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MacarthurCook Property Securities Fund IPO Post Reply Rate topic
Nostradamus Supreme	12-Apr-2007 14:29        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	MacarthurCook Industrial REIT, based on 12 Singapore industrial properties, said on Thursday it is set to raise as much as $297 million in its IPO. The trust said it would sell a total of 247.33 million units at $1.20 per unit in the offering. Some 239.83 million units, or nearly 97% of the total units, will be sold to international investors, with the remainder to be offered to retail investors. Trading of the shares is due to start on April 19. "We aim to have a minimum of 40% of our portfolio located in Singapore over time and the balance across the other major Asian industrial property markets such as Hong Kong, China, Malaysia, Japan and India," said Chris Calvert, CEO of the industrial REIT, in a statement. The MacarthurCook Industrial REIT will compete with other  industrial property trusts such as Cambridge Industrial Trust , Ascendas and Mapletree Logistics. Australian real estate manager MacarthurCook Ltd. controls the REIT's manager. HSBC and UBS AG are the lead underwriters for the deal, the firm said.
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Nostradamus Supreme	28-Mar-2007 12:26        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	I believe the name of the IPO is MacarthurCook Industrial REIT instead of MacarthurCook PSF. The stock will be priced on April 11 and is expected to begin trading in on April 19.
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terencefok Master	27-Mar-2007 13:09        terencefok About Contact  Quote this Post!
x 0   x 0  Alert Admin	so is MacarthurCook Property Securities Fund vested in MacarthurCook Industrial REIT?
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zhuge_liang Supreme	27-Mar-2007 13:02        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	MacarthurCook Industrial REIT will raise as much as $321.5 million. It plans to sell 247.3 million units at an indicative price of $1 to $1.30 a unit, a source told Reuters. The deal is expected to be priced on April 11, the source said. MacarthurCook will inject 12 industrial properties into the REIT, the source said.
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terencefok Master	13-Dec-2006 12:17        terencefok About Contact  Quote this Post!
x 0   x 0  Alert Admin	He email me..so I forwarded my order to him..but dunno will get how many lots, I applied for 5 lots
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victor_lee Member	13-Dec-2006 08:13        victor_lee About Contact  Quote this Post!
x 0   x 0  Alert Admin	terencefok, Thanks! I have a trading account with POEMS too but I did not see any placement for this fund. So did your dealer called u to offer u?
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terencefok Master	13-Dec-2006 08:02        terencefok About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi victor_lee, I got a trading account with Phillip Securities so they offered me placement shares. This IPO no ATM offering. If u wan to buy but got no placement then u have to wait until they start trading and buy from the market.
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victor_lee Member	12-Dec-2006 23:18        victor_lee About Contact  Quote this Post!
x 0   x 0  Alert Admin	terencefok, Hi ! How did u get placement from Phillip Securities? I thought it's still not out for IPO yet? Anyway the Preliminary Prospectus states that; IPO @ SGD 1.24 Yield @ 8.6% Cheers!
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Nostradamus Supreme	12-Dec-2006 18:52        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Australian real estate manager MacarthurCook Ltd said on Tuesday that it would list a REIT here next year based on industrial properties in the region. Confirming an October Reuters report, MacarthurCook Managing Director Craig Dunstan said that the company was buying assets such as warehouses and factory buildings for the REIT, which would be its first ever. Dunstan said the firm had acquired 10 assets worth $300m in Singapore so far for the REIT but he declined to say what the final portfolio size would be. "We are looking at building a regional portfolio of  industrial properties," he told Reuters, adding that this would include assets in Japan, South Korea and Malaysia. "We think that Asia is a good place to be in terms of sourcing industrial properties and in terms of returns from the sector," he said. Investment banking sources say MacarthurCook's REIT would contain up to $400 million in industrial assets. MacarthurCook, which manages about A$1 billion of property assets, is separately raising about US$64 million from a secondary listing of units in its MacarthurCook Property Securities Fund. Singapore's property trust market is the third largest in Asia-Pacific after Australia and Japan, as local property companies such as CapitaLand and Keppel Land use such vehicles to make more efficient use of their capital. Most Singapore REITs are backed by real estate developers, with the exception of Allco Commercial Real Estate Investment -- managed by Australian investment house Allco Finance Group -- and industrial property-based Cambridge Industrial Trust . Both Allco and Cambridge have had to acquire assets from a range of companies to build up their portfolios. Analysts say this may put them at a disadvantage against their rivals which are affiliated to developers. "We have a very different view in Australia. In the Australian market, we see this (affiliation) as a conflict of interest. The preference is for independent investment managers who can go out and buy real estate that they want and from whoever they want from," Dunstan said. He said the Singapore market would eventually be dominated by independent, rather than property firm-sponsored, REITs. Besides Cambridge, MacarthurCook's upcoming REIT will compete against other Singapore industrial property trusts such as Ascendas and Mapletree Logistics . Government-owned industrial landlord JTC Corp also plans to divest some of its 1.7 million square metres of industrial space through a REIT in the next 16 months. "Our view is that there is scope for a number of players in Singapore," Dunstan said.
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terencefok Master	01-Dec-2006 11:39        terencefok About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi all Juz applied 5 lots of this IPO through placement from Phillip Securities. Any views on this IPO?
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