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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

Published Mon, Mar 16, 2015 · 09:50 PM

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.

As at December 2014, the Re…

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