HK Reit seeks premium pricing

The Hong Kong government began pre-marketing its inaugural Real Estate Investment Trust (Reit) this Monday in the hope of raising $2.5 billion to $3 billion via lead managers HSBC, Goldman Sachs and UBS. The deal marks the world's largest ever Reit IPO and the first major equity privatization by the Hong Kong government since its partial sell-off of the MTR Corporation in 2000.