KUALA LUMPUR: Singapore Press Holdings Ltd (SPH) has selected advisers to help with a planned listing of a real estate investment trust (REIT) backed by student housing that could raise at least US$300mil, according to people familiar with the matter.
The country’s biggest media group is working with DBS Group Holdings Ltd, HSBC Holdings Plc and Oversea-Chinese Banking Corp (OCBC) on the potential sale of trust units backed by university student accommodation in the UK, according to the people. The initial public offering could take place in Singapore as soon as the second half of this year, said the people, who asked not to be named as the information is private.
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