SY family-led property developer SM Prime Holdings Inc. (SMPH) is taking it slow with regard to the possibility of an initial public offering of its real estate investment trust, or REIT, but could push through with the listing next year amid easing interest rates.
SY family-led property developer SM Prime Holdings Inc. is taking it slow with regard to the possibility of an initial public offering of its real estate investment trust, or REIT , but could push through with the listing next year amid easing interest rates.'We'll have to look into it again as interest rates are coming down,' SMPH President Jeffrey Lim told reporters earlier this week.'Definitely not for this year, so, we'll probably look at it for next year,' he added.
Ltd., with the aim of allowing both firms to tap the offshore bond market to fund the SM Group's continued expansion.'We have other options. I think if the right opportunity is there, we will consider , but it's not at the top of the list' at the moment, Lim added.He expects 2024 to be a 'banner year' for SMPH as the company and the local and global economy have begun to recover from the ill effects of the coronavirus pandemic.
Prime Eyeing 2025 REIT Listing
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