IReit: ABBA is the name of the game
Reit shares its strategy of investing in "A" assets in "B" cities and "B" assets in "A" cities for higher yields
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Singapore
THE three clocks displaying the different time zones of Israel, Singapore and Germany in IReit Global's conference room aptly sum up the cross-border composition in the seven-month-old office Reit.
It is run by Itzhak Sella, an Israeli and the CEO of the Reit manager; the Reit was listed in Singapore last August, raising S$369 million; and the Reit's four properties are in the German cities of Bonn, Darmstadt, Munich and Münster.
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