Asia's first Pan-Asian Reit nears launch

AsiaÆs first cross-border real estate investment trust available to a broader investment base is close to launching in Singapore after clearing all the regulatory hurdles.Allco Commercial Reit is aiming to raise up to S$504.9 million ($311 million) from the sale of 495 million units in a trust that will comprise three assets in Singapore and Australia with a combined total asset value of S$680 million.Credit Suisse is the sole global coordinator and joint bookrunner together with DBS.…