With 9.10% in the first year and 7.00% onwards, it looks attractive on the first year but subsequently, I don't think so. Secondly, it has an extremely high gearing of 52.0% which actually mirrors Croesus Retail Trust. I think they are taking advantage of the cheap loans and money printing to raise their leverage. This one, I need to check again.
Much depends on the final price of the IPO (between $0.97 to $1.00) to guess the opening price and subsequent pricing. If it is below $1.00 which is the top end, I don't think it will move up further. If it is priced at the bottom end of $0.97, get ready for it to drop further. Anything between, price will stay.
Even if I have the chance, I won't take it.