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Tuesday, July 3, 2007

Realty firms plan trusts to list in Singapore

As REITs (real estate investment trusts) are yet to take shape in India, about a half a dozen realty firms have started the spadework for listing REIT-like vehicles on the Singapore Stock Exchange (SGX).

Banking on the easing of listing norms by the SGX two months ago, the Bangalore-based developer Embassy group, Ascendas, provider of business space solutions in Asia, and the Delhi-based DLF and Unitech are planning to list their fund structures, which mainly include REITs, on the SGX....Realty firms plan trusts to list in Singapore


Posted by Ravi Karandeekar at Tuesday, July 03, 2007
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