SPH REIT Management Pte. Ltd. was set up in February 2014 as an asset manager to manage its subsidiaries, Paragon and Clementi Mall. On 2 July 2014, the trust was listed on the Singapore Exchange with an issue price of SGD 0.88 per unit. The trust was constituted by SPH as the trustee and its subsidiaries, Paragon and Clementi Mall, as the initial two properties. On 3 November 2014, The Rail Mall was acquired. Following the purchase of The Rail Mall, SPH REIT Management Pte. Ltd. became the manager of three properties.
