SM Prime Holdings plans $500 million REIT

04/27/2010 | Reuters

SM Prime Holdings, the largest retail-center developer in the Philippines, is planning to raise $500 million from a REIT offering sometime this year. "We are in the process of selecting an international valuation company and from that we will select the mix of assets that we will put into the REIT," company Chief Financial Officer Jeffrey Lim said.

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