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Fundraising - FEBRUARY 14, 2020

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Philippines’ DoubleDragon plans $1.3b multi-year REIT offering

by Andrea Zander

The Philippines' DoubleDragon Properties Corp DD.PS plans a sale of shares worth up to 66 billion pesos ($1.3 billion) in a REIT.

DoubleDragon is one of the largest landlords of Chinese offshore gaming operators, which are the biggest office tenants in Manila, the capital, occupying 1.26 million square meters (13.5 million square feet) of space at the end of 2019, according to data from Colliers International.

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