SPH REIT vs OUE hospitality trust

The IPO for SPH reit and OUE hospitality are both scheduled for IPO next week. I have summarized some key points for the 2 IPOs for easy reference:

	SPH REIT	OUE Hospitality trust
Price	$0.85- $0.90	$0.88 to $0.90
Tentative timetable	Institutional book building: 10-16 July Pricing and allocation: 17 July Public offer: 17-22 July (12pm) Listing: 24 July	Bookbuilding: 10 Jul - 17 Jul Public offer: 18 Jul - 23 Jul Listing: 25 Jul
Initial portfolio	Paragon Mall Clementi Mall (99 year lease)	Mandarin Orchard Mandarin Gallery (43 year lease remaining)
Property type	Retail	Hospitality
Yield	2H FY2013 Forecast: 5.58 - 5.79%	annualised yield from listing date: 7.20 - 7.36%
Future pipeline	Seletar mall	Acquisition pipeline through the Sponsor ROFR Properties Crowne Plaza Changi Airport Meritus Mandarin Haikou (China) Meritus Shantou (China)
Cornerstone investor	Great Eastern Life Assurance Company Hong Leong Asset Management Bhd Morgan Stanley Investment Management Company Newton INvestment Management Norges Bank	Credit Suisse AG Goldhill Mr Gordon Tang Lucille Holdings P L Splendid Asia Macro Fund
Other notes	SPH still retains a 70% interest in the SPH REIT	This is a stapled security of OUE hospitality  REIT and OUE hospitality business trust