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    <title>Guidelines for preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust (REIT)</title>
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    <description>Guidelines set conditions and procedures for a listed REIT&#039;s preferential issue or institutional placement: require unitholders&#039; resolution, prior listing tenure, in-principle stock exchange approval, compliance with listing obligations, dematerialised allotment, payment through trustee bank account, listing application and allotment reporting, prescribed pricing methodologies for frequently and infrequently traded units (including NAV-based pricing where applicable), lock-in and transfer restrictions for sponsors and other allottees, specified allotment timelines, and refund liability with interest for non-compliance; annexures prescribe detailed disclosure, placement document content, valuation and due diligence requirements.</description>
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