Market Chatter: JD.com-Led Group Eyes SG$1 Billion Singapore REIT Listing

MT Newswires07-13

A consortium involving China's e-commerce giant JD.com's (HKG:9618) asset management arm and Switzerland's Partners Group plans a confidential IPO filing for a REIT in Singapore, Bloomberg News reported Friday, citing people with knowledge of the matter.

The listing proceeds are estimated at about SG$1 billion, the newswire said.

The REIT will pool assets from Singapore-based developer EZA Hill, with Bank of America, DBS, and UBS advising, the publication said.

JD.com, Partners Group, and EZA did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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