Soilbuild Business Space REIT has listed on the Singapore Exchange (SGX) Mainboard, under the stock code SV3U.
Soilbuild Business Space REIT invests in two business parks and five industrial properties located near key research and development hubs across Singapore, including the Eightrium @ Changi Business Park, Solaris, Tuas Connection and West Park BizCentral.
Shane Hagan, chief executive of SB REIT Management, manager of Soilbuild Business Space REIT, says: “We are delighted with the interest from investors in our IPO and it is encouraging to see strong support, specifically from long only and specialist real estate global funds. This support demonstrates confidence in industrial Reits in Singapore, and Soilbuild REIT in particular. We believe that the listing on SGX will position us to capture growth opportunities in Singapore and we look forward to creating sustainable value for our unitholders in the years to come."
Lawrence Wong, head of listings, SGX, says: “We are pleased to welcome the listing of Soilbuild Business Space REIT on SGX, adding to the growth of our REITs and property trust cluster and widening the offering to our investors.”
With an IPO market capitalisation of more than SGD620m, Soilbuild Business Space REIT brings the total number of SGX REITs and property trusts to 35.