Partners Group Holding AG and the asset management arm of JD.com Inc. are preparing to file for a real estate investment trust (REIT) initial public offering in Singapore.
The potential IPO aims to raise approximately $1 billion.
The REIT will include Southeast Asian assets from EZA Hill Property Management Pte Ltd, a firm backed by Hillhouse.
Bank of America Corp. and DBS Group Holdings Ltd. are reportedly involved in the offering.
This move marks a strategic step for Partners Group to access public markets for its real estate investments in the region.