JD Property, the property investment arm of JD.Com, alongside Partners Group and EZA Hill Property, plan to launch a Singapore-based real estate investment trust, Reuters reported, citing two people with knowledge of the matter.
The assets may be valued at more than US$1 billion.
The planned REIT could be listed on the Singapore Exchange as soon as next year.
The companies aim to complete the REIT’s establishment by October.
JD.com, JD Property, Partners Group and EZA Hill did not respond to Reuters’ requests for comment
