China Merchants breaks five-year REIT listing drought for Hong Kong market

HONG KONG (Reuters) - Hong Kong is set to welcome its first listing of a real estate investment trust in five years, with the China Merchants Commercial REIT seeking to raise up to $400 million.The REIT, which owns five commercial and office properties in Shenzhen, wants to expand in the Greater Bay Area which has a population of about 70 million and includes Hong Kong, Macau and Guangdong province.It plans to issue 750 million units priced between HK$3.42 and HK$4 each, according to a term..