Media Release

Perpetual Corporate Trust benefits from strengthening Singapore IPO market 23 November 2017

Perpetual Corporate Trust continues to see strong demand for its trustee services across the region following the Initial Public Offer (IPO) of the Keppel KBS REIT in Singapore, which raised more than $US550 million from institutional and retail investors.

Listed on the Singapore Stock Exchange, Perpetual (Asia) Limited will act as trustee for the newly-listed Singapore Real Estate Investment Trust (S-REIT).

The S-REIT invests in a diversified portfolio of income producing commercial assets in the United States. The initial portfolio will comprise 11 properties in the US worth more than US$825 million.

Perpetual Corporate Trust General Manager - Managed Funds Services, Andrew Cannane said: "Singapore continues to grow as a major regional hub for REITs, due to its strong positioning as a well-regulated market, good eco-system of service providers for the REIT industry, good liquidity for capital raising and favourable tax treatment for REITs. As a result we continue to see strong demand for our Singapore trustee services."

Mr Cannane also highlighted the ongoing demand for trustee services for cross-border transactions.

"Our presence in Singapore means we are uniquely placed as the only trustee with licenses to act as trustee in Singapore and Australia. Therefore Perpetual is able to provide its expertise in both markets and facilitate cross-border transactions between the two regional neighbours.

"And with the pilot of the Asian Regional Funds Passport set to commence in January 2018, we expect to see cross-border flows continue to grow and will be well placed to help clients take advantage of this emerging regional collaboration."

For further information, please contact:

Media:

Daniel Wright

Corporate Communications Manager Daniel.wright@perpetual.com.au

About Perpetual

Perpetual is a financial services group operating in funds management, financial advisory and trustee services. Our origin as a trustee company, coupled with our strong track record of investment performance, has created our reputation as one of the strongest brands in financial services in Australia. For further information, go to www.perpetual.com.au

Perpetual Limited published this content on 23 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 November 2017 23:01:32 UTC.

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