DBS Bank Ltd., acting as Stabilising Manager for the initial public offering of UI Boustead REIT, said it bought 54.6348 million units in the trust and ceased price-stabilising actions at the close of trading on Mar, 26 2026.
The purchases fully covered the number of units that had been over-allotted, so the over-allotment option will not be exercised, DBS added.
UI Boustead REIT holds 23 logistics, industrial, Hi-Specs industrial and business space assets—21 in Singapore and two in Japan—with a combined gross floor area of about 5.9 million square feet and an agreed property value of roughly 1.9042 billion Singapore dollars. The trust is managed by UIB REIT Management Pte. Ltd., a wholly owned subsidiary of its sponsor, UIB Holdings Limited.
UIB Holdings is a pan-Asian logistics and industrial real estate platform managing approximately US$4.0 billion in assets across Japan, China and Singapore as at Dec, 31 2025.