Could this commercial REIT be the biggest IPO this year?

SINGAPORE (May 29): AEP Investment Management and HNA Group are planning to list what is likely to be the biggest initial public offering this year – a commercial real estate investment trust with assets from Australia, the UK and Singapore valued at $1.5 billion.

(See also: Singapore's AEP and China's HNA in advanced stages of planning REIT for SGX listing, says The Australian)

Indicative market capitalisation is estimated to be around $780 million to $800 million, with the total offering size at around $430 million to $450 million.

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