PODCASTS

link

Mumbai Redevelopment: Part 1 | Relevant Rules, Legal Complexities & Technical Must-Knows

When should a housing society in Mumbai start considering re...

link

GST on JDAs | REIT Reclassification | SC on Environmental Clearances | News Round-Up

From GST on JDAs to SEBI’s REIT reclassification and the S...

link

Real Estate Headlines 12/11

Stay ahead in the world of real estate with our daily podcas...

link

Real Estate Headlines 26/10

Stay ahead in the world of real estate with our daily podcas...

UI Boustead REIT plans USD 807 million Singapore IPO

#International News#Singapore

Last Updated : 3rd Mar, 2026

Comment

Synopsis

UI Boustead REIT is set to launch one of Singapore's largest REIT IPOs, targeting up to SDG 1.02 billion (USD 807 million) including an overallotment. The offering covers a portfolio of 23 logistics and industrial assets across Singapore and Japan, with cornerstone investors like Amova Asset Management Asia, JPMorgan, and Amundi already committing nearly 39% of the base deal. Priced at SDG 0.88 per unit, the IPO projects a market cap of SDG 1.20 billion and a distribution yield of 7.8% for the year ending March 2027. The sponsor group will hold around 15% if the overallotment is exercised.

Representative image

UI Boustead REIT is preparing to raise up to SDG 1.02 billion (around USD 807 million) through an initial public offering in Singapore if its overallotment option is fully exercised, according to a recently released term sheet. This listing is set to become the largest REIT IPO in Singapore since NTT DC REIT raised USD 773 million in mid-2025.

The core offering is expected to generate SDG 973.6 million at SDG 0.88 per unit, reflecting a market capitalisation of roughly SDG 1.20 billion. Cornerstone investors have already committed around 38.8% of the base deal, excluding the overallotment. Among these investors are Amova Asset Management Asia, JPMorgan Asset Management (Singapore), Amundi's Singapore and Malaysia entities, and Jumbo Group of Restaurants.

UI Boustead REIT's portfolio consists of 23 logistics and industrial properties, with 21 located in Singapore and two in Japan. The IPO anticipates a distribution yield of 7.8% for the financial year ending March 31, 2027. The sponsor group, comprising UIB Holdings and Boustead Projects, is expected to retain roughly 15% of the REIT if the overallotment is fully taken up. The REIT is scheduled to debut on the Singapore Exchange on March 12.

Source Reuters

Next (Maharashtra government to intensify recovery of MahaRERA dues as collection rate stays at 34 per cent)