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CDL in preliminary discussions about Singapore Reit for UK commercial assets

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An announcement will be made when there is a 'material development', it added.

PROPERTY developer City Developments Limited is in preliminary discussions with banks and other parties about the possibility of establishing a real estate investment trust with commercial assets in the United Kingdom, the mainboard-listed company said in an exchange filing on Friday.

"The properties to be injected into the Reit, the pipeline assets of the Reit, the size of any offering to be made in respect of units in the Reit, the timeframe for any such offering as well as the terms of any such offering and injection of properties into the Reit are currently under review and have not been finalised," CDL said in the filing.

 

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