United Hampshire US REIT eyes raising $547.3m from IPO

The REIT offers a price of $1.12 per unit.

United Hampshire U.S. Real Estate Investment has announced that it has registered its proposed offering and listing of units of United Hampshire US REIT on the main board of Singapore Exchange Securities Trading Limited (SGX-ST), according to an announcement.

The firm offers 87,829,600 units, consisting of an international placement of 80,329,600 units to investors outside the US, and an offering of 7,500,000 units to the public in Singapore.

Units are priced at $1.12 (US$0.80) apiece.

The firm expects to raise $547.3m (US$394.6m) from the offering.

The public offer opened at 9 am. on 4 March 2020 and will close at 12 pm on 10 March 2020. Trading of the units in United Hampshire U.S. REIT on SGX-ST is expected to commence on a “ready” basis at 2 pm on 12 March 2020.

United Hampshire U.S. REIT’s current portfolio comprises 22 assets, 18 of which are freehold grocery-anchored and necessity-based retail properties.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!