I-Reit allocates institutional portion of IPO

Concentrated order book for German property IPO.
Tycoon Lim Chap Huat has interests in Singapore business parks
Tycoon Lim Chap Huat has interests in Singapore business parks

Germany’s I-Reit completed the first leg of its reconfigured S$369 million ($295.98 million) Singapore initial public offering on Tuesday, allocating fewer shares to institutional investors than originally planned to accommodate an investment by local tycoon Lim Chap Huat.

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