Friday, June 30, 2017

HNA Commercial REIT - Another Upcoming Monster Size IPO

While everyone are buzzing around the upcoming monster IPO next Month (July 2017), Netlink Trust, do you know that there is another potential monster size IPO in 2017? 

It's HNA Commercial REIT

While it is still too early to provide the exact details, here are some known information of HNA Commercial REIT:

Estimated Issue Size : $$775 millions

Estimated Market Capitalization : S$780 millions to S$800 millions

REIT Manager : HNA-A EP REIT Management (Shenzen listed HNA Investment Group has 75% stake) in partnership with Singapore-based property fund management firm AEP Investment Management.

Estimated gearing : 28.6%

Portfolio: 5 Properties (Singapore : 26% ; Australia : 46% and UK : 28%):
Singapore - StarHub Green in Ubi (94.7% occupancy rate)
Australia - 41 George Street in Brisbane (99.8% occupancy rate)
UK - Trident Place Business Park (100% occupancy rate)
(The two remaining properties are office buildings in Sydney and Adelaide)

Personally, I am into REITS and don't mind trying my luck in IPO. However, it is still too early to dig deeper into it, have to wait for more details about the IPO price and its potential dividend yield etc.. before making any decision. 

As for Netlink Ttrust, I've decided to try my luck as per my earlier post here.


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