Corporate digest
Elite Commercial Reit
ELITE Commercial Reit said its lease for Tomlinson House in Blackpool Norcross Lane to the United Kingdom's Ministry of Defence will now run till March 2028, after the lease break option occurring in March 2023 had been removed.
This, noted the Reit, furnished income visibility for the next 6 years from March 2022 as well as further upside from its built-in inflation-linked rental escalation from April 2023.
TRENDING NOW
Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts
Not in education, employment or training: Why more Hong Kong youths are opting out of work
Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan