Allen & Gledhill has represented Prime U.S. REIT on its S$813 million ($612 million) IPO on the Singapore Exchange, with Clifford Chance advising the joint bookrunners and underwriters

The IPO is the largest and the third pure-play U.S. REIT IPO on the Singapore Exchange in 2019 after Manulife U.S. REIT and Keppel-KBS U.S. REIT. According to The Straits Times, Prime U.S. REIT has an initial portfolio of 11 Class A and freehold office properties across nine office markets in the U.S.

The bookrunners and underwriters were DBS Bank, Merrill Lynch (Singapore), China International Capital Corporation (Singapore), Credit Suisse (Singapore), Maybank Kim Eng Securities and Oversea-Chinese Banking Corporation.

The Clifford Chance team was led by partner Raymond Tong.

 

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