Saizen – BT

Saizen Reit eyes US$150m Singapore IPO

A HONG Kong-based private equity group is seeking to raise about US$150 million through a Singapore-listed property trust based on residential buildings in Japan, sources close to the deal told Reuters yesterday.

Credit Suisse and Morgan Stanley are arranging the public offer of Saizen Real Estate Investment Trust (Reit), which will be based on an initial portfolio of residential apartment buildings valued at around US$400 million.

The buildings are located in suburban areas out of the main Japanese cities such as Tokyo. — Reuters