The developer applied to list a REIT on the Singapore Exchange (SGX:S68
) 's Mainboard in 2021, reportedly with two commercial buildings.
City Developments Limited (CDL) CEO Sherman Kwek says plans for a REIT IPO of its UK commercial assets, which were shelved in late-2022, are back on the table.
Speaking at CDL's 62nd annual general meeting on April 23, Kwek says the move would have added some $3 billion in assets under management to the group's fund management business had it gone ahead.
