SB REIT Management Pte Ltd, the manager of Soilbuild Business Space REIT Thursday said it had raised $67 million (S$90 million) by selling 111.8 million new units through a private placement.
The units were placed at 80.5 cents apiece, the top end of an indicative range of 79.5 cents to 80.5 cents, the REIT manager said in a regulatory filing. This represents a discount of 2.8 per cent to the volume weighted average price of trades in the units of this REIT, done on Singapore Exchange Securities Trading Limited for the full market day on 22 April 2015.
