Thailand’s DTGO Said to Weigh Singapore REIT IPO for UK Assets

Thai conglomerate DTGO Corp. is weighing listing its UK hospitality assets via a real estate investment trust in Singapore as soon as next year, according to people with knowledge of the matter.

The Bangkok-based company is in talks with potential advisers on the initial public offering of the REIT, which could raise about £200 million ($244 million), the people said. The UK hospitality assets involved could be worth about £500 million, said the people, who asked not to be identified as the process is private.