SUBSCRIBERS
Suntec Reit raises S$200m in private placement
Add BT as a preferred source
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.
Copyright SPH Media. All rights reserved.
