KBS Realty said to consider $1b REIT listing in Singapore

KBS Realty said to consider $1b REIT listing in Singapore

Marina Bay Financial Centre, Singapore. Photo: sayhitobel/unsplash

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.

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