UI Boustead REIT launches Singapore’s largest IPO in 2026 to raise $973.6 million

The public offer opens on March 5 and will close at noon on March 10. Read more at straitstimes.com.

SINGAPORE - UI Boustead Real Estate Investment Trust (REIT) has launched an initial public offering that will raise $973.6 million, in the largest IPO to date in 2026.

It also marks the first Reit listing on the Singapore Exchange (SGX) mainboard this year.

The public offer consists of 677.2 million units at 88 cents apiece that will raise $595.9 million. The offer opens on March 5 and will close at noon on March 10. Trading will begin at 2pm on March 12.

Cornerstone commitments will bring in another $377.7 million, mainly from global and regional long-only institutional investors and family offices.

The Reit expects to raise gross proceeds of around $1.2 billion from the public offer, cornerstone units, issuance of Boustead units and sponsor subscription units.

These will be used for buying properties, paying refundable consumption tax, issue expenses and transaction costs, and for working capital and cash reserves.