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Singapore Exchange (SGX) today welcomed Viva Industrial Trust to its Mainboard under the stock code “T8B”.
Viva Industrial Trust will be one of 36 real estate investment trusts (REITs) and property trusts listed on SGX. The trust's portfolio includes three business park properties in Singapore, which are located close to key transport facilities. Viva Industrial Trust also plans to grow outside Singapore and has an acquisition pipeline targeting assets in China and South Korea. It will trade as a stapled security, comprising stapled units of Viva Industrial REIT and the Viva Industrial Business Trust.
Wilson Ang, Chief Executive Officer of Viva Industrial Trust Management Pte Ltd, the REIT Manager of Viva Industrial Trust, said: “We are heartened by Viva’s good showing, which is a testament to investor confidence in our asset quality and prospects. We want to thank all our new stapled security-holders for their support. Today’s listing marks a new corporate milestone for Viva, and propels us closer towards bringing our plans to fruition.”
Lawrence Wong, head of listing at SGX, said, “We are delighted to have Viva Industrial Trust join SGX, adding to the dynamism and sophistication of Singapore's REIT and property trust sector. We are also glad to play a role to help a home-grown business access the capital market for its growth.”
Viva Industrial Trust, with an estimated market capitalisation of $463 million, will add to the cluster of REITs and property trusts on SGX with total market value of $49 billion.
