BMW China R&D Center, GLP I-Park Shunyi, a possible asset that will be included in the GLP New Economy REIT (Photo: GLP)

The listing process for the GLP New Economy REIT has entered the pre-deal investor education (PDIE) phase and more details are now available on the REIT’s upcoming initial public offering (IPO).

As REITsWeek has been reporting since February 2022, global real estate firm GLP has begun a process to list a REIT on the Singapore Exchange (SGX).

The REIT will have an initial portfolio of 12 logistics assets across China that are geared for the ‘new economy’ such as e-commerce firms.

Related: GLP New Economy REIT projects 9.3% DPU growth between 2022-2023

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.