Ascendas Group reportedly plans $500M Singapore listing for hospitality REIT

03/23/2012 | Wall Street Journal, The

A Singapore government agency property firm, Ascendas Group, plans to list a hospitality-focused REIT on the Singapore exchange, a source says. The company hopes to raise $500 million with the listing, planned for this year. HSBC Holdings, Nomura Holdings and Standard Chartered Bank have been appointed to manage the deal, sources say.

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Wall Street Journal, The

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