UI Boustead REIT launches Singapore’s largest IPO in 2026 to raise $973.6 million
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UI Boustead Real Estate Investment Trust (REIT) has launched Singapore's largest IPO in 2026, aiming to raise $973.6 million. The public offer includes 677.2 million units priced at 88 cents each, expected to generate $595.9 million. The offer opens on March 5 and closes on March 10, with trading starting on March 12. Cornerstone commitments will add $377.7 million. The REIT's portfolio consists of 23 properties in Singapore and Japan, valued at approximately $1.9 billion, targeting sectors like electronics and life sciences, with a forecast distribution yield of 7.4% for FY2026.
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