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IPO Monitor for the week ending July 13


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IPO Monitor for the week ending July 13

Editor's note: The IPOMonitor is a feature that tracks international real estate companies debutingon the exchanges.


*Propertylink and its sponsor are testing investor appetite for its at a forecast distributionyield of up to 7.4%, The AustralianFinancial Review's Street Talk reported.

*Viva Energy REIT expects to raise A$911 million in an IPO and hopes tostart trading on the Australian bourse Aug. 3, according to a prospectus citedby the AFR. The IPO units will beoffered at A$2.20 apiece. The petrol station owner's market cap is expected beabout A$1.52 billion when it lists, the report said.

DeutscheBank, Bank of America Merrill Lynch, Wilson HTM, Morgans, National AustraliaBank and Craigs Investment Partners are the IPO co-managers.

Thenew REIT also plans to hold an investor roadshow from July 18-22, according toa separate report.The retail sale of the units will open July 18.

Newsof Viva Energy Australia's planned REIT spinoff came out in August 2015. It eyed alisting in the same year, but the plan was derailed by legal proceedings with its major tenant.

*The AFR's Street Talk that online Chineseproperty portal Juwai intends to list in Australia in late 2016.


China Logistics Property Holdings Co. is to price its Hong Kong IPOof 1.04 billion shares at HK$3.25 apiece, Bloomberg News reported, citingpeople familiar with the matter.

The price is at the top end of an indicative range ofbetween HK$2.55 and HK$3.25 apiece, as the Shanghai-based warehouse developeris seeking to raise up to US$433 million in the .

It is backed by Carlyle Group LP and RRJ Capital and countsheavyweights Sino-Ocean GroupHoldings Ltd. and Anbang Life Insurance Co. Ltd. as cornerstone investorsof its IPO. Credit Suisse Group AG, Deutsche Bank AG, Bank of America Corp. andAMTD Group Co. are joint global coordinators of the offering.


Globe TradeCentre SA received the approval of the Johannesburg Stock Exchangefor its planned secondary listing.

The Polish company will trade on the bourse's real estateholding and development segment, effective on or about Aug. 18, subject tocertain conditions. It will become the first Polish inward listed company onthe Johannesburg bourse, according to a news release.