The offer for UI Boustead REIT is Singapore's first REIT IPO of 2026 and one of the largest listings in recent years, raising gross proceeds of approximately SGD1.2 billion.
The REIT focuses on logistics, industrial, high-spec industrial and business space assets across the Asia Pacific region, with an initial emphasis on Singapore.
Its exposure to Singapore and Japan by property value is at 71.2% and 28.8% respectively.
UI Boustead REIT’s IPO portfolio comprises 23 properties — 21 leasehold properties in Singapore and two freehold properties in Japan — with a combined gross floor area of 5.9 million sq ft and a net lettable area of 5.3 million square feet.
The REIT is sponsored by UIB Holdings Limited, a Macquarie Asset Management-controlled entity formed after Unified Industrial acquired the property and fund management business of Boustead Singapore.
The REIT Manager is UIB REIT Management Pte. Ltd., led by CEO Tan Shu Lin, formerly of OUE Commercial REIT.
UI Boustead REIT’s IPO opened for subscription on 5 March 2026 and it closes on 10 March 2026 at 12:00 PM, with its debut on the Singapore Exchange scheduled for 12 March 2026.
Here is a summary of the IPO, and ten factors investors might want to be considering before deciding to subscribe to the offer for UI Boustead REIT.
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