Linklaters has successfully advised the underwriters on the initial public offering (IPO) of UI Boustead REIT, marking the first mainboard and real estate investment trust (REIT) listing on the Singapore Stock Exchange (SGX) in 2026. The IPO raised approximately S$973.6m, making it the largest IPO in Singapore this year.
UI Boustead REIT focuses on investing in logistics, industrial, and business space assets across the Asia Pacific. Its initial portfolio includes 23 properties located in Singapore and Japan, with a total agreed property value of around S$1.9b. Notable properties include Rolls-Royce Solutions Asia in Singapore.
The Linklaters team was led by Amit Singh, partner and Head of South and Southeast Asia Capital Markets, with support from counsellor Joseph Wolpin. Singh expressed his satisfaction with the project, stating, “We are delighted to have played a role in bringing a high-quality portfolio such as UI Boustead REIT to the Singapore market.”
Linklaters, with over 50 years of experience in Asia, has established a strong reputation in the region’s capital markets. The firm continues to provide clients with expertise and insights to seize opportunities in evolving markets. This IPO further cements Linklaters’ position as a leader in advising on high-profile and landmark transactions in Southeast Asia.
