UI Boustead REIT has announced the launch of its initial public offering (IPO) on the Singapore Exchange (SGX) Mainboard, marking the first real estate investment trust (REIT) IPO of 2026 and the largest in Singapore this year, valued at S$973.6m. The offering includes 677,175,200 units priced at S$0.88 each, with a distribution yield of 7.4% for the forecast period of 2026 and 7.8% for 2027.
The IPO portfolio comprises 23 properties across Singapore and Japan, with a total gross floor area of approximately 5.9 million square feet and an agreed property value of S$1,904.2m. The REIT is backed by UIB, a Pan-Asian logistics and industrial real estate platform, providing access to a pipeline of stabilised assets and co-development opportunities.
Tan Shu Lin, CEO of the REIT Manager, highlighted the strong commitment from cornerstone investors, which include global and regional institutional investors and family offices, totalling S$377.7m. “The commitment we have received from cornerstone investors is a clear endorsement of the quality of our portfolio and long-term growth prospects,” she stated.
James Kemp, Head of Real Estate for Asia-Pacific at Macquarie Asset Management and Chairman of UIB Holdings Limited, expressed confidence in the REIT’s potential to enhance investor access to industrial, logistics, and business space sectors in Asia. The public offer opens on 5 March and closes on 10 March, with trading expected to commence on 12 March.
The IPO aims to capitalise on high-growth markets in Asia, with a focus on sectors such as high-technology and innovative industries, aligning with Singapore’s economic strategies. The REIT’s strategic positioning is expected to provide stable income and growth opportunities for investors.
