Elite Commercial Reit targets S$1 billion market cap to wow investors
Besides more acquisitions, it enjoys stability with a recession-proof tenant base as 99% of its portfolio is leased to the UK government.
Singapore
SHALDINE Wang, chief executive officer of the manager of Elite Commercial Reit, is on a mission to whet investor appetite with more acquisitions, bump up the Reit's market value and reassert its recession-proof appeal.
Elite Commercial Reit made its debut in February last year as the first UK-focused real estate investment trust (Reit) to be listed in Singapore. It is also the first Reit here to be denominated in the British pound.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama