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Investors - AUGUST 31, 2020

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AIP Asset, Tokyu Land plan Singapore REIT for Australian properties

by Andrea Zander

AIP Asset Management Co. and Tokyu Land Corp. have plans to list a REIT backed by Australian commercial properties on the Singapore stock exchange, Bloomberg News reported Aug. 27, citing people familiar with the matter.

Details of the IPO, including the size and timetable, are still being finalized, the sources added. The planned initial public offering is expected to raise about S$400 million ($294 million).

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