Lippo Group plans $2b S’pore Reit

Lippo Group plans $2b S’pore Reit


LIPPO Group plans to set up a $2 billion real estate investment trust and four other Reits in the next two years to raise funds for its property investments, president Stephen Riady said. The trusts will be in different real estate markets, including commercial, retail and health care, Mr Riady said in an interview in Singapore. Lippo may also buy so-called distressed Reits. — Bloomberg


Source: Business Times


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