ESR-REIT requested a lift of its trading halt on Monday morning before trading hours began, days after unitholders approved a merger with Viva Industrial Trust (VIT) that bringsthe sending the real estate investment trust (Reit) closer towards becoming Singapore’s fourth-largest industrial property trust. Viva Industrial Trust also requested a lift of its trading halt on Monday morning. At the...
PROPERTY trust Viva Industrial Trust said on Monday that it has secured an anchor tenant for an area at Viva Business Park that was converted from industrial usage. It said the tenant, which will take up 38,000 sq ft of space, is a leading household name with a showroom and retail chain in Singapore. Renovations at the business park to convert up to 15 per cent of space to "white" space for a variety...
Viva Industrial Trust, a Singapore business and real estate trust, said on Monday it would be raising S$365 million through an initial share sale to Chinese property tycoon Tong Jinquan and the public, Bloomberg News reported. Mr Tong, the chairman of Shanghai Summit Property Development, will purchase S$200 million of shares in the initial public offering as a cornerstone investor, the trust said in...
Viva Industrial Trust plans to offer a 2014 dividend yield of about 8.8 per cent in an initial public offering that will raise as much as S$375 million in Singapore, according to people with knowledge of the matter. The trust, which will be backed by three industrial properties, kicked off its pre-marketing process yesterday and plans to list on the Singapore Exchange next month, they said. They...
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