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An SGX sign is pictured at Singapore Stock Exchange July 19, 2017. REUTERS/Edgar Su/File Photo

Allen & Gledhill and Mori Hamada & Matsumoto have advised Daiwa House Logistics Trust  (DHLT) on its S$540 million ($396 million) IPO on the Singapore Exchange (SGX), with Allen & Overy representing the joint managers and bookrunners

DHLT is a real estate investment trust (REIT) that will invest in logistics and industrial real estate assets across Asia. Sponsored by the Tokyo-listed Daiwa House Industry, it is the first Singapore REIT to be listed on the SGX in 2021 and is reportedly the largest IPO in Singapore this year.  

According to The Straits Times, DHLT plans to use the bulk of the gross proceeds from the IPO to fund the $840.5 million purchase of the initial portfolio of 14 logistics properties in Japan.

The Allen & Gledhill team was led by managing partner Jerry Koh and supported by partners Foong Yuen Ping and Jonathan Lee. Dentons Rodyk & Davidson counseled DHLT’s trustee.

 

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