JD.Com Unit, Two Firms Plan $1 Billion Singapore REIT: Sources

Rapid Summary

• JD Property, the property investment arm of China’s JD.com,Partners Group (Swiss firm),and EZA Hill Property plan too establish a Singapore-based real estate investment trust (REIT) worth over $1 billion.
• The REIT is expected to be listed on the Singapore Exchange as early as next year.
• The trio recently acquired four logistics assets from CapitaLand Ascendas REIT for S$306 million ($238.56 million). These industrial properties may feature in the REIT’s asset composition.
• JD Property and its partners aim to expand across Southeast Asia, focusing on industrial and logistic acquisitions; efforts are underway to finalize assets by October 2023.
• This comes amid renewed investor interest in Singapore’s REIT markets following a two-year lull due to rising interest rates and macroeconomic concerns.

additional Context:
– JD.com operates globally across nine countries with logistics projects funded by prominent investors such as Warburg Pincus, Hillhouse Capital, GIC-Singapore & others.
Link: [Read More](https://economictimes.indiatimes.com/markets/digital-real-estate/realty-news/china-tech-company-jd =com-unit-$40 +=sources=articles-only final revisit!!