Corporate digest

IREIT Global Group

IREIT Global Group, manager of IREIT Global, has entered into a sale and purchase agreement with HFS Immobilienfonds Deutschland 6 GmbH & Co KG to acquire a property in Berlin for 144.2 million euros (S$217.2 million). The property comprises two fully connected building sections of eight storeys and 13 storeys respectively. The Reit, which has announced a rights issue to raise gross proceeds of approximately S$88.7 million, will fund the acquisition through a mix of equity and debt. It will also tap a bank loan facility to draw down a gross amount of about 102 million euros. The property, which will be the biggest asset in its portfolio, will offer a net property income yield of 7.1 per cent.

Keppel Infrastructure Trust