue, Australia was a possible choice given the real estate investment trust has more than 65 per cent of its assets Down Under.

However, the Reit eventually decided to list on the Singapore Exchange (SGX) because the trust's aspirations were not centred solely on Australia, said chief executive officer Robert Wallace.

"With a global mandate, we were better suited to have a Singapore listing," he said. The trust has A$3 billion (S$2.86 billion) in assets as of March 2019, with properties in Australia, Germany and the Netherlands.

Another consideration for the trust was Singaporean investors' familiarity with the Frasers Property brand, which has four listed trusts that include Frasers Logistics & Industrial Trust, Frasers Centrepoint Trust, …