My company is currently having a book building exercise for Dynasty Reit IPO, company background is as per below:
Company Background
Dynasty REIT is a Singapore real estate investment trust (“REIT”) established with the investment strategy of principally investing, directly or indirectly, in income-producing real estate located in the PRC which is used primarily for commercial purposes, as well as real estate-related assets.
Based on the book building price range of S$0.82 to S$0.92 per unit, the estimated yield for Dynasty REIT is 6.8% to 7.1% (FY2012 Annualised) and 7.0% to 7.3% (FY2013)
As at the Listing Date, Dynasty REIT’s initial portfolio of properties comprises three commercial properties in the PRC strategically located in primary commercial centres in Nanjing, Dalian and Shanghai in the PRC (the “IPO Portfolio”), with an aggregate gross floor area1 (“GFA”) of 350,475.8 sq m. The IPO Portfolio consists of (i) Nanjing International Finance Center (南京國際 金融中心) (“Nanjing IFC”), (ii) Dalian Tianxing Roosevelt Center (大連天興羅斯福國際中心)
(“Dalian TRC”) and (iii) Shanghai International Capital Plaza (上海盛邦國際大廈) (“Shanghai ICP”)
