Skip to content
Subscriber Only
Technology
Deals

KBS Realty Is Said to Consider $1 Billion REIT IPO in Singapore

  • REIT will be backed by more than 15 commercial properties
  • Property trust IPO could take place in the fourth quarter
Buildings stand in the central business district in Singapore

Buildings stand in the central business district in Singapore

Photographer: Sanjit Das/Bloomberg

KBS Realty Advisors, a U.S.-based commercial property owner, is considering its second real estate investment trust listing in Singapore, people with knowledge of the matter said.

The company aims to raise at least $1 billion from a potential sale of trust units backed by at least 15 prime commercial properties, the people said. A possible initial public offering could take place in the fourth quarter, said the people, who asked not to be identified because the details are private.