General Announcement::SGX welcomes IREIT Global to Mainboard

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
13-Aug-2014 14:48:23
Status
New
Announcement Sub Title
SGX welcomes IREIT Global to Mainboard
Announcement Reference
SG140813OTHRZJDI
Submitted By (Co./ Ind. Name)
Loh Wei Ling
Designation
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is pleased to welcome the listing of IREIT Global on Mainboard under the stock code UD1U .

IREIT Global is the first SGX-listed office REIT focusing only on real estate in Europe. Its initial portfolio comprises four office properties in Germany in key cities of Bonn, Darmstadt, M nster and Munich, valued at approximately S$478 million.

We are delighted that IREIT is the first pure-play REIT with German assets to list in Singapore as well as in Asia. Our initial portfolio of quality freehold office assets in key German cities with strong economic growth differentiates us from market peers, positioning IREIT favourably and giving investors another choice investment option. IREIT s listing provides a platform for us to seek accretive acquisitions in the interest of unitholders, said Itzhak Sella, Founder and CEO of IREIT Global.

We welcome IREIT Global to Mainboard. Its focus in Europe adds geographical diversity to our REITs cluster and provides our global investors with access to the property sector in Germany and Europe. We look forward to welcoming more REITs and real estate companies from Europe to tap into Asia s growing wealth base via a listing on SGX, said Lawrence Wong, Head of Listings at SGX.

With an IPO market capitalisation of about S$370 million, IREIT Global brings the total number of REITs and property trusts listed on SGX to 39 with a combined market capitalisation of more than S$68 billion.

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Attachments

20140813_SGX_welcomes_IREIT_Global_to_Mainboard.pdf
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